Solar Panel Cost Guide in Bossier City, LA (2024 Update)
- Bossier City Solar Installation Cost: $27,168
- 25-Year Savings: $26,817
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Bossier City
Let’s have a look at the average cost of solar panels in Bossier City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bossier City, the typical cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Bossier City, most homeowners require a 10.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $27,168, or $38,850 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 quite a bit based on multiple factors, such as what size system you need, your energy usage and what installation company you go with.Even with the high upfront cost, the average Bossier City homeowner can save around $17,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar company in Bossier City that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bossier City
| Year | Return on Investment |
|---|---|
| 1 years | $-25,665 |
| 3 years | $-22,658 |
| 5 years | $-19,651 |
| 7 years | $-16,645 |
| 9 years | $-13,638 |
| 11 years | $-10,631 |
| 13 years | $-7,625 |
| 15 years | $-4,618 |
| 17 years | $-1,611 |
| 19 years | $1,395 |
| 21 years | $4,402 |
| 23 years | $7,409 |
| 25 years | $10,415 |
Top Solar Installers in Bossier City
Many homeowners opt for a solar panel installer since installing solar panels yourself can be hard. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Bossier City
Factors that Affect Solar Panel Costs in Bossier City
For many Bossier City homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Bossier City, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Bossier City, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by about $3,800 for each additional kilowatt you need.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Bossier City to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.Although solar loans make switching to solar energy more accessible for Bossier City homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — 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’re looking for and also fits 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 | $3.95 | $16,598 | $9,949 | 15.6 years |
| 8 kW | $3.88 | $21,706 | $13,691 | 15.3 years |
| 10 kW | $3.80 | $26,600 | $17,646 | 15.0 years |
| 12 kW | $3.72 | $31,282 | $21,814 | 14.7 years |
| 14 kW | $3.65 | $35,750 | $26,194 | 14.4 years |
| 16 kW | $3.57 | $40,006 | $30,788 | 14.1 years |
| 18 kW | $3.50 | $44,050 | $35,594 | 13.8 years |
| 20 kW | $3.42 | $47,880 | $40,612 | 13.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- 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 how long it will take.
- Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
EcoWatch's Bossier City, LA Solar Cost FAQs
How much does it cost to install solar panels in Bossier City?
This is a difficult question to answer precisely, 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Bossier City?
A solar panel system isn’t free in Bossier City, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Bossier City?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.