Solar Panel Cost Guide in Winona, MS (2025 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 about 3.The average Winona homeowner needs a 8.4-kilowatt system, which would cost about $18,524 with the federal tax credit, or $26,489 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Winona homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Winona can save about $17,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar installer in your area for a custom 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
Putting up solar panels on your own can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Winona
Factors that Affect Solar Panel Costs in Winona
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,140 per kilowatt in Winona.The kind of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Winona to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest.Though solar loans make adopting solar energy more accessible for Winona homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Winona have more knowledge about local solar incentives and can help you make good use 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 | $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 solar system installation will affect the warranties and brands available to you, 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: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Warranty: If you’re concerned about the endurance of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Winona, MS Solar Cost FAQs
What is the average cost of installing solar panels in Winona?
This is a tough question to answer exactly, because the cost depends on many 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 higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Winona?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.