Solar Panel Cost Guide in Wiggins, MS (2024 Update)
- Wiggins Solar Installation Cost: $18,209
- 25-Year Savings: $29,935
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Wiggins
Let’s take a look at the average cost of solar panels in Wiggins.
The national average cost of solar panels is $2.66 per watt, but in Wiggins it’s 3 per watt.The average solar panel system size in Wiggins is around 8.3 kilowatts, meaning a cost of about $18,209 for a solar installation, or $26,039 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Wiggins homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a fruitful investment. The average homeowner in Wiggins can save about $21,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar company in Wiggins for a customized estimate.
Solar savings over time in Wiggins
| Year | Return on Investment |
|---|---|
| 1 years | $-16,381 |
| 3 years | $-12,725 |
| 5 years | $-9,069 |
| 7 years | $-5,413 |
| 9 years | $-1,757 |
| 11 years | $1,899 |
| 13 years | $5,555 |
| 15 years | $9,212 |
| 17 years | $12,868 |
| 19 years | $16,524 |
| 21 years | $20,180 |
| 23 years | $23,836 |
| 25 years | $27,492 |
Top Solar Installers in Wiggins
Although it's possible to install solar panels by yourself, it involves extra time and knowledge. Because of that, almost all homeowners choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down 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 Wiggins
Factors that Affect Solar Panel Costs in Wiggins
For many Wiggins homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Wiggins, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require 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 brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Wiggins to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time because of interest.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 lower the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Wiggins, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Wiggins know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $19,053 | 10.5 years |
| 8 kW | $3.20 | $17,936 | $25,756 | 10.3 years |
| 10 kW | $3.14 | $21,980 | $32,634 | 10.1 years |
| 12 kW | $3.08 | $25,848 | $39,689 | 9.9 years |
| 14 kW | $3.01 | $29,541 | $46,919 | 9.7 years |
| 16 kW | $2.95 | $33,058 | $54,325 | 9.5 years |
| 18 kW | $2.89 | $36,399 | $61,907 | 9.3 years |
| 20 kW | $2.83 | $39,564 | $69,665 | 9.1 years |
How to Save on Solar Panels
There are numerous companies available in Wiggins, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous 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 Wiggins, MS Solar Cost FAQs
What is the average cost of installing solar panels in Wiggins?
The average cost of solar panels in Wiggins 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Wiggins?
Leasing solar panels can be an appealing choice, because it often 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 option if you want to get the most savings.
How will installing solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wiggins is currently $149,917, so you can look forward to a value of about $6,147 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wiggins is a rewarding investment.
How long do solar panels last in Wiggins?
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 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.