Solar Panel Cost Guide in Berwick, LA (2024 Update)
- Berwick Solar Installation Cost: $26,390
- 25-Year Savings: $25,724
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Berwick
Here’s how much it might cost to install solar panels in Berwick.
The average cost of solar panels in Berwick is 4 per watt.To cover the typical energy usage of the average home in Berwick, most homeowners require a 9.9-kilowatt system. Using the figure above, a solar installation costs about $26,390, or $37,738 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy usage and what installation company you go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $17,000 over 20 years on power bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Berwick
| Year | Return on Investment |
|---|---|
| 1 years | $-24,812 |
| 3 years | $-21,657 |
| 5 years | $-18,502 |
| 7 years | $-15,347 |
| 9 years | $-12,191 |
| 11 years | $-9,036 |
| 13 years | $-5,881 |
| 15 years | $-2,726 |
| 17 years | $429 |
| 19 years | $3,585 |
| 21 years | $6,740 |
| 23 years | $9,895 |
| 25 years | $13,050 |
Top Solar Installers in Berwick
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be a lot of work. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for you.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Berwick
Factors that Affect Solar Panel Costs in Berwick
For many Berwick homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Berwick, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,800. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Berwick to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time due to interest.However, the interest on solar loans also increases your overall costs, so it’s important to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Berwick, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $9,753 | 15.7 years |
| 8 kW | $3.88 | $21,706 | $13,429 | 15.4 years |
| 10 kW | $3.80 | $26,600 | $17,318 | 15.1 years |
| 12 kW | $3.72 | $31,282 | $21,420 | 14.8 years |
| 14 kW | $3.65 | $35,750 | $25,735 | 14.5 years |
| 16 kW | $3.57 | $40,006 | $30,263 | 14.2 years |
| 18 kW | $3.50 | $44,050 | $35,003 | 13.9 years |
| 20 kW | $3.42 | $47,880 | $39,956 | 13.6 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies have different brands and models of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
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 Berwick, LA Solar Cost FAQs
How much does it cost to install solar panels in Berwick?
This is a difficult question to answer exactly, because the cost depends on a few different 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Berwick?
Leasing solar panels can be an option if you are unable to pay upfront or get 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 bang for your buck from going solar.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $878.36 per year.
How often do you have to replace solar panels?
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 amount 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.