Solar Panel Cost Guide in Eden Isle, LA (2024 Update)
- Eden Isle Solar Installation Cost: $26,333
- 25-Year Savings: $29,269
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Eden Isle
Let’s have a look at the average cost of solar in Eden Isle.
In Eden Isle, solar panels cost about 4 per watt on average.To cover the typical energy usage of the average home in Eden Isle, most homeowners require a 9.9-kilowatt system. Using the figure above, a solar installation costs about $26,333, or $37,656 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what company you go with.Even with the high initial cost, the average Eden Isle homeowner can save around $18,000 on their energy bills over 20 years, which is one of the advantages of solar.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Eden Isle
| Year | Return on Investment |
|---|---|
| 1 years | $-24,756 |
| 3 years | $-21,600 |
| 5 years | $-18,445 |
| 7 years | $-15,290 |
| 9 years | $-12,135 |
| 11 years | $-8,979 |
| 13 years | $-5,824 |
| 15 years | $-2,669 |
| 17 years | $486 |
| 19 years | $3,642 |
| 21 years | $6,797 |
| 23 years | $9,952 |
| 25 years | $13,107 |
Top Solar Installers in Eden Isle
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring an installer can make switching to solar power much easier. Also, if you’d like to maximize your investment in solar energy, going with a solar company can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Eden Isle
Factors that Affect Solar Panel Costs in Eden Isle
Even though the average cost of a solar system in Eden Isle is $26,333, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of solar panels in Eden Isle, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past power bills. Your total cost can increase by about $3,800 for each additional kilowatt you need.The 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 in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Eden Isle average.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over five to seven years on average.Even though solar loans make adopting solar energy more accessible for Eden Isle 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 put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies operating in Eden Isle, and each can charge varying amounts for labor and equipment.Additionally, some companies in Eden Isle know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $11,935 | 14.5 years |
| 8 kW | $3.88 | $21,706 | $16,338 | 14.3 years |
| 10 kW | $3.80 | $26,600 | $20,955 | 14.0 years |
| 12 kW | $3.72 | $31,282 | $25,784 | 13.7 years |
| 14 kW | $3.65 | $35,750 | $30,827 | 13.4 years |
| 16 kW | $3.57 | $40,006 | $36,082 | 13.1 years |
| 18 kW | $3.50 | $44,050 | $41,549 | 12.9 years |
| 20 kW | $3.42 | $47,880 | $47,230 | 12.6 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
EcoWatch's Eden Isle, LA Solar Cost FAQs
What is the average cost of installing solar panels in Eden Isle?
The average cost of solar panels in Eden Isle is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Eden Isle?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Eden Isle?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity 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 generally produce about 250 to 400 watt-hours per hour, the average house 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.