Solar Panel Cost Guide in Farmerville, LA (2023 Update)
- Farmerville Solar Installation Cost: $18,476
- 25-Year Savings: $21,990
- Payback Period: 11.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Farmerville
Let's take a look at the average cost of solar panels in Farmerville.
While the national average of solar panels is $2.66 per watt, solar panels in Farmerville typically cost about 2.57. The average Farmerville homeowner needs a 10.3-kilowatt system, which would cost about $18,476 with the federal tax credit, or $26,421 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Farmerville homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a sound investment. The average homeowner in Farmerville can save around $15,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar company in Farmerville for a quote for your home.
Solar savings over time in Farmerville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,857 |
| 3 years | $-13,620 |
| 5 years | $-10,383 |
| 7 years | $-7,145 |
| 9 years | $-3,908 |
| 11 years | $-671 |
| 13 years | $2,566 |
| 15 years | $5,804 |
| 17 years | $9,041 |
| 19 years | $12,278 |
| 21 years | $15,515 |
| 23 years | $18,753 |
| 25 years | $21,990 |
Top Solar Installers in Farmerville
Installing solar panels yourself can be a challenging undertaking, which is why hiring a solar installer is a good option for many homeowners. Plus, if you'd like to maximize your investment in solar, opting for a solar company can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Farmerville
Factors that Affect Solar Panel Costs in Farmerville
There are several factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The model of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Farmerville provide solar loans, which reduce your upfront costs of installing a solar system. Although solar loans make adopting solar energy more accessible for Farmerville homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Farmerville, you'll have many options to choose from, but each comes at different price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that offers the products, warranties and services you want and also fits within your budget.
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 | $12,414 | 11.9 years |
| 8 kW | $2.62 | $14,680 | $16,840 | 11.6 years |
| 10 kW | $2.57 | $17,990 | $21,410 | 11.4 years |
| 12 kW | $2.52 | $21,156 | $26,123 | 11.2 years |
| 14 kW | $2.47 | $24,179 | $30,981 | 11.0 years |
| 16 kW | $2.42 | $27,057 | $35,983 | 10.7 years |
| 18 kW | $2.36 | $29,791 | $41,128 | 10.5 years |
| 20 kW | $2.31 | $32,382 | $46,417 | 10.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Warranty: If you're concerned about the longevity of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The model of solar panel you want plays a role in which company you should opt for, since different companies provide different panels.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
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 Farmerville, LA Solar Cost FAQs
How much does it cost to install solar panels in Farmerville?
This is a hard question to answer exactly, 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 other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Farmerville?
Leasing solar panels can be an option if you can't 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 property 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 financial benefits from going solar.
How will having solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Farmerville is currently $110,000, which means you could be looking at a value of about $4,510 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Farmerville is a worthwhile investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.