Solar Panel Cost Guide in Leland, MS (2024 Update)
- Leland Solar Installation Cost: $18,401
- 25-Year Savings: $27,366
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Leland
Let’s have a look at the average cost of solar panels in Leland.
In Leland, solar panels cost about 3 per watt on average.The average Leland homeowner needs a 8.4-kilowatt system, which would cost about $18,401 with the federal tax credit, or $26,313 before the 0 tax credit is applied.
These figures are only estimates, and your own solar costs will differ based on your energy needs and what company you want to go with.With average savings of about $19,000 on energy bills over 20 years, many homeowners in Leland find investing in solar can be quite rewarding.
You can click the button below to get connected with a top solar installer in Leland that can help you get a more accurate cost estimate for your home.
Solar savings over time in Leland
| Year | Return on Investment |
|---|---|
| 1 years | $-17,033 |
| 3 years | $-14,298 |
| 5 years | $-11,564 |
| 7 years | $-8,829 |
| 9 years | $-6,094 |
| 11 years | $-3,359 |
| 13 years | $-624 |
| 15 years | $2,111 |
| 17 years | $4,846 |
| 19 years | $7,581 |
| 21 years | $10,315 |
| 23 years | $13,050 |
| 25 years | $15,785 |
Top Solar Installers in Leland
When going solar, many homeowners opt to use a solar installer since DIY solar panel installation can be a difficult project. Another upside of utilizing a solar installer is that they can help you optimize your investment by reducing your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
If you’d like to switch to solar energy but still aren’t sure which solar panel installer to go with, here are our recommendations for providers 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 Leland
Factors that Affect Solar Panel Costs in Leland
There are a number of criteria 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 performs the installation.
Solar Equipment
The cost of solar panel systems 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 with 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.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Leland average.
Solar Financing Terms
Most solar installers in Leland offer solar loans, which reduce the initial cost of installing solar panels.Though solar loans make switching to solar energy more accessible for Leland homeowners, they can also raise the total you pay for your system, depending on your interest rate. 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
Lastly, the company you get to install your solar panel system can affect your pricing. Leland’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Leland 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 | $16,986 | 11.2 years |
| 8 kW | $3.20 | $17,936 | $22,999 | 11.0 years |
| 10 kW | $3.14 | $21,980 | $29,188 | 10.7 years |
| 12 kW | $3.08 | $25,848 | $35,554 | 10.5 years |
| 14 kW | $3.01 | $29,541 | $42,095 | 10.3 years |
| 16 kW | $2.95 | $33,058 | $48,812 | 10.1 years |
| 18 kW | $2.89 | $36,399 | $55,704 | 9.9 years |
| 20 kW | $2.83 | $39,564 | $62,773 | 9.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar installer’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: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
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 Leland, MS Solar Cost FAQs
What is the average cost of installing solar panels in Leland?
The average cost of solar panels in Leland 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 things like the type 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 Leland?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Leland have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.