Solar Panel Cost Guide in Eastwood, LA (2023 Update)
- Eastwood Solar Installation Cost: $18,386
- 25-Year Savings: $23,936
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Eastwood
Let's take a look at the average cost of solar in Eastwood.
While the national average of solar panels is $2.66 per watt, solar panels in Eastwood generally cost about 2.57. The average solar panel system size in Eastwood is around 10.2 kilowatts, meaning a cost of about $18,386 for a solar installation, or $26,292 before the 30% federal solar tax credit is applied.
These figures are just averages, and your own solar costs may differ based on your energy needs and what company you choose to go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Eastwood can save around $16,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar installer in Eastwood, you can click the button below.
Solar savings over time in Eastwood
| Year | Return on Investment |
|---|---|
| 1 years | $-16,693 |
| 3 years | $-13,307 |
| 5 years | $-9,921 |
| 7 years | $-6,536 |
| 9 years | $-3,150 |
| 11 years | $236 |
| 13 years | $3,622 |
| 15 years | $7,007 |
| 17 years | $10,393 |
| 19 years | $13,779 |
| 21 years | $17,164 |
| 23 years | $20,550 |
| 25 years | $23,936 |
Top Solar Installers in Eastwood
Although it's possible to install solar panels on your own, it requires extra effort and know-how. For that reason, most homeowners choose to go with a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Eastwood
Factors that Affect Solar Panel Costs in Eastwood
The cost of installing a solar system in Eastwood can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Eastwood, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by around $2,570 for each additional kilowatt you need. The kind 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. Moreover, 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 looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Eastwood offer solar loans, which reduce the initial cost of installing solar. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Eastwood, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $13,610 | 11.3 years |
| 8 kW | $2.62 | $14,680 | $18,434 | 11.1 years |
| 10 kW | $2.57 | $17,990 | $23,403 | 10.9 years |
| 12 kW | $2.52 | $21,156 | $28,515 | 10.6 years |
| 14 kW | $2.47 | $24,179 | $33,771 | 10.4 years |
| 16 kW | $2.42 | $27,057 | $39,171 | 10.2 years |
| 18 kW | $2.36 | $29,791 | $44,715 | 10.0 years |
| 20 kW | $2.31 | $32,382 | $50,403 | 9.8 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. Because picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Eastwood, LA Solar Cost FAQs
What is the average cost of installing solar panels in Eastwood?
The average cost of solar panels in Eastwood is about $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Eastwood?
A solar panel system isn't free in Eastwood, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Eastwood have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for 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 account for 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.