Solar Panel Cost Guide in Addis, LA (Mar 2023)
- Addis Solar Installation Cost: $17,954
- 25-Year Savings: $27,846
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Addis
Let's have a look at the average cost of solar panels in Addis.
While the national average of solar panels is $2.66 per watt, solar panels in Addis typically cost about 2.57. The average Addis homeowner needs a 10.0-kilowatt system, which would cost about $17,954 with the federal tax credit, or $25,674 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. With typical savings of about $17,000 on power bills over 20 years, many homeowners in Addis find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar company in Addis that can help you get a more accurate cost estimate for your home.
Solar savings over time in Addis
| Year | Return on Investment |
|---|---|
| 1 years | $-16,122 |
| 3 years | $-12,458 |
| 5 years | $-8,794 |
| 7 years | $-5,130 |
| 9 years | $-1,466 |
| 11 years | $2,198 |
| 13 years | $5,862 |
| 15 years | $9,526 |
| 17 years | $13,190 |
| 19 years | $16,854 |
| 21 years | $20,518 |
| 23 years | $24,182 |
| 25 years | $27,846 |
Top Solar Installers in Addis
When going solar, many homeowners prefer to use a solar company since installing a solar system yourself can be a challenging project. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar company in Addis, the EcoWatch team has put together a list of our top suggestions here:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Addis
Factors that Affect Solar Panel Costs in Addis
There are a number of criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Addis, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,570 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Addis, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Addis, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Addis is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services at different price points. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.67 | $11,226 | $16,317 | 10.2 years |
| 8 kW | $2.62 | $14,680 | $22,043 | 10.0 years |
| 10 kW | $2.57 | $17,990 | $27,914 | 9.8 years |
| 12 kW | $2.52 | $21,156 | $33,928 | 9.6 years |
| 14 kW | $2.47 | $24,179 | $40,087 | 9.4 years |
| 16 kW | $2.42 | $27,057 | $46,389 | 9.2 years |
| 18 kW | $2.36 | $29,791 | $52,836 | 9.0 years |
| 20 kW | $2.31 | $32,382 | $59,426 | 8.8 years |
How to Save on Solar Panels
There are many companies available in Addis, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Addis, LA Solar Cost FAQs
How much does it cost to install solar panels in Addis?
The average cost of solar panels in Addis is about $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the actual 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 use.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Addis have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Addis?
On average, the lifespan of solar panels is 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.