Solar Panel Cost Guide in Chackbay, LA (2024 Update)
- Chackbay Solar Installation Cost: $26,373
- 25-Year Savings: $20,766
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Chackbay
See how much it might cost to make the switch to solar in Chackbay.
Although the national average of solar panels is $2.66 per watt, solar panels in Chackbay typically cost about 4.To cover the typical energy needs of the average home in Chackbay, most homeowners require a 9.9-kilowatt system. Using the figure above, a solar installation costs around $26,373, or $37,713 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more.But, after you've paid the initial cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $15,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Chackbay
| Year | Return on Investment |
|---|---|
| 1 years | $-25,064 |
| 3 years | $-22,445 |
| 5 years | $-19,827 |
| 7 years | $-17,208 |
| 9 years | $-14,590 |
| 11 years | $-11,971 |
| 13 years | $-9,353 |
| 15 years | $-6,734 |
| 17 years | $-4,116 |
| 19 years | $-1,497 |
| 21 years | $1,121 |
| 23 years | $3,740 |
| 25 years | $6,359 |
Top Solar Installers in Chackbay
Many homeowners opt for a solar installation company since figuring out how to install solar panels yourself can be hard. Another benefit of going with a solar company is that they can help you optimize your ROI by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you’d like to switch to solar energy but still aren’t certain which solar panel installer to go with, here are our suggestions for providers near you:
See all of the solar companies in Chackbay
Factors that Affect Solar Panel Costs in Chackbay
For many Chackbay homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Chackbay, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,800. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Chackbay, 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
Most solar companies in Chackbay provide solar loans, which reduce your upfront costs 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 can only 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 finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $6,762 | 17.8 years |
| 8 kW | $3.88 | $21,706 | $9,442 | 17.4 years |
| 10 kW | $3.80 | $26,600 | $12,335 | 17.1 years |
| 12 kW | $3.72 | $31,282 | $15,440 | 16.7 years |
| 14 kW | $3.65 | $35,750 | $18,758 | 16.4 years |
| 16 kW | $3.57 | $40,006 | $22,289 | 16.1 years |
| 18 kW | $3.50 | $44,050 | $26,033 | 15.7 years |
| 20 kW | $3.42 | $47,880 | $29,989 | 15.4 years |
How to Save on Solar Panels
There are a large number of companies available in Chackbay, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- 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 installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
EcoWatch's Chackbay, LA Solar Cost FAQs
How much does it cost to install solar panels in Chackbay?
This is a difficult question to answer precisely, 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Chackbay?
You can’t get solar panels for free in Chackbay. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Chackbay?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses 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 household 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.