Solar Panel Cost Guide in Louisburg, KS (2024 Update)
- Louisburg Solar Installation Cost: $18,247
- 25-Year Savings: $27,468
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Louisburg
We break down average solar pricing in Louisburg.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Louisburg, the average cost of solar panels is 3 per watt.To cover the typical energy usage of the average home in Louisburg, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs around $18,247, or $26,093 before the federal solar tax credit of 0 is applied.
These figures are only averages, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you want to go with.But, once you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on energy bills.
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Solar savings over time in Louisburg
| Year | Return on Investment |
|---|---|
| 1 years | $-16,863 |
| 3 years | $-14,095 |
| 5 years | $-11,328 |
| 7 years | $-8,560 |
| 9 years | $-5,792 |
| 11 years | $-3,024 |
| 13 years | $-256 |
| 15 years | $2,512 |
| 17 years | $5,280 |
| 19 years | $8,047 |
| 21 years | $10,815 |
| 23 years | $13,583 |
| 25 years | $16,351 |
Top Solar Installers in Louisburg
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make your swap to solar power much easier. Another great thing about going with a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Louisburg
Factors that Affect Solar Panel Costs in Louisburg
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Louisburg: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy 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 about $3,340 per kilowatt in Louisburg.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Louisburg average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Louisburg homeowners decide to finance their solar panel systems to make paying for solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better 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 discount can bring their pricing down 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 | $3.47 | $14,589 | $17,405 | 11.4 years |
| 8 kW | $3.41 | $19,078 | $23,581 | 11.2 years |
| 10 kW | $3.34 | $23,380 | $29,944 | 11.0 years |
| 12 kW | $3.27 | $27,495 | $36,494 | 10.7 years |
| 14 kW | $3.21 | $31,423 | $43,231 | 10.5 years |
| 16 kW | $3.14 | $35,164 | $50,155 | 10.3 years |
| 18 kW | $3.07 | $38,717 | $57,266 | 10.1 years |
| 20 kW | $3.01 | $42,084 | $64,564 | 9.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Louisburg, KS Solar Cost FAQs
What is the average cost of installing solar panels in Louisburg?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $16,700 for a 5-kW system and $33,400 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 higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Louisburg?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.