Solar Panel Cost Guide in Hattiesburg, MS (2024 Update)
- Hattiesburg Solar Installation Cost: $18,141
- 25-Year Savings: $30,548
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Hattiesburg
Find out what the average cost of solar panel installation is in Hattiesburg.
The average cost of a solar system in Hattiesburg is 3 per watt.Using this figure, a typical 8.3-kW system would cost about $18,141 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Hattiesburg based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.Even with the high initial cost, the average Hattiesburg homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a vetted solar installer in Hattiesburg for a personalized quote.
Solar savings over time in Hattiesburg
| Year | Return on Investment |
|---|---|
| 1 years | $-16,316 |
| 3 years | $-12,665 |
| 5 years | $-9,014 |
| 7 years | $-5,363 |
| 9 years | $-1,712 |
| 11 years | $1,939 |
| 13 years | $5,590 |
| 15 years | $9,241 |
| 17 years | $12,892 |
| 19 years | $16,543 |
| 21 years | $20,194 |
| 23 years | $23,845 |
| 25 years | $27,495 |
Top Solar Installers in Hattiesburg
Although you can install solar panels on your own, it involves extra energy and know-how. Because of that, the majority of homeowners choose to hire a solar panel installer. Another benefit of working with a solar company is that they can help you optimize your return of investment by cutting back on future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our recommendations for providers nearby:
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 Hattiesburg
Factors that Affect Solar Panel Costs in Hattiesburg
Although the average cost of a solar system in Hattiesburg is $18,141, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,140.The 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. On the other hand, more efficient panels could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Hattiesburg average.
Solar Financing Terms
Many homeowners find the average cost of solar in Hattiesburg to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.However, the interest on solar loans also adds to your overall costs, so it’s important to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in Hattiesburg, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $19,580 | 10.3 years |
| 8 kW | $3.20 | $17,936 | $26,458 | 10.1 years |
| 10 kW | $3.14 | $21,980 | $33,512 | 9.9 years |
| 12 kW | $3.08 | $25,848 | $40,742 | 9.7 years |
| 14 kW | $3.01 | $29,541 | $48,148 | 9.5 years |
| 16 kW | $2.95 | $33,058 | $55,730 | 9.3 years |
| 18 kW | $2.89 | $36,399 | $63,487 | 9.1 years |
| 20 kW | $2.83 | $39,564 | $71,420 | 8.9 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your total 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 take into account, such as:
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: If you’re worried about the longevity of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
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 Hattiesburg, MS Solar Cost FAQs
What is the average cost of installing solar panels in Hattiesburg?
The average cost of solar panels in Hattiesburg 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from 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 cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Hattiesburg?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 get 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.