Solar Panel Cost Guide in Gulf Hills, MS (2024 Update)
- Gulf Hills Solar Installation Cost: $17,701
- 25-Year Savings: $28,925
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Gulf Hills
We break down average solar pricing in Gulf Hills.
The national average cost of solar panels is $2.66 per watt, but in Gulf Hills it’s 3 per watt.Since a 8.1-kW system is needed to cover the energy costs of a typical home in Gulf Hills, the average price of going solar will be about $17,701 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Gulf Hills can save around $21,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Gulf Hills that can help you get a more accurate cost estimate for your home.
Solar savings over time in Gulf Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-15,873 |
| 3 years | $-12,217 |
| 5 years | $-8,561 |
| 7 years | $-4,905 |
| 9 years | $-1,249 |
| 11 years | $2,407 |
| 13 years | $6,064 |
| 15 years | $9,720 |
| 17 years | $13,376 |
| 19 years | $17,032 |
| 21 years | $20,688 |
| 23 years | $24,344 |
| 25 years | $28,000 |
Top Solar Installers in Gulf Hills
Installing solar panels by yourself can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. The payback period on a solar system will vary based on factors like your location and energy use, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
You can get a free estimate from a local solar installer on how much your investment in solar 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 Gulf Hills
Factors that Affect Solar Panel Costs in Gulf Hills
Although the average cost of a solar system in Gulf Hills is $17,701, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,140. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Gulf Hills, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries 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 Gulf Hills homeowners choose to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Gulf Hills, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $18,922 | 10.5 years |
| 8 kW | $3.20 | $17,936 | $25,581 | 10.3 years |
| 10 kW | $3.14 | $21,980 | $32,416 | 10.1 years |
| 12 kW | $3.08 | $25,848 | $39,427 | 9.9 years |
| 14 kW | $3.01 | $29,541 | $46,613 | 9.7 years |
| 16 kW | $2.95 | $33,058 | $53,976 | 9.5 years |
| 18 kW | $2.89 | $36,399 | $61,514 | 9.3 years |
| 20 kW | $2.83 | $39,564 | $69,228 | 9.1 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Warranty: If you’re concerned about the longevity of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Gulf Hills, MS Solar Cost FAQs
What is the average cost of installing solar panels in Gulf Hills?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally 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 higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Gulf Hills?
You can’t get solar panels for free in Gulf Hills. However, you may still be able to install 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?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t go 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?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 buy 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.
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.