Solar Panel Cost Guide in Carthage, MS (2025 Update)
- Carthage Solar Installation Cost: $18,465
- 25-Year Savings: $24,732
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Carthage
Let’s have a look at the average cost of solar panels in Carthage.
While the national average of solar panels is $2.66 per watt, solar panels in Carthage typically cost around 3.Using this figure, a typical 8.4-kW system would cost about $18,465 before the 0 federal solar tax credit 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 installing solar panels can vary depending on multiple factors, such as what size system you need, your energy consumption and what company you go with.With average savings of about $18,000 on power bills over 20 years, many homeowners in Carthage find going solar can be quite rewarding.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Carthage
| Year | Return on Investment |
|---|---|
| 1 years | $-17,098 |
| 3 years | $-14,363 |
| 5 years | $-11,628 |
| 7 years | $-8,893 |
| 9 years | $-6,158 |
| 11 years | $-3,424 |
| 13 years | $-689 |
| 15 years | $2,046 |
| 17 years | $4,781 |
| 19 years | $7,516 |
| 21 years | $10,251 |
| 23 years | $12,986 |
| 25 years | $15,721 |
Top Solar Installers in Carthage
When going solar, many homeowners prefer to go with a solar installation company since installing solar panels yourself can be a time-consuming project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
See all of the solar companies in Carthage
Factors that Affect Solar Panel Costs in Carthage
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Carthage: 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 important factors to consider when it comes to the cost of going solar 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 pay around $3,140 per kilowatt in Carthage.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Carthage average.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a role in determining how much you pay. Carthage’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that has the products, warranties and services you want and also fit into your budget.
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 | $15,036 | 11.9 years |
| 8 kW | $3.20 | $17,936 | $20,400 | 11.7 years |
| 10 kW | $3.14 | $21,980 | $25,939 | 11.5 years |
| 12 kW | $3.08 | $25,848 | $31,654 | 11.2 years |
| 14 kW | $3.01 | $29,541 | $37,545 | 11.0 years |
| 16 kW | $2.95 | $33,058 | $43,612 | 10.8 years |
| 18 kW | $2.89 | $36,399 | $49,855 | 10.5 years |
| 20 kW | $2.83 | $39,564 | $56,274 | 10.3 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- 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 project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
EcoWatch's Carthage, MS Solar Cost FAQs
How much does it cost to install solar panels in Carthage?
This is a hard 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Carthage?
You can’t get solar panels for free in Carthage. 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 prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Carthage?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 get 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.