Solar Panel Cost Guide in Natchez, MS (2024 Update)
- Natchez Solar Installation Cost: $18,219
- 25-Year Savings: $21,759
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Natchez
Find out how much it might cost to install solar panels in Natchez.
While the national average of solar panels is $2.66 per watt, solar panels in Natchez generally cost around 3.Using this figure, a typical 8.3-kW system would cost about $18,219 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Natchez based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
To get a free quote from a highly rated solar installation company in Natchez, you can click the button below.
Solar savings over time in Natchez
| Year | Return on Investment |
|---|---|
| 1 years | $-16,851 |
| 3 years | $-14,116 |
| 5 years | $-11,381 |
| 7 years | $-8,647 |
| 9 years | $-5,912 |
| 11 years | $-3,177 |
| 13 years | $-442 |
| 15 years | $2,293 |
| 17 years | $5,028 |
| 19 years | $7,763 |
| 21 years | $10,498 |
| 23 years | $13,232 |
| 25 years | $15,967 |
Top Solar Installers in Natchez
Trying to put up solar panels yourself can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you choose which one will be right for you.
If you're searching for a solar company in Natchez, the EcoWatch team has organized a list of our top suggestions here:
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 Natchez
Factors that Affect Solar Panel Costs in Natchez
There are a number of criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,140 per kilowatt in Natchez.There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Natchez to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.You’ll have to consider the long-term cost of loans, including the total 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 principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Natchez is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for example, there’s no shortage of solar installers that offer a range of services at different costs.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $13,123 | 12.8 years |
| 8 kW | $3.20 | $17,936 | $17,849 | 12.5 years |
| 10 kW | $3.14 | $21,980 | $22,751 | 12.3 years |
| 12 kW | $3.08 | $25,848 | $27,829 | 12.0 years |
| 14 kW | $3.01 | $29,541 | $33,083 | 11.8 years |
| 16 kW | $2.95 | $33,058 | $38,512 | 11.5 years |
| 18 kW | $2.89 | $36,399 | $44,117 | 11.3 years |
| 20 kW | $2.83 | $39,564 | $49,899 | 11.1 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: If you’re concerned about the durability of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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 Natchez, MS Solar Cost FAQs
How much does it cost to install solar panels in Natchez?
The average cost of solar panels in Natchez 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 type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is a crucial 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.
How will installing solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Natchez is currently $120,172, which means you can look forward to a value of about $4,927 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Natchez is a fruitful investment.
How many solar panels do I need to power 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.