Solar Panel Cost Guide in Franklinton, LA (Mar 2023)
- Franklinton Solar Installation Cost: $17,918
- 25-Year Savings: $26,593
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Franklinton
We break down average solar pricing in Franklinton.
Although the national average of solar panels is $2.66 per watt, solar panels in Franklinton typically cost around 2.57. To account for the typical energy usage of the average home in Franklinton, most homeowners require a 10.0-kilowatt system. Using the figure above, a solar installation costs around $17,918, or $25,623 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and how much solar costs for you will differ based on your energy needs and what company you go with. With typical savings of about $17,000 on utility bills over 20 years, many homeowners in Franklinton find investing in solar can pay off big.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Franklinton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,138 |
| 3 years | $-12,577 |
| 5 years | $-9,016 |
| 7 years | $-5,455 |
| 9 years | $-1,894 |
| 11 years | $1,667 |
| 13 years | $5,228 |
| 15 years | $8,788 |
| 17 years | $12,349 |
| 19 years | $15,910 |
| 21 years | $19,471 |
| 23 years | $23,032 |
| 25 years | $26,593 |
Top Solar Installers in Franklinton
Trying to put up solar panels on your own can be a dangerous task, which is why using a solar installer is a good option for many homeowners. Some solar installers, particularly local ones, can help you make the most of incentives in Franklinton, therefore optimizing your ROI.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Franklinton
Factors that Affect Solar Panel Costs in Franklinton
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Franklinton: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
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 gauge the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond 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 for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Franklinton, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can impact how much you pay. Franklinton's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that provides the products, warranties and services you want and also fit into 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 | $15,596 | 10.5 years |
| 8 kW | $2.62 | $14,680 | $21,082 | 10.3 years |
| 10 kW | $2.57 | $17,990 | $26,713 | 10.1 years |
| 12 kW | $2.52 | $21,156 | $32,487 | 9.9 years |
| 14 kW | $2.47 | $24,179 | $38,405 | 9.7 years |
| 16 kW | $2.42 | $27,057 | $44,468 | 9.5 years |
| 18 kW | $2.36 | $29,791 | $50,674 | 9.3 years |
| 20 kW | $2.31 | $32,382 | $57,024 | 9.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the endurance of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Franklinton, LA Solar Cost FAQs
How much does it cost to install solar panels in Franklinton?
The average cost of solar panels in Franklinton 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 kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Franklinton?
Solar panels aren't free in Franklinton, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Franklinton is currently $105,800, which means you could be looking at a value of about $4,338 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Franklinton is a worthwhile investment.
How often do you have to replace solar panels?
Even though 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 their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use 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.