Solar Panel Cost Guide in Addis, LA (2024 Update)
- Addis Solar Installation Cost: $26,539
- 25-Year Savings: $27,851
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Addis
Find out what the average cost of solar panel installation is in Addis.
The national average cost of solar panels is $2.66 per watt, but in Addis it’s 4 per watt.Since a 10.0-kW system is needed to cover the energy usage of a typical home in Addis, the average price of going solar will be about $26,539 after claiming the federal solar tax credit of 0.
The true price you pay can be higher or lower than the average in Addis based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Addis can save about $17,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in Addis for a customized quote.
Solar savings over time in Addis
| Year | Return on Investment |
|---|---|
| 1 years | $-25,166 |
| 3 years | $-22,418 |
| 5 years | $-19,670 |
| 7 years | $-16,923 |
| 9 years | $-14,175 |
| 11 years | $-11,427 |
| 13 years | $-8,680 |
| 15 years | $-5,932 |
| 17 years | $-3,184 |
| 19 years | $-437 |
| 21 years | $2,311 |
| 23 years | $5,058 |
| 25 years | $7,806 |
Top Solar Installers in Addis
Although you can install solar panels yourself, it involves extra effort and handiness. That's one of the reasons most homeowners choose a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you opt for a solar company as well, which can save you more money over time.
If you’d like to go solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers in Addis:
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
The cost of installing a solar system in Addis can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 in the long run on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Addis average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Addis homeowners decide to finance their solar panel systems to make paying for solar more affordable.When figuring out 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
Finally, the company you opt for to install your solar panel system can play a role in determining the cost. Addis’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.95 | $16,598 | $10,944 | 15.1 years |
| 8 kW | $3.88 | $21,706 | $15,018 | 14.8 years |
| 10 kW | $3.80 | $26,600 | $19,304 | 14.5 years |
| 12 kW | $3.72 | $31,282 | $23,803 | 14.2 years |
| 14 kW | $3.65 | $35,750 | $28,515 | 13.9 years |
| 16 kW | $3.57 | $40,006 | $33,440 | 13.6 years |
| 18 kW | $3.50 | $44,050 | $38,577 | 13.3 years |
| 20 kW | $3.42 | $47,880 | $43,928 | 13.0 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- 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 how part repairs and replacements will be handled.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
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 difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $19,000 for a 5-kW system and $38,000 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, 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 Addis?
Leasing solar panels can be an option if you are unable to 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 property 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 bang for your buck from going solar.
How will solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Addis is currently $259,367, which means you can expect a value of about $10,634 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Addis is a fruitful investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.