Solar Panel Cost Guide in Dequincy, LA (Mar 2023)
- Dequincy Solar Installation Cost: $17,864
- 25-Year Savings: $30,542
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Dequincy
Find out what the average cost of solar panels are in Dequincy.
In Dequincy, solar panels cost about 2.57 per watt on average. The average Dequincy homeowner needs a 9.9-kilowatt system, which would cost about $17,864 with the federal tax credit, or $25,546 before the 30% tax credit is applied.
The true cost of your system can go above or below the average in Dequincy based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. 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 $19,000 over 20 years on electricity bills.
To receive a free quote from a pre-vetted solar company in Dequincy, you can click the button below.
Solar savings over time in Dequincy
| Year | Return on Investment |
|---|---|
| 1 years | $-15,928 |
| 3 years | $-12,055 |
| 5 years | $-8,183 |
| 7 years | $-4,310 |
| 9 years | $-438 |
| 11 years | $3,434 |
| 13 years | $7,307 |
| 15 years | $11,179 |
| 17 years | $15,052 |
| 19 years | $18,924 |
| 21 years | $22,797 |
| 23 years | $26,669 |
| 25 years | $30,542 |
Top Solar Installers in Dequincy
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of a solar company can make swapping over to solar power much easier. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for your family.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Dequincy
Factors that Affect Solar Panel Costs in Dequincy
There are several factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel 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 $2,570. The model of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. Even though solar loans make going solar more accessible for Dequincy homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can play a part in determining the cost. Dequincy's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $2.67 | $11,226 | $18,028 | 9.6 years |
| 8 kW | $2.62 | $14,680 | $24,325 | 9.4 years |
| 10 kW | $2.57 | $17,990 | $30,766 | 9.2 years |
| 12 kW | $2.52 | $21,156 | $37,351 | 9.0 years |
| 14 kW | $2.47 | $24,179 | $44,080 | 8.9 years |
| 16 kW | $2.42 | $27,057 | $50,953 | 8.7 years |
| 18 kW | $2.36 | $29,791 | $57,970 | 8.5 years |
| 20 kW | $2.31 | $32,382 | $65,130 | 8.3 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 a challenge, we have some tips to help you, such as:
- Warranty: If you're worried about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Dequincy, LA Solar Cost FAQs
What is the average cost of installing solar panels in Dequincy?
The average cost of solar panels in Dequincy is about $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Dequincy?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Dequincy, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.