Solar Panel Cost Guide in Yazoo City, MS (2024 Update)
- Yazoo City Solar Installation Cost: $18,359
- 25-Year Savings: $28,071
- Payback Period: 10.5 Years
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Average Cost of Solar Panels in Yazoo City
Here’s how much it might cost to go solar in Yazoo City.
The national average cost of solar panels is $2.66 per watt, but in Yazoo City it’s 3 per watt.To cover the typical energy needs of the average home in Yazoo City, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs around $18,359, or $26,253 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Yazoo City can save around $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Yazoo City that can help you get a more accurate cost estimate for your home.
Solar savings over time in Yazoo City
| Year | Return on Investment |
|---|---|
| 1 years | $-16,991 |
| 3 years | $-14,256 |
| 5 years | $-11,521 |
| 7 years | $-8,786 |
| 9 years | $-6,052 |
| 11 years | $-3,317 |
| 13 years | $-582 |
| 15 years | $2,153 |
| 17 years | $4,888 |
| 19 years | $7,623 |
| 21 years | $10,358 |
| 23 years | $13,093 |
| 25 years | $15,827 |
Top Solar Installers in Yazoo City
Although you can install solar panels yourself, it requires extra time and know-how. For that reason, most homeowners choose a solar panel installer. Solar warranties and repairs are usually included in the cost of installation when you go with a solar contractor too, which can save you more money after your upfront investment.
If you're searching for a solar company in Yazoo City, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Yazoo City
Factors that Affect Solar Panel Costs in Yazoo City
There are several criteria that can play into your solar panel 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 some different factors. One of the notable 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 $3,140.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Yazoo City, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Yazoo City, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact your pricing. Yazoo City’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with 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 vehicle 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 | $3.27 | $13,716 | $17,537 | 11.0 years |
| 8 kW | $3.20 | $17,936 | $23,735 | 10.8 years |
| 10 kW | $3.14 | $21,980 | $30,108 | 10.5 years |
| 12 kW | $3.08 | $25,848 | $36,657 | 10.3 years |
| 14 kW | $3.01 | $29,541 | $43,382 | 10.1 years |
| 16 kW | $2.95 | $33,058 | $50,282 | 9.9 years |
| 18 kW | $2.89 | $36,399 | $57,359 | 9.7 years |
| 20 kW | $2.83 | $39,564 | $64,612 | 9.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a good company.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
EcoWatch's Yazoo City, MS Solar Cost FAQs
How much does it cost to install solar panels in Yazoo City?
The average cost of solar panels in Yazoo City is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
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 how much 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 install between 20 and 35 panels to account for 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.