Solar Panel Cost Guide in Flowood, MS (2025 Update)
- Flowood Solar Installation Cost: $18,366
- 25-Year Savings: $22,461
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Flowood
We break down average solar pricing in Flowood.
In Flowood, solar panels cost about 3 per watt on average.The average solar panel system size in Flowood is around 8.4 kilowatts, meaning a cost of about $18,366 for a solar installation, or $26,263 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more.For most homeowners, the upfront cost of solar panels is worth paying. On average Flowood homeowners see about $17,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Flowood
| Year | Return on Investment |
|---|---|
| 1 years | $-16,999 |
| 3 years | $-14,264 |
| 5 years | $-11,529 |
| 7 years | $-8,794 |
| 9 years | $-6,059 |
| 11 years | $-3,324 |
| 13 years | $-589 |
| 15 years | $2,146 |
| 17 years | $4,881 |
| 19 years | $7,615 |
| 21 years | $10,350 |
| 23 years | $13,085 |
| 25 years | $15,820 |
Top Solar Installers in Flowood
Many homeowners decide to use a solar panel company since figuring out how to install solar panels by yourself can be time-consuming. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be best for your home.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Flowood
Factors that Affect Solar Panel Costs in Flowood
The cost of installing a solar system in Flowood can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Flowood, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,140 for each additional kilowatt you need.The kind of solar equipment you choose can increase or decrease your cost 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. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Flowood average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Flowood homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Flowood is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that provide a range of services at different costs.Additionally, some companies in Flowood know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,501 | 12.6 years |
| 8 kW | $3.20 | $17,936 | $18,353 | 12.4 years |
| 10 kW | $3.14 | $21,980 | $23,380 | 12.1 years |
| 12 kW | $3.08 | $25,848 | $28,584 | 11.9 years |
| 14 kW | $3.01 | $29,541 | $33,963 | 11.6 years |
| 16 kW | $2.95 | $33,058 | $39,519 | 11.4 years |
| 18 kW | $2.89 | $36,399 | $45,250 | 11.1 years |
| 20 kW | $2.83 | $39,564 | $51,157 | 10.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose greatly affects your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Before signing a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar installer. Make sure you understand how the installation process works and the completion timeline.
EcoWatch's Flowood, MS Solar Cost FAQs
What is the average cost of installing solar panels in Flowood?
The average cost of solar panels in Flowood is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Flowood?
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 can’t take advantage of many solar incentives. Also your home 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 savings from going solar.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.