Solar Panel Cost Guide in Wiggins, MS (2023 Update)
- Wiggins Solar Installation Cost: $15,310
- 25-Year Savings: $29,935
- Payback Period: 8.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wiggins
Find out what the average cost of solar panel installation is in Wiggins.
The national average cost of solar panels is $2.66 per watt, but in Wiggins it's 2.64 per watt. To cover the typical energy usage of the average home in Wiggins, most homeowners require a 8.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,301, or $21,880 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. Despite the significant upfront cost, the average Wiggins homeowner can save about $21,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Wiggins for a quote for your home.
Solar savings over time in Wiggins
| Year | Return on Investment |
|---|---|
| 1 years | $-13,481 |
| 3 years | $-9,825 |
| 5 years | $-6,169 |
| 7 years | $-2,513 |
| 9 years | $1,143 |
| 11 years | $4,799 |
| 13 years | $8,455 |
| 15 years | $12,111 |
| 17 years | $15,767 |
| 19 years | $19,423 |
| 21 years | $23,079 |
| 23 years | $26,735 |
| 25 years | $30,392 |
Top Solar Installers in Wiggins
Although you can install solar panels by yourself, it requires extra energy and know-how. Because of that, most homeowners choose a solar panel installer. Plus, if you're unsure what kind of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a professional solar installer can make going solar easier. 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
See all of the solar companies in Wiggins
Factors that Affect Solar Panel Costs in Wiggins
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Wiggins: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need 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. There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher 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
Many homeowners find the average cost of solar in Wiggins to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time because of interest. However, the interest on solar loans also increases your overall costs, so it's vital to include that in your estimate as well. You can always reduce 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 panel installer you choose will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 challenge, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- 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're not certain 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.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
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 Wiggins, MS Solar Cost FAQs
How much does it cost to install solar panels in Wiggins?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $13,200 for a 5-kW system and $26,400 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 above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Wiggins, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.