Solar Panel Cost Guide in Vicksburg, MI (2024 Update)
- Vicksburg Solar Installation Cost: $17,318
- 25-Year Savings: $19,756
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Vicksburg
Here’s how much it might cost to install solar panels in Vicksburg.
The national average cost of solar panels is $2.66 per watt, but in Vicksburg it’s 4 per watt.Because a 6.1-kW system is needed to cover the energy costs of a typical home in Vicksburg, the average price of going solar will be about $17,318 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar system you want, your solar contractor and more.With average savings of about $20,000 on power bills over 20 years, many homeowners in Vicksburg find going solar has a decent ROI.
To get a free estimate from a highly rated solar installation company in Vicksburg, you can click the button below.
Solar savings over time in Vicksburg
| Year | Return on Investment |
|---|---|
| 1 years | $-16,065 |
| 3 years | $-13,557 |
| 5 years | $-11,050 |
| 7 years | $-8,542 |
| 9 years | $-6,035 |
| 11 years | $-3,528 |
| 13 years | $-1,020 |
| 15 years | $1,487 |
| 17 years | $3,995 |
| 19 years | $6,502 |
| 21 years | $9,009 |
| 23 years | $11,517 |
| 25 years | $14,024 |
Top Solar Installers in Vicksburg
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make converting to solar power much easier. Also, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
See all of the solar companies in Vicksburg
Factors that Affect Solar Panel Costs in Vicksburg
There are several criteria that can influence your solar system 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
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key 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 increase costs. For each additional kilowatt you need, your cost can go up by about $4,060.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Vicksburg, where sunlight isn’t as 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 a challenge. Solar loans are available from most installers in Vicksburg, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can play a part in determining your pricing. Vicksburg’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 down 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 | $4.22 | $17,734 | $13,519 | 14.2 years |
| 8 kW | $4.14 | $23,191 | $18,481 | 13.9 years |
| 10 kW | $4.06 | $28,420 | $23,669 | 13.6 years |
| 12 kW | $3.98 | $33,422 | $29,085 | 13.4 years |
| 14 kW | $3.90 | $38,196 | $34,728 | 13.1 years |
| 16 kW | $3.82 | $42,744 | $40,599 | 12.8 years |
| 18 kW | $3.74 | $47,064 | $46,697 | 12.5 years |
| 20 kW | $3.65 | $51,156 | $53,023 | 12.3 years |
How to Save on Solar Panels
There are many companies available in Vicksburg, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Read the contract terms closely to make sure you understand the total cost, project completion timeline incentives and warranties.
- Installation Process: When making the switch to solar energy, it’s crucial to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
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
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
EcoWatch's Vicksburg, MI Solar Cost FAQs
How much does it cost to install solar panels in Vicksburg?
The average cost of solar panels in Vicksburg is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Vicksburg?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to 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.
Can you sell solar power back to the grid in Vicksburg?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires 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 home 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.