Benefits of Solar Energy
Solar energy offers several advantages that will enhance your home for years to come.
- Better energy independence: Solar panel systems can keep your home functioning through emergencies and blackouts, giving you additional security. You can use your solar energy anytime with an optional battery backup system.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, minimizing your periodic electricity costs. Going off-grid can eliminate your bills completely. Plus, a significant amount of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
What Solar Incentives Are Available to Hattiesburg Homeowners?
Governments and utilities often reward homeowners for embracing solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Rebate Program
Website: southernpine.coopIncentive Amount:
Comfort Advantage Plus Home: $500
Comfort Advantage Home: $300
Additional Heat Pump: $150/Unit
Additional Geothermal HVAC: $500/Unit
Incentive Type: Rebate Program
Website: prvepa.comIncentive Amount:
New Homes
Heat Pump: $400
Electric Water Heater: $150
Existing Homes
Heat Pump: $400
Gas to Electric Water Heater Conversion: $150
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Hattiesburg
The more informed your company research is, the better your solar panels will ultimately perform. Consider all of these factors in your contractor search.
Licensing and Training
Mississippi requires that solar contractors carry a Solar and Wind Construction classification on a per-job basis. Jobs valued at under $50,000 may be exempt from licensure requirements. A contractor may also need an electrical or plumbing certification if either portion of related work exceeds $50,000 in value. Solar installers can also pursue certifications from standards organizations and trade groups. The most recognized ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Hattiesburg
The type of solar panels you choose decides how much electricity you can generate. Monocrystalline panels and high-quality and cost more but give you the best performance. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
Additional components, such as battery storage and electric vehicle (EV) chargers, will increase your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies include these additional features, so look for a company that installs them if it's important for you.
Generally speaking, it will cost about $15,700 for a five-kilowatt solar array in Hattiesburg. This table displays more specific prices for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,017 |
Solar Polycrystalline | $793 |
Thin-Film | $464 |
Solar Battery | $651 |
Solar Home EV Charger | $2,441 |
Financing Solar Energy in Hattiesburg
Solar installers use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar loans, power purchase agreements (PPAs), solar leases and cash payments. We suggest making a cash payment or using a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar panel incentives to reduce your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, akin to an electric bill. We typically don’t recommend these two options because you won't own the solar system and cannot use solar incentives. Look for providers that offer multiple payment plans to find the right fit for your wallet.
The table below lists the average payback periods for different capacities of solar systems in Hattiesburg.
You are eligible for a 26% federal solar tax credit for new solar energy devices until the year 2032. City and state officials and utility companies might also offer discounts, rebates, and unique financing solutions that could save you more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.1 years |
2 kW | 4.2 years |
5 kW | 10.5 years |
10 kW | 21.0 years |
Ready to Get a Quote on Your Solar Project?
Please enter a valid 5-digit zip code!
Frequently Asked Questions About Solar in Hattiesburg
How much energy and money could I save per year by switching to solar?
Is solar energy widely available in Hattiesburg?
Will a solar PV system increase my Hattiesburg home value?
Could I still use solar power if I live in a wooded, dark, or rainy area?
What maintenance do my solar panels need, and how often do they need it?
What size should my new Hattiesburg solar system be?
How can I enhance my solar system's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
What is "net metering," and how does it work?
Some states or power companies require you to join net metering when purchasing your solar system, while others give you a choice. Either way, once you join, you'll get a check or bill credit for your excess generation at a wholesale or retail rate.
To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.