Solar Panel Cost Guide in Eunice, LA (2023 Update)
- Eunice Solar Installation Cost: $17,835
- 25-Year Savings: $28,616
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Eunice
We go over average solar pricing in Eunice.
While the national average of solar panels is $2.66 per watt, solar panels in Eunice typically cost about 2.57. Using this figure, a typical 9.9-kW system would cost about $17,828 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs may look different based on factors unique to your home and what company you choose to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Eunice can save about $18,000 on their energy bills over 20 years.
To receive a free estimate from a highly rated solar company in Eunice, you can click the button below.
Solar savings over time in Eunice
| Year | Return on Investment |
|---|---|
| 1 years | $-16,257 |
| 3 years | $-13,102 |
| 5 years | $-9,946 |
| 7 years | $-6,791 |
| 9 years | $-3,636 |
| 11 years | $-481 |
| 13 years | $2,675 |
| 15 years | $5,830 |
| 17 years | $8,985 |
| 19 years | $12,140 |
| 21 years | $15,295 |
| 23 years | $18,451 |
| 25 years | $21,606 |
Top Solar Installers in Eunice
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using a solar company can make your swap to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for you.
If you're searching for a solar company in Eunice, the EcoWatch team has put together a list of our top suggestions here:
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 Eunice
Factors that Affect Solar Panel Costs in Eunice
There are a number of criteria 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 installs your solar panels.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,570. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Eunice, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Eunice offer solar loans, which reduce the initial cost of installing solar. Even though solar loans make adopting solar energy more accessible for Eunice homeowners, they can also add to 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
Lastly, the company you opt for to install your solar panels can influence how much you pay. Eunice's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Eunice are more knowledgeable about local solar incentives and can help you take advantage 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 | $2.67 | $11,226 | $16,887 | 10.0 years |
| 8 kW | $2.62 | $14,680 | $22,804 | 9.8 years |
| 10 kW | $2.57 | $17,990 | $28,865 | 9.6 years |
| 12 kW | $2.52 | $21,156 | $35,070 | 9.4 years |
| 14 kW | $2.47 | $24,179 | $41,419 | 9.2 years |
| 16 kW | $2.42 | $27,057 | $47,911 | 9.0 years |
| 18 kW | $2.36 | $29,791 | $54,548 | 8.8 years |
| 20 kW | $2.31 | $32,382 | $61,328 | 8.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- 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.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
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 Eunice, LA Solar Cost FAQs
How much does it cost to install solar panels in Eunice?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,850 for a 5-kW system and $25,700 for a 10-kW system after the ITC is applied. You can expect to pay 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 go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Eunice?
Leasing solar panels can be an option if you can't 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 savings from going solar.
Is it worth going solar in Eunice?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Eunice?
Although 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 their energy production will have decreased significantly after that point. You can opt to replace them once you've had 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.