Solar Panel Cost Guide in Galliano, LA (2024 Update)
- Galliano Solar Installation Cost: $26,213
- 25-Year Savings: $20,875
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Galliano
We break down average solar pricing in Galliano.
In Galliano, solar panels cost about 4 per watt on average.The average solar panel system size in Galliano is around 9.9 kilowatts, meaning a cost of about $26,213 for a solar installation, or $37,485 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Galliano based on several 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 rewarding investment. The average homeowner in Galliano can save about $15,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Galliano for a quote for your home.
Solar savings over time in Galliano
Year | Return on Investment |
---|---|
1 years | $-24,903 |
3 years | $-22,285 |
5 years | $-19,666 |
7 years | $-17,048 |
9 years | $-14,429 |
11 years | $-11,811 |
13 years | $-9,192 |
15 years | $-6,574 |
17 years | $-3,955 |
19 years | $-1,337 |
21 years | $1,282 |
23 years | $3,901 |
25 years | $6,519 |
Top Solar Installers in Galliano
When switching to solar energy, many homeowners prefer to hire a solar installation company since DIY solar panel installation can be a difficult project. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers nearby:
See all of the solar companies in Galliano
Factors that Affect Solar Panel Costs in Galliano
Even though the average cost of a solar system in Galliano is $26,213, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar system in Galliano, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,800 for each additional kilowatt you need.The kind of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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
Many homeowners find the average cost of solar in Galliano to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.Although solar loans make adopting solar energy more accessible for Galliano 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 put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect your pricing. Galliano’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $6,905 | 17.7 years |
8 kW | $3.88 | $21,706 | $9,633 | 17.3 years |
10 kW | $3.80 | $26,600 | $12,573 | 17.0 years |
12 kW | $3.72 | $31,282 | $15,726 | 16.6 years |
14 kW | $3.65 | $35,750 | $19,092 | 16.3 years |
16 kW | $3.57 | $40,006 | $22,670 | 16.0 years |
18 kW | $3.50 | $44,050 | $26,462 | 15.6 years |
20 kW | $3.42 | $47,880 | $30,466 | 15.3 years |
How to Save on Solar Panels
There are many 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:
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- 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 type 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 take a look at their list of options before making your decision.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Galliano, LA Solar Cost FAQs
How much does it cost to install solar panels in Galliano?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $19,000 for a 5-kW system and $38,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Galliano?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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 financial benefits from going solar.
Do solar panels increase your property value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out 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 home 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.