Solar Panel Cost Guide in Vicksburg, MS (2023 Update)
- Vicksburg Solar Installation Cost: $15,301
- 25-Year Savings: $27,930
- Payback Period: 8.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Vicksburg
Find out what the average cost of a solar system is in Vicksburg.
The national average cost of solar panels is $2.66 per watt, but in Vicksburg it's 2.64 per watt. The average Vicksburg homeowner needs a 8.3-kilowatt system, which would cost about $15,301 with the federal tax credit, or $21,880 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what company you go with. With typical savings of about $20,000 on power bills over 20 years, many homeowners in Vicksburg find investing in solar can pay off big.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Vicksburg
| Year | Return on Investment |
|---|---|
| 1 years | $-13,572 |
| 3 years | $-10,114 |
| 5 years | $-6,655 |
| 7 years | $-3,197 |
| 9 years | $262 |
| 11 years | $3,720 |
| 13 years | $7,179 |
| 15 years | $10,637 |
| 17 years | $14,096 |
| 19 years | $17,554 |
| 21 years | $21,013 |
| 23 years | $24,471 |
| 25 years | $27,930 |
Top Solar Installers in Vicksburg
Trying to install solar panels yourself can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Plus, if you'd like to maximize your investment in solar power, using a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you're looking for a solar company in Vicksburg, the EcoWatch team has put together a list of our top suggestions here:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
The cost of installing a solar system in Vicksburg can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,640. The type of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Vicksburg to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can influence your pricing. Vicksburg's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Vicksburg are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Before signing a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
What is the average cost of installing 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Vicksburg?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Vicksburg have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
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 stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had 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.