Solar Panel Cost Guide in Waveland, MS (Mar 2023)
- Waveland Solar Installation Cost: $14,729
- 25-Year Savings: $30,569
- Payback Period: 8.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Waveland
Find out how much it might cost to go solar in Waveland.
The national average cost of solar panels is $2.66 per watt, but in Waveland it's 2.64 per watt. The average solar panel system size in Waveland is around 8.0 kilowatts, meaning a cost of about $14,729 for a solar installation, or $21,062 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may differ based on your energy needs and what company you want to go with. With typical savings of about $22,000 on electricity bills over 20 years, many homeowners in Waveland find investing in solar can pay off big.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Waveland
| Year | Return on Investment |
|---|---|
| 1 years | $-12,917 |
| 3 years | $-9,293 |
| 5 years | $-5,669 |
| 7 years | $-2,045 |
| 9 years | $1,579 |
| 11 years | $5,202 |
| 13 years | $8,826 |
| 15 years | $12,450 |
| 17 years | $16,074 |
| 19 years | $19,698 |
| 21 years | $23,322 |
| 23 years | $26,945 |
| 25 years | $30,569 |
Top Solar Installers in Waveland
Many homeowners opt for a solar installation company since figuring out how to install solar panels on your own can be challenging. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what type of solar equipment would be right for your home.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Waveland
Factors that Affect Solar Panel Costs in Waveland
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Waveland: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly 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 energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,640 per kilowatt in Waveland. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Waveland provide solar loans, which reduce your upfront costs of installing a solar system. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Waveland is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage 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 cost more. It's best to do some research and go with the company that provides the products, warranties and services you want and also fits 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 | $22,586 | 8.4 years |
| 8 kW | $2.69 | $15,080 | $30,410 | 8.3 years |
| 10 kW | $2.64 | $18,480 | $38,383 | 8.1 years |
| 12 kW | $2.59 | $21,732 | $46,503 | 8.0 years |
| 14 kW | $2.53 | $24,837 | $54,770 | 7.8 years |
| 16 kW | $2.48 | $27,794 | $63,186 | 7.6 years |
| 18 kW | $2.43 | $30,603 | $71,750 | 7.5 years |
| 20 kW | $2.38 | $33,264 | $80,461 | 7.3 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Waveland, MS Solar Cost FAQs
What is the average cost of installing solar panels in Waveland?
The average cost of solar panels in Waveland is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.