Solar Panel Cost Guide in Vicksburg, MS (2024 Update)
- Vicksburg Solar Installation Cost: $18,207
- 25-Year Savings: $15,979
- Payback Period: 10.5 Years
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Average Cost of Solar Panels in Vicksburg
See how much it might cost to go solar in Vicksburg.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Vicksburg, the average cost of a solar system is 3 per watt.Using this figure, a typical 8.3-kW system would cost about $18,207 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 may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more.Despite the significant initial cost, the average Vicksburg homeowner can save about $20,000 on their power bills over 20 years, which is one of the positives of solar.
To get a free quote from a pre-vetted solar company in Vicksburg, you can click the button below.
Solar savings over time in Vicksburg
| Year | Return on Investment |
|---|---|
| 1 years | $-16,840 |
| 3 years | $-14,105 |
| 5 years | $-11,370 |
| 7 years | $-8,635 |
| 9 years | $-5,900 |
| 11 years | $-3,166 |
| 13 years | $-431 |
| 15 years | $2,304 |
| 17 years | $5,039 |
| 19 years | $7,774 |
| 21 years | $10,509 |
| 23 years | $13,244 |
| 25 years | $15,979 |
Top Solar Installers in Vicksburg
When switching to solar energy, many homeowners decide to use a solar company since DIY solar panel installation can be a time-consuming project. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our recommendations for providers nearby:
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 Vicksburg
Factors that Affect Solar Panel Costs in Vicksburg
There are a number of criteria that can determine your 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
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,140 per kilowatt in Vicksburg.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, higher efficiency could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Vicksburg average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Vicksburg, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can play a part in determining the cost. Vicksburg’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $17,597 | 11.0 years |
| 8 kW | $3.20 | $17,936 | $23,815 | 10.7 years |
| 10 kW | $3.14 | $21,980 | $30,208 | 10.5 years |
| 12 kW | $3.08 | $25,848 | $36,777 | 10.3 years |
| 14 kW | $3.01 | $29,541 | $43,522 | 10.1 years |
| 16 kW | $2.95 | $33,058 | $50,443 | 9.9 years |
| 18 kW | $2.89 | $36,399 | $57,540 | 9.7 years |
| 20 kW | $2.83 | $39,564 | $64,812 | 9.5 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should opt for, since different companies have access to different panels.
- Contract: Before signing a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
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 Vicksburg, MS Solar Cost FAQs
How much does it cost to install solar panels in Vicksburg?
The average cost of solar panels in Vicksburg 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a crucial 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 be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Vicksburg have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger 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.