Solar Panel Cost Guide in Gulf Park Estates, MS (2024 Update)
- Gulf Park Estates Solar Installation Cost: $17,701
- 25-Year Savings: $29,522
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Gulf Park Estates
We break down average solar pricing in Gulf Park Estates.
While the national average of solar panels is $2.66 per watt, solar panels in Gulf Park Estates generally cost around 3.To cover the typical energy needs of the average home in Gulf Park Estates, most homeowners require a 8.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,701, or $25,312 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Gulf Park Estates homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Even with the large upfront cost, the average Gulf Park Estates homeowner can save about $21,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a vetted solar installer in your area for a customized estimate.
Solar savings over time in Gulf Park Estates
| 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 Park Estates
Trying to install solar panels yourself can be a time-consuming undertaking, which is why getting a solar installer is a good option for many homeowners. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
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 in Gulf Park Estates:
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 Park Estates
Factors that Affect Solar Panel Costs in Gulf Park Estates
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,140.The kind of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Gulf Park Estates, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.Although solar loans make adopting solar energy more accessible for Gulf Park Estates homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies operating in Gulf Park Estates, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices due to their bigger 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 | $19,367 | 10.4 years |
| 8 kW | $3.20 | $17,936 | $26,175 | 10.2 years |
| 10 kW | $3.14 | $21,980 | $33,158 | 10.0 years |
| 12 kW | $3.08 | $25,848 | $40,317 | 9.8 years |
| 14 kW | $3.01 | $29,541 | $47,652 | 9.6 years |
| 16 kW | $2.95 | $33,058 | $55,163 | 9.4 years |
| 18 kW | $2.89 | $36,399 | $62,849 | 9.2 years |
| 20 kW | $2.83 | $39,564 | $70,712 | 9.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 Park Estates, MS Solar Cost FAQs
What is the average cost of installing solar panels in Gulf Park Estates?
The average cost of solar panels in Gulf Park Estates 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Gulf Park Estates?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 financial benefits from going solar.
Is it worth going solar in Gulf Park Estates?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels 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 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.
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.