Solar Panel Cost Guide in Amory, MS (2024 Update)
- Amory Solar Installation Cost: $18,818
- 25-Year Savings: $15,536
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Amory
Find out what the average cost of solar panels are in Amory.
The average cost of a solar system in Amory is 3 per watt.The average solar panel system size in Amory is around 8.6 kilowatts, meaning a cost of about $18,818 for a solar installation, or $26,910 before the 0 federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Amory based on several factors, such as the model of solar panels you choose and the solar installer you hire.Despite the large initial cost, the average Amory homeowner can save around $15,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Amory
| Year | Return on Investment |
|---|---|
| 1 years | $-17,343 |
| 3 years | $-14,393 |
| 5 years | $-11,443 |
| 7 years | $-8,492 |
| 9 years | $-5,542 |
| 11 years | $-2,592 |
| 13 years | $358 |
| 15 years | $3,309 |
| 17 years | $6,259 |
| 19 years | $9,209 |
| 21 years | $12,159 |
| 23 years | $15,110 |
| 25 years | $18,060 |
Top Solar Installers in Amory
Although you can install solar panels by yourself, it requires extra energy and handiness. For that reason, almost all homeowners choose a solar panel installer. The expertise that solar companies offer can be helpful as well, especially if you aren’t sure what type of solar equipment you need.
If you’d like to make the switch to solar but still aren’t sure which solar company to go with, here are our suggestions 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 Amory
Factors that Affect Solar Panel Costs in Amory
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Amory: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose 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
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Amory 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 decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Amory is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $8,260 | 15.6 years |
| 8 kW | $3.20 | $17,936 | $11,365 | 15.3 years |
| 10 kW | $3.14 | $21,980 | $14,646 | 15.0 years |
| 12 kW | $3.08 | $25,848 | $18,102 | 14.7 years |
| 14 kW | $3.01 | $29,541 | $21,735 | 14.4 years |
| 16 kW | $2.95 | $33,058 | $25,543 | 14.1 years |
| 18 kW | $2.89 | $36,399 | $29,528 | 13.8 years |
| 20 kW | $2.83 | $39,564 | $33,688 | 13.5 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Installation Process: An important thing to understand when adopting solar energy 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 acquire and what the project timeline is.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Long-running companies likely have a solid 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: The type of solar panel you need to install plays a part in which company you should go with, since different companies have access to different panels.
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 Amory, MS Solar Cost FAQs
How much does it cost to install solar panels in Amory?
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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will installing solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Amory is currently $149,807, so you can expect a value of about $6,142 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Amory is a fruitful investment.
How long do solar panels last in Amory?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.