Solar Panel Cost Guide in Elmwood, LA (Nov 2022)

  • Elmwood Solar Installation Cost: $17,828
  • 25-Year Savings: $25,130
  • Payback Period: 10.4 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Elmwood

Find out how much it might cost to make the switch to solar in Elmwood.

In Elmwood, solar panels cost about $3 per watt on average. Because a 9.9-kW system is needed to cover the energy costs of a typical home in Elmwood, the average price of going solar will be about $17,828 before claiming the federal solar tax credit of 30%.

Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. Many homeowners find going solar is a rewarding investment. The average homeowner in Elmwood can save around $16,000 on their energy bills over 20 years.

To get a free estimate from a highly rated solar installation company in Elmwood, you can click the button below.

Solar savings over time in Elmwood

Year Return on Investment
1 years $-16,110
3 years $-12,673
5 years $-9,236
7 years $-5,800
9 years $-2,363
11 years $1,073
13 years $4,510
15 years $7,947
17 years $11,383
19 years $14,820
21 years $18,257
23 years $21,693
25 years $25,130

Top Solar Installers in Elmwood

Trying to put up solar panels on your own can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're unsure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Elmwood

Factors that Affect Solar Panel Costs in Elmwood

There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment

The size of the system you need is one of the largest factors that affects the overall cost of going solar. That's why it's a priority 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 pick also affects the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

If paying for a solar system out of pocket is out of reach, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back 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 operating throughout Elmwood, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.

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 $14,794 10.8 years
8 kW $2.62 $14,680 $20,013 10.6 years
10 kW $2.57 $17,990 $25,376 10.4 years
12 kW $2.52 $21,156 $30,883 10.2 years
14 kW $2.47 $24,179 $36,534 10.0 years
16 kW $2.42 $27,057 $42,329 9.7 years
18 kW $2.36 $29,791 $48,268 9.5 years
20 kW $2.31 $32,382 $54,350 9.3 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
  • Warranty: If you're worried about the endurance of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, completion timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Elmwood, LA Solar Cost FAQs

What is the average cost of installing solar panels in Elmwood?

The average cost of solar panels in Elmwood 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.

Is it better to lease or buy solar panels in Elmwood?

Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside 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 way to go if you want to maximize your savings.

Can you sell solar power back to the grid in Elmwood?

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 offer you credit toward your future power bills.

How often do you have to replace solar panels?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.

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.

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