Solar Panel Cost Guide in Aberdeen, MS (2024 Update)
- Aberdeen Solar Installation Cost: $18,818
- 25-Year Savings: $17,669
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Aberdeen
We break down average solar pricing in Aberdeen.
In Aberdeen, solar panels cost about 3 per watt on average.Since a 8.6-kW system is needed to cover the energy usage of a typical home in Aberdeen, the average price of going solar will be about $18,818 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Even with the large upfront cost, the average Aberdeen homeowner can save around $16,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar installer in Aberdeen for a custom estimate.
Solar savings over time in Aberdeen
| Year | Return on Investment |
|---|---|
| 1 years | $-17,239 |
| 3 years | $-14,080 |
| 5 years | $-10,921 |
| 7 years | $-7,762 |
| 9 years | $-4,603 |
| 11 years | $-1,444 |
| 13 years | $1,715 |
| 15 years | $4,873 |
| 17 years | $8,032 |
| 19 years | $11,191 |
| 21 years | $14,350 |
| 23 years | $17,509 |
| 25 years | $20,668 |
Top Solar Installers in Aberdeen
Although you can install solar panels on your own, it requires extra effort and expertise. For that reason, most homeowners choose to go with a solar panel installer. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Aberdeen
Factors that Affect Solar Panel Costs in Aberdeen
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Aberdeen: 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
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 spend about $3,140 per kilowatt in Aberdeen.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Aberdeen homeowners opt to finance their solar panel systems to make paying for solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $9,755 | 14.6 years |
| 8 kW | $3.20 | $17,936 | $13,358 | 14.3 years |
| 10 kW | $3.14 | $21,980 | $17,137 | 14.0 years |
| 12 kW | $3.08 | $25,848 | $21,092 | 13.8 years |
| 14 kW | $3.01 | $29,541 | $25,223 | 13.5 years |
| 16 kW | $2.95 | $33,058 | $29,529 | 13.2 years |
| 18 kW | $2.89 | $36,399 | $34,012 | 12.9 years |
| 20 kW | $2.83 | $39,564 | $38,670 | 12.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
EcoWatch's Aberdeen, MS Solar Cost FAQs
What is the average cost of installing solar panels in Aberdeen?
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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Aberdeen?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in Aberdeen?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Aberdeen?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.
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.