Solar Panel Cost Guide in Ripley, MS (2024 Update)
- Ripley Solar Installation Cost: $19,190
- 25-Year Savings: $13,044
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Ripley
Let’s have a look at the average cost of solar in Ripley.
In Ripley, solar panels cost about 3 per watt on average.Using this figure, a typical 8.7-kW system would cost about $19,190 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Ripley homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $13,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar company in Ripley for a quote for your home.
Solar savings over time in Ripley
| Year | Return on Investment |
|---|---|
| 1 years | $-17,595 |
| 3 years | $-14,403 |
| 5 years | $-11,212 |
| 7 years | $-8,020 |
| 9 years | $-4,829 |
| 11 years | $-1,638 |
| 13 years | $1,554 |
| 15 years | $4,745 |
| 17 years | $7,937 |
| 19 years | $11,128 |
| 21 years | $14,320 |
| 23 years | $17,511 |
| 25 years | $20,702 |
Top Solar Installers in Ripley
Many homeowners choose to use a solar installation company since trying to put up solar panels yourself can be a lot of work. Another good thing about going with a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
If you're looking for a solar company in Ripley, the EcoWatch team has compiled a list of our top suggestions here:
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 Ripley
Factors that Affect Solar Panel Costs in Ripley
There are many 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 installs your solar panels.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,140. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Ripley, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Most solar companies in Ripley provide solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also adds to your total costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also fits within your budget.
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 | $6,337 | 17.1 years |
| 8 kW | $3.20 | $17,936 | $8,800 | 16.8 years |
| 10 kW | $3.14 | $21,980 | $11,440 | 16.4 years |
| 12 kW | $3.08 | $25,848 | $14,256 | 16.1 years |
| 14 kW | $3.01 | $29,541 | $17,247 | 15.8 years |
| 16 kW | $2.95 | $33,058 | $20,414 | 15.5 years |
| 18 kW | $2.89 | $36,399 | $23,757 | 15.1 years |
| 20 kW | $2.83 | $39,564 | $27,276 | 14.8 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 decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should go with, since different companies have different panels.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Contract: Before you sign a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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 Ripley, MS Solar Cost FAQs
What is the average cost of installing solar panels in Ripley?
This is a hard question to answer exactly, because the cost depends on a variety of 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 cost more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Ripley?
You can’t get solar panels for free in Ripley. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Ripley?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.