Solar Panel Cost Guide in West Point, MS (2024 Update)
- West Point Solar Installation Cost: $18,670
- 25-Year Savings: $18,308
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in West Point
We go over average solar pricing in West Point.
Although the national average of solar panels is $2.66 per watt, solar panels in West Point generally cost around 3.The average solar panel system size in West Point is around 8.5 kilowatts, meaning a cost of about $18,670 for a solar installation, or $26,698 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average West Point homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $16,000 over 20 years on electricity bills.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in West Point
| Year | Return on Investment |
|---|---|
| 1 years | $-17,050 |
| 3 years | $-13,809 |
| 5 years | $-10,568 |
| 7 years | $-7,327 |
| 9 years | $-4,086 |
| 11 years | $-846 |
| 13 years | $2,395 |
| 15 years | $5,636 |
| 17 years | $8,877 |
| 19 years | $12,118 |
| 21 years | $15,359 |
| 23 years | $18,599 |
| 25 years | $21,840 |
Top Solar Installers in West Point
Many homeowners choose to use a solar installer since installing solar panels yourself can be a labor-intensive endeavor. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to start using solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers near you:
See all of the solar companies in West Point
Factors that Affect Solar Panel Costs in West Point
The cost of installing a solar system in West Point can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,140. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like West Point, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in West Point provide solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your all-in costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in West Point are more knowledgeable about local solar incentives and can help you take advantage 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 | $3.27 | $13,716 | $10,305 | 14.3 years |
| 8 kW | $3.20 | $17,936 | $14,091 | 14.0 years |
| 10 kW | $3.14 | $21,980 | $18,053 | 13.7 years |
| 12 kW | $3.08 | $25,848 | $22,192 | 13.5 years |
| 14 kW | $3.01 | $29,541 | $26,506 | 13.2 years |
| 16 kW | $2.95 | $33,058 | $30,996 | 12.9 years |
| 18 kW | $2.89 | $36,399 | $35,661 | 12.6 years |
| 20 kW | $2.83 | $39,564 | $40,503 | 12.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The model of solar panel you’d like plays a part in which company you should opt for, since different companies offer different panels.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's West Point, MS Solar Cost FAQs
What is the average cost of installing solar panels in West Point?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $15,700 for a 5-kW system and $31,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in West Point?
A solar panel system isn’t free in West Point, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is going 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?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.