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.
Although the national average of solar panels is $2.66 per watt, solar panels in Hazlehurst generally 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.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.With typical savings of about $19,000 on electricity bills over 20 years, many homeowners in Hazlehurst find installing solar panels has a decent ROI.
To see your potential savings and connect with a local solar expert, click the button below.
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
Many homeowners opt for a solar installation company since installing solar panels yourself can be hard. Solar warranties and repairs are typically included in the cost of installation when you opt for a solar contractor as well, which can save you more money after your initial investment.
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 suggestions for providers in Hazlehurst:
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 Hazlehurst
Factors that Affect Solar Panel Costs in Hazlehurst
Though the average cost of a solar system in Hazlehurst is $18,304, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,140.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Hazlehurst, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of 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
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Hazlehurst, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can impact the cost. Hazlehurst’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Hazlehurst are more knowledgeable 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 | $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
Since the type of solar panels and the company you choose significantly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Before you sign a contract with a solar installer, be sure to read it through 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 if there are any guarantees about energy production.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
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 Hazlehurst, MS Solar Cost FAQs
What is the average cost of installing solar panels in Hazlehurst?
The average cost of solar panels in Hazlehurst is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hazlehurst is currently $93,963, so you can look forward to a value of about $3,852 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Hazlehurst is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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 cover 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.