Solar Panel Cost Guide in Winona, MS (2024 Update)
- Winona Solar Installation Cost: $18,524
- 25-Year Savings: $23,037
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Winona
Find out what the average cost of solar panels are in Winona.
Although the national average of solar panels is $2.66 per watt, solar panels in Winona generally cost around 3.The average solar panel system size in Winona is around 8.4 kilowatts, meaning a cost of about $18,524 for a solar installation, or $26,489 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Winona based on several factors, such as the brand of solar panels you choose and the solar company you hire.But, once you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $17,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized estimate.
Solar savings over time in Winona
| Year | Return on Investment |
|---|---|
| 1 years | $-17,156 |
| 3 years | $-14,421 |
| 5 years | $-11,687 |
| 7 years | $-8,952 |
| 9 years | $-6,217 |
| 11 years | $-3,482 |
| 13 years | $-747 |
| 15 years | $1,988 |
| 17 years | $4,723 |
| 19 years | $7,458 |
| 21 years | $10,192 |
| 23 years | $12,927 |
| 25 years | $15,662 |
Top Solar Installers in Winona
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make your swap to solar power much easier. 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.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our recommendations for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Winona
Factors that Affect Solar Panel Costs in Winona
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Winona: 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 panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use 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 a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want 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
Most solar installers in Winona provide solar loans, which reduce the initial cost of installing solar.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in Winona, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $13,774 | 12.5 years |
| 8 kW | $3.20 | $17,936 | $18,717 | 12.2 years |
| 10 kW | $3.14 | $21,980 | $23,835 | 12.0 years |
| 12 kW | $3.08 | $25,848 | $29,130 | 11.8 years |
| 14 kW | $3.01 | $29,541 | $34,600 | 11.5 years |
| 16 kW | $2.95 | $33,058 | $40,247 | 11.3 years |
| 18 kW | $2.89 | $36,399 | $46,069 | 11.0 years |
| 20 kW | $2.83 | $39,564 | $52,067 | 10.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should choose, since different companies have access to different panels.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Winona, MS Solar Cost FAQs
What is the average cost of installing solar panels in Winona?
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 extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 cover 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.