Solar Panel Cost Guide in Wiggins, MS (Mar 2023)
- Wiggins Solar Installation Cost: $15,301
- 25-Year Savings: $29,944
- Payback Period: 8.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wiggins
Let's take a look at the average cost of solar in Wiggins.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wiggins, the typical cost of a solar system is 2.64 per watt. Since a 8.3-kW system is needed to cover the energy needs of a typical home in Wiggins, the average price of going solar will be about $15,301 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Wiggins can save around $21,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a custom estimate.
Solar savings over time in Wiggins
| Year | Return on Investment |
|---|---|
| 1 years | $-13,492 |
| 3 years | $-9,872 |
| 5 years | $-6,252 |
| 7 years | $-2,633 |
| 9 years | $987 |
| 11 years | $4,606 |
| 13 years | $8,226 |
| 15 years | $11,846 |
| 17 years | $15,465 |
| 19 years | $19,085 |
| 21 years | $22,704 |
| 23 years | $26,324 |
| 25 years | $29,944 |
Top Solar Installers in Wiggins
Many homeowners opt for a solar panel company since installing solar panels by yourself can be time-consuming. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our suggestions for providers near you:
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 Wiggins
Factors that Affect Solar Panel Costs in Wiggins
There are several criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,640. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Wiggins offer solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also increases your all-in costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Wiggins, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $21,237 | 8.8 years |
| 8 kW | $2.69 | $15,080 | $28,612 | 8.6 years |
| 10 kW | $2.64 | $18,480 | $36,134 | 8.5 years |
| 12 kW | $2.59 | $21,732 | $43,805 | 8.3 years |
| 14 kW | $2.53 | $24,837 | $51,623 | 8.1 years |
| 16 kW | $2.48 | $27,794 | $59,589 | 8.0 years |
| 18 kW | $2.43 | $30,603 | $67,703 | 7.8 years |
| 20 kW | $2.38 | $33,264 | $75,965 | 7.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
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 Wiggins, MS Solar Cost FAQs
How much does it cost to install solar panels in Wiggins?
The average cost of solar panels in Wiggins 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 like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Wiggins?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 bang for your buck from going solar.
Is it worth going solar in Wiggins?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Wiggins?
Although 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 their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.