Solar Panel Cost Guide in Denham Springs, LA (2023 Update)
- Denham Springs Solar Installation Cost: $17,936
- 25-Year Savings: $27,251
- Payback Period: 9.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Denham Springs
Find out what the average cost of solar panels are in Denham Springs.
Although the national average of solar panels is $2.66 per watt, solar panels in Denham Springs generally cost around 2.57. Since a 10.0-kW system is needed to cover the energy consumption of a typical home in Denham Springs, the average price of going solar will be about $17,936 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit depending 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 savings for most homeowners is usually rewarding, with a net average savings of about $17,000 over 20 years on electricity bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Denham Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-16,129 |
| 3 years | $-12,514 |
| 5 years | $-8,899 |
| 7 years | $-5,284 |
| 9 years | $-1,669 |
| 11 years | $1,946 |
| 13 years | $5,561 |
| 15 years | $9,176 |
| 17 years | $12,791 |
| 19 years | $16,406 |
| 21 years | $20,021 |
| 23 years | $23,636 |
| 25 years | $27,251 |
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:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 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 Equipment
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.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Denham Springs, LA Solar Cost FAQs
How much does it cost to install solar panels in Denham Springs?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $12,850 for a 5-kW system and $25,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Denham Springs have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.