Solar Panel Cost Guide in Franklinton, LA (2025 Update)
- Franklinton Solar Installation Cost: $26,486
- 25-Year Savings: $26,598
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Franklinton
Find out what the average cost of solar panel installation is in Franklinton.
The national average cost of solar panels is $2.66 per watt, but in Franklinton it’s 4 per watt.To cover the typical energy needs of the average home in Franklinton, most homeowners require a 10.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $26,486, or $37,875 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of equipment you choose, your solar contractor and more.With typical savings of about $17,000 on utility bills over 20 years, many homeowners in Franklinton find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Franklinton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Franklinton
Year | Return on Investment |
---|---|
1 years | $-24,908 |
3 years | $-21,753 |
5 years | $-18,597 |
7 years | $-15,442 |
9 years | $-12,287 |
11 years | $-9,132 |
13 years | $-5,976 |
15 years | $-2,821 |
17 years | $334 |
19 years | $3,489 |
21 years | $6,645 |
23 years | $9,800 |
25 years | $12,955 |
Top Solar Installers in Franklinton
Many homeowners choose to use a solar installer since installing solar panels on your own can be a lot of work. The payback period on a solar system will vary depending on factors like your location and energy consumption, but going with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you’d like to go solar but still aren’t certain which solar panel installer to go with, here are our suggestions for providers nearby:
See all of the solar companies in Franklinton
Factors that Affect Solar Panel Costs in Franklinton
For many Franklinton homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Franklinton, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects 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.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Franklinton have solar loans, which reduce your upfront costs of installing solar.While solar loans make going solar more accessible for Franklinton homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Franklinton, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $10,223 | 15.5 years |
8 kW | $3.88 | $21,706 | $14,057 | 15.2 years |
10 kW | $3.80 | $26,600 | $18,103 | 14.9 years |
12 kW | $3.72 | $31,282 | $22,362 | 14.6 years |
14 kW | $3.65 | $35,750 | $26,834 | 14.3 years |
16 kW | $3.57 | $40,006 | $31,518 | 14.0 years |
18 kW | $3.50 | $44,050 | $36,416 | 13.7 years |
20 kW | $3.42 | $47,880 | $41,526 | 13.4 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- 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 large role in the company you choose.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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 past customers.
EcoWatch's Franklinton, LA Solar Cost FAQs
What is the average cost of installing solar panels in Franklinton?
The average cost of solar panels in Franklinton 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Franklinton?
Leasing solar panels can be an appealing choice, because it often 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 option if you want to maximize your savings.
Can you sell solar power back to the grid in Franklinton?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels should I get 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 generally 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.