Solar Panel Cost Guide in Eunice, LA (2024 Update)
- Eunice Solar Installation Cost: $26,370
- 25-Year Savings: $28,616
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Eunice
See how much it might cost to go solar in Eunice.
While the national average of solar panels is $2.66 per watt, solar panels in Eunice generally cost around 4.Using this figure, a typical 9.9-kW system would cost about $26,370 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Eunice depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Eunice can save about $18,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Eunice that can help you get a more accurate cost estimate for your home.
Solar savings over time in Eunice
| Year | Return on Investment |
|---|---|
| 1 years | $-24,793 |
| 3 years | $-21,637 |
| 5 years | $-18,482 |
| 7 years | $-15,327 |
| 9 years | $-12,172 |
| 11 years | $-9,016 |
| 13 years | $-5,861 |
| 15 years | $-2,706 |
| 17 years | $449 |
| 19 years | $3,605 |
| 21 years | $6,760 |
| 23 years | $9,915 |
| 25 years | $13,070 |
Top Solar Installers in Eunice
Many homeowners decide to hire a solar installer since trying to install solar panels yourself can be time-consuming. Another perk of using a solar installer is that they can help you maximize your investment by bringing down your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Eunice
Factors that Affect Solar Panel Costs in Eunice
Although the average cost of a solar system in Eunice is $26,370, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,800.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Eunice, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Eunice, and each can charge different amounts for labor and equipment.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have 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 companies.
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 | $11,515 | 14.8 years |
| 8 kW | $3.88 | $21,706 | $15,779 | 14.5 years |
| 10 kW | $3.80 | $26,600 | $20,255 | 14.2 years |
| 12 kW | $3.72 | $31,282 | $24,945 | 13.9 years |
| 14 kW | $3.65 | $35,750 | $29,847 | 13.6 years |
| 16 kW | $3.57 | $40,006 | $34,962 | 13.3 years |
| 18 kW | $3.50 | $44,050 | $40,290 | 13.1 years |
| 20 kW | $3.42 | $47,880 | $45,830 | 12.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: If you care about the longevity of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
EcoWatch's Eunice, LA Solar Cost FAQs
How much does it cost to install solar panels in Eunice?
The average cost of solar panels in Eunice 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Eunice?
You can’t get solar panels for free in Eunice. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Eunice?
Each state has some form 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 long do solar panels last in Eunice?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose 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.