Solar Panel Cost Guide in Vicksburg, MS (2023 Update)
- Vicksburg Solar Installation Cost: $15,308
- 25-Year Savings: $27,923
- Payback Period: 8.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Vicksburg
We go over average solar pricing in Vicksburg.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Vicksburg, the average cost of solar panels is 2.64 per watt. The average solar panel system size in Vicksburg is around 8.3 kilowatts, meaning a cost of about $15,301 for a solar installation, or $21,880 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will differ based on your specific situation and what company you want to go with. With average savings of about $20,000 on electricity bills over 20 years, many homeowners in Vicksburg find investing in solar can be quite rewarding.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Vicksburg
| Year | Return on Investment |
|---|---|
| 1 years | $-15,164 |
| 3 years | $-14,876 |
| 5 years | $-14,588 |
| 7 years | $-14,299 |
| 9 years | $-14,011 |
| 11 years | $-13,723 |
| 13 years | $-13,435 |
| 15 years | $-13,147 |
| 17 years | $-12,858 |
| 19 years | $-12,570 |
| 21 years | $-12,282 |
| 23 years | $-11,994 |
| 25 years | $-11,706 |
Top Solar Installers in Vicksburg
Many homeowners opt for a solar installer since installing solar panels by yourself can be hard. Another perk of going with a solar company is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you're looking for a solar installer in Vicksburg, the EcoWatch team has organized a list of our top suggestions here:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Vicksburg
Factors that Affect Solar Panel Costs in Vicksburg
For many Vicksburg homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Vicksburg, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,640 per kilowatt in Vicksburg. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Vicksburg to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Vicksburg is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different price points. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that provides the products, warranties and services you're looking for and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.75 | $11,532 | $19,781 | 9.2 years |
| 8 kW | $2.69 | $15,080 | $26,671 | 9.0 years |
| 10 kW | $2.64 | $18,480 | $33,708 | 8.9 years |
| 12 kW | $2.59 | $21,732 | $40,893 | 8.7 years |
| 14 kW | $2.53 | $24,837 | $48,226 | 8.5 years |
| 16 kW | $2.48 | $27,794 | $55,707 | 8.3 years |
| 18 kW | $2.43 | $30,603 | $63,336 | 8.1 years |
| 20 kW | $2.38 | $33,264 | $71,112 | 8.0 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: If you care about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Vicksburg, MS Solar Cost FAQs
How much does it cost to install solar panels in Vicksburg?
The average cost of solar panels in Vicksburg is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.