Solar Panel Cost Guide in Denham Springs, LA (Feb 2023)
- Denham Springs Solar Installation Cost: $17,936
- 25-Year Savings: $27,251
- Payback Period: 9.9 Years
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Top Solar Installers in Denham Springs
Many homeowners choose to hire a solar installation company since figuring out how to install solar panels yourself can be a lot of work. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you're looking for a solar installer in Denham Springs, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Denham Springs
Factors that Affect Solar Panel Costs in Denham Springs
Even though the average cost of a solar system in Denham Springs is $17,936, your final cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Denham Springs average.
Solar Financing Terms
Most solar installers in Denham Springs provide 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 more than the principal cost. Making a larger down payment or securing 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 Denham Springs is the company you choose to install your solar system. As with choosing a company to install new cabinets, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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||$15,962||10.3 years|
|8 kW||$2.62||$14,680||$21,571||10.1 years|
|10 kW||$2.57||$17,990||$27,323||9.9 years|
|12 kW||$2.52||$21,156||$33,220||9.7 years|
|14 kW||$2.47||$24,179||$39,260||9.5 years|
|16 kW||$2.42||$27,057||$45,444||9.3 years|
|18 kW||$2.36||$29,791||$51,772||9.1 years|
|20 kW||$2.31||$32,382||$58,244||8.9 years|
How to Save on Solar Panels
There are a lot of companies to choose from in Denham Springs, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you'd like to install plays a part in which company you should go with, since different companies have access to different panels.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Contract: Before signing a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
EcoWatch's Denham Springs, LA Solar Cost FAQs
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.