Solar Panel Cost Guide in Wiggins, MS (2025 Update)
- Wiggins Solar Installation Cost: $18,209
- 25-Year Savings: $29,935
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Wiggins
Let’s take a look at the average cost of solar panels in Wiggins.
In Wiggins, solar panels cost about 3 per watt on average.The average solar panel system size in Wiggins is around 8.3 kilowatts, meaning a cost of about $18,209 for a solar installation, or $26,039 before the 0 federal solar tax credit 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 consumption, the type of solar system you want, your solar contractor and more.Even with the significant initial cost, the average Wiggins homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Wiggins
| Year | Return on Investment |
|---|---|
| 1 years | $-16,381 |
| 3 years | $-12,725 |
| 5 years | $-9,069 |
| 7 years | $-5,413 |
| 9 years | $-1,757 |
| 11 years | $1,899 |
| 13 years | $5,555 |
| 15 years | $9,212 |
| 17 years | $12,868 |
| 19 years | $16,524 |
| 21 years | $20,180 |
| 23 years | $23,836 |
| 25 years | $27,492 |
Top Solar Installers in Wiggins
Trying to install solar panels yourself can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a professional solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Wiggins
Factors that Affect Solar Panel Costs in Wiggins
For many Wiggins homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Wiggins, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher 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 $3,140.There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid option because they reduce your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Wiggins, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $19,053 | 10.5 years |
| 8 kW | $3.20 | $17,936 | $25,756 | 10.3 years |
| 10 kW | $3.14 | $21,980 | $32,634 | 10.1 years |
| 12 kW | $3.08 | $25,848 | $39,689 | 9.9 years |
| 14 kW | $3.01 | $29,541 | $46,919 | 9.7 years |
| 16 kW | $2.95 | $33,058 | $54,325 | 9.5 years |
| 18 kW | $2.89 | $36,399 | $61,907 | 9.3 years |
| 20 kW | $2.83 | $39,564 | $69,665 | 9.1 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Warranty: If you’re concerned about the longevity of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
EcoWatch's Wiggins, MS Solar Cost FAQs
What is the average cost of installing solar panels in Wiggins?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $15,700 for a 5-kW system and $31,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Wiggins?
Leasing solar panels can be an option if you can’t afford to 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 bang for your buck from going solar.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wiggins is currently $149,917, which means you could be looking at a value of about $6,147 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wiggins is a rewarding investment.
How long do solar panels last in Wiggins?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.