Solar Panel Cost Guide in Brookhaven, MS (2024 Update)
- Brookhaven Solar Installation Cost: $18,302
- 25-Year Savings: $25,708
- Payback Period: 11.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Brookhaven
Let’s take a look at the average cost of solar panels in Brookhaven.
The average cost of a solar system in Brookhaven is 3 per watt.Because a 8.3-kW system is needed to cover the energy consumption of a typical home in Brookhaven, the average price of going solar will be about $18,302 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Brookhaven homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Brookhaven can save around $19,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar installer in Brookhaven for a personalized quote.
Solar savings over time in Brookhaven
| Year | Return on Investment |
|---|---|
| 1 years | $-16,934 |
| 3 years | $-14,199 |
| 5 years | $-11,464 |
| 7 years | $-8,730 |
| 9 years | $-5,995 |
| 11 years | $-3,260 |
| 13 years | $-525 |
| 15 years | $2,210 |
| 17 years | $4,945 |
| 19 years | $7,680 |
| 21 years | $10,415 |
| 23 years | $13,149 |
| 25 years | $15,884 |
Top Solar Installers in Brookhaven
Many homeowners choose to hire a solar installer since trying to put up solar panels by yourself can be hard. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some 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 Brookhaven
Factors that Affect Solar Panel Costs in Brookhaven
Although the average cost of a solar system in Brookhaven is $18,302, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand and kind 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 have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Brookhaven, 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 opt for a solar loan. Also, paying more on your down payment can lower 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 Brookhaven is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services for different budgets.You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $15,897 | 11.6 years |
| 8 kW | $3.20 | $17,936 | $21,548 | 11.4 years |
| 10 kW | $3.14 | $21,980 | $27,374 | 11.1 years |
| 12 kW | $3.08 | $25,848 | $33,376 | 10.9 years |
| 14 kW | $3.01 | $29,541 | $39,555 | 10.7 years |
| 16 kW | $2.95 | $33,058 | $45,909 | 10.5 years |
| 18 kW | $2.89 | $36,399 | $52,438 | 10.2 years |
| 20 kW | $2.83 | $39,564 | $59,144 | 10.0 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Warranty: If you care about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Brookhaven, MS Solar Cost FAQs
What is the average cost of installing solar panels in Brookhaven?
The average cost of solar panels in Brookhaven is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Brookhaven?
You can’t get solar panels for free in Brookhaven. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Brookhaven is currently $168,896, so you can expect a value of about $6,925 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Brookhaven is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 generally produce about 250 to 400 watt-hours per hour, the average household 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.