Solar Panel Cost Guide in Holly Springs, MS (2024 Update)
- Holly Springs Solar Installation Cost: $19,146
- 25-Year Savings: $23,248
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Holly Springs
Find out what the average cost of installing solar panels is in Holly Springs.
Although the national average of solar panels is $2.66 per watt, solar panels in Holly Springs generally cost around 3.The average solar panel system size in Holly Springs is around 8.7 kilowatts, meaning a cost of about $19,146 for a solar installation, or $27,379 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you want, your solar contractor and more.Even with the high initial cost, the average Holly Springs homeowner can save about $17,000 on their power bills over 20 years, which is one of the positives of solar.
To receive a free quote from a pre-vetted solar company in Holly Springs, you can click the button below.
Solar savings over time in Holly Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-17,691 |
| 3 years | $-14,780 |
| 5 years | $-11,870 |
| 7 years | $-8,960 |
| 9 years | $-6,049 |
| 11 years | $-3,139 |
| 13 years | $-228 |
| 15 years | $2,682 |
| 17 years | $5,592 |
| 19 years | $8,503 |
| 21 years | $11,413 |
| 23 years | $14,323 |
| 25 years | $17,234 |
Top Solar Installers in Holly Springs
Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be time-consuming. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over time.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Holly Springs
Factors that Affect Solar Panel Costs in Holly Springs
There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,140. There are many different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Holly Springs have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your total costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $13,386 | 12.7 years |
| 8 kW | $3.20 | $17,936 | $18,200 | 12.4 years |
| 10 kW | $3.14 | $21,980 | $23,189 | 12.2 years |
| 12 kW | $3.08 | $25,848 | $28,355 | 11.9 years |
| 14 kW | $3.01 | $29,541 | $33,696 | 11.7 years |
| 16 kW | $2.95 | $33,058 | $39,213 | 11.4 years |
| 18 kW | $2.89 | $36,399 | $44,906 | 11.2 years |
| 20 kW | $2.83 | $39,564 | $50,774 | 10.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- 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 how long it will take.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers carry 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.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
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 Holly Springs, MS Solar Cost FAQs
How much does it cost to install solar panels in Holly Springs?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Holly Springs?
Solar panels aren’t free in Holly Springs, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact my property value?
Solar panels can increase the value of your home 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."
How long do solar panels last in Holly Springs?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.