Solar Panel Cost Guide in Hazlehurst, MS (2024 Update)
- Hazlehurst Solar Installation Cost: $18,304
- 25-Year Savings: $25,315
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Hazlehurst
Let’s take a look at the average cost of solar panels in Hazlehurst.
While the national average of solar panels is $2.66 per watt, solar panels in Hazlehurst typically cost about 3.The average solar panel system size in Hazlehurst is around 8.3 kilowatts, meaning a cost of about $18,304 for a solar installation, or $26,175 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 will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more.With average savings of about $19,000 on power bills over 20 years, many homeowners in Hazlehurst find going solar can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Hazlehurst for a quote for your home.
Solar savings over time in Hazlehurst
| Year | Return on Investment |
|---|---|
| 1 years | $-16,936 |
| 3 years | $-14,201 |
| 5 years | $-11,467 |
| 7 years | $-8,732 |
| 9 years | $-5,997 |
| 11 years | $-3,262 |
| 13 years | $-527 |
| 15 years | $2,208 |
| 17 years | $4,943 |
| 19 years | $7,678 |
| 21 years | $10,412 |
| 23 years | $13,147 |
| 25 years | $15,882 |
Top Solar Installers in Hazlehurst
When making the switch to solar, many homeowners choose to go with a solar installation company since handling can be a difficult project. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to make the switch to solar but still aren’t sure which solar system installer to go with, here are our recommendations for providers near you:
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 Hazlehurst
Factors that Affect Solar Panel Costs in Hazlehurst
While the average cost of a solar system in Hazlehurst is $18,304, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Hazlehurst, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Hazlehurst, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of 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 more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Hazlehurst, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Hazlehurst are more knowledgeable about local solar incentives and can help you take advantage of 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 | $15,612 | 11.7 years |
| 8 kW | $3.20 | $17,936 | $21,167 | 11.5 years |
| 10 kW | $3.14 | $21,980 | $26,899 | 11.2 years |
| 12 kW | $3.08 | $25,848 | $32,806 | 11.0 years |
| 14 kW | $3.01 | $29,541 | $38,889 | 10.8 years |
| 16 kW | $2.95 | $33,058 | $45,148 | 10.6 years |
| 18 kW | $2.89 | $36,399 | $51,583 | 10.3 years |
| 20 kW | $2.83 | $39,564 | $58,194 | 10.1 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Hazlehurst, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Hazlehurst, MS Solar Cost FAQs
What is the average cost of installing solar panels in Hazlehurst?
This is a difficult question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value significantly 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."
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 uses 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 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.