Solar Panel Cost Guide in Eden Isle, LA (2023 Update)
- Eden Isle Solar Installation Cost: $17,810
- 25-Year Savings: $29,268
- Payback Period: 9.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Eden Isle
Find out what the average cost of solar panel installation is in Eden Isle.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Eden Isle, the average cost of solar panels is 2.57 per watt. Because a 9.9-kW system is needed to cover the energy costs of a typical home in Eden Isle, the average price of going solar will be about $17,810 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with. Even with the significant upfront cost, the average Eden Isle homeowner can save around $18,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar panel company in your area for a custom estimate.
Solar savings over time in Eden Isle
| Year | Return on Investment |
|---|---|
| 1 years | $-15,927 |
| 3 years | $-12,161 |
| 5 years | $-8,394 |
| 7 years | $-4,628 |
| 9 years | $-862 |
| 11 years | $2,904 |
| 13 years | $6,671 |
| 15 years | $10,437 |
| 17 years | $14,203 |
| 19 years | $17,969 |
| 21 years | $21,736 |
| 23 years | $25,502 |
| 25 years | $29,268 |
Top Solar Installers in Eden Isle
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be time-consuming. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're searching for a solar company in Eden Isle, we've compiled 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 Eden Isle
Factors that Affect Solar Panel Costs in Eden Isle
Although the average cost of a solar system in Eden Isle is $17,810, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines 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 average energy use. There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Eden Isle, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. Although solar loans make going solar more accessible for Eden Isle homeowners, they can also raise the total you pay for your system due to interest. 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 remaining major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Eden Isle, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $17,307 | 9.8 years |
| 8 kW | $2.62 | $14,680 | $23,364 | 9.6 years |
| 10 kW | $2.57 | $17,990 | $29,565 | 9.5 years |
| 12 kW | $2.52 | $21,156 | $35,910 | 9.3 years |
| 14 kW | $2.47 | $24,179 | $42,398 | 9.1 years |
| 16 kW | $2.42 | $27,057 | $49,031 | 8.9 years |
| 18 kW | $2.36 | $29,791 | $55,808 | 8.7 years |
| 20 kW | $2.31 | $32,382 | $62,728 | 8.5 years |
How to Save on Solar Panels
The solar panel company you opt for will affect 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 some important things you should consider, such as:
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which company you should opt for, since different companies offer different panels.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Installation Process: When making the switch to solar energy, it's essential to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the completion timeline.
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 Eden Isle, LA Solar Cost FAQs
What is the average cost of installing solar panels in Eden Isle?
This is a tough question to answer precisely, 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 extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
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 get 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 a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.