Solar Panel Cost Guide in Addis, LA (2023 Update)
- Addis Solar Installation Cost: $17,949
- 25-Year Savings: $27,851
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Addis
Find out how much it might cost to install solar panels in Addis.
While the national average of solar panels is $2.66 per watt, solar panels in Addis typically cost around 2.57. The average solar panel system size in Addis is around 10.0 kilowatts, meaning a cost of about $17,954 for a solar installation, or $25,674 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Addis based on a few factors, such as the type of solar panels you choose and the solar contractor you hire. But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on utility bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Addis
| Year | Return on Investment |
|---|---|
| 1 years | $-16,575 |
| 3 years | $-13,828 |
| 5 years | $-11,080 |
| 7 years | $-8,332 |
| 9 years | $-5,585 |
| 11 years | $-2,837 |
| 13 years | $-89 |
| 15 years | $2,658 |
| 17 years | $5,406 |
| 19 years | $8,154 |
| 21 years | $10,901 |
| 23 years | $13,649 |
| 25 years | $16,396 |
Top Solar Installers in Addis
Trying to install solar panels by yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're not certain what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you'd like to go solar but still aren't certain which solar system installer to go with, here are our suggestions for providers near you:
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 Addis
Factors that Affect Solar Panel Costs in Addis
While the average cost of a solar system in Addis is $17,954, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few 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 need 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 $2,570. The kind of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Addis have solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Addis is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Addis are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $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
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Companies that have been operating for many years 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 adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Addis, LA Solar Cost FAQs
How much does it cost to install solar panels in Addis?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,850 for a 5-kW system and $25,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Addis?
Solar panels aren't free in Addis, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Addis?
Solar panels can be a great 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 fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
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 larger 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.