Solar Panel Cost Guide in Grand Point, LA (2023 Update)
- Grand Point Solar Installation Cost: $17,882
- 25-Year Savings: $23,509
- Payback Period: 10.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Grand Point
Find out how much it might cost to go solar in Grand Point.
Although the national average of solar panels is $2.66 per watt, solar panels in Grand Point generally cost around 2.57. The average solar panel system size in Grand Point is around 9.9 kilowatts, meaning a cost of about $17,882 for a solar installation, or $25,571 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may vary based on factors unique to your home and what company you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Grand Point can save about $16,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Grand Point
| Year | Return on Investment |
|---|---|
| 1 years | $-16,226 |
| 3 years | $-12,915 |
| 5 years | $-9,604 |
| 7 years | $-6,293 |
| 9 years | $-2,981 |
| 11 years | $330 |
| 13 years | $3,641 |
| 15 years | $6,953 |
| 17 years | $10,264 |
| 19 years | $13,575 |
| 21 years | $16,887 |
| 23 years | $20,198 |
| 25 years | $23,509 |
Top Solar Installers in Grand Point
Many homeowners opt for a solar panel installer since installing solar panels yourself can be a labor-intensive endeavor. The expertise that solar companies provide can be invaluable as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
If you're searching for a solar installer in Grand Point, we've organized a list of our top suggestions here:
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 Grand Point
Factors that Affect Solar Panel Costs in Grand Point
Although the average cost of a solar system in Grand Point is $17,882, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,570. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Grand Point average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect your pricing. Grand Point's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price 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 offers the products, warranties and services you're looking for and also is 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 | $13,762 | 11.2 years |
| 8 kW | $2.62 | $14,680 | $18,637 | 11.0 years |
| 10 kW | $2.57 | $17,990 | $23,656 | 10.8 years |
| 12 kW | $2.52 | $21,156 | $28,819 | 10.6 years |
| 14 kW | $2.47 | $24,179 | $34,126 | 10.4 years |
| 16 kW | $2.42 | $27,057 | $39,576 | 10.2 years |
| 18 kW | $2.36 | $29,791 | $45,171 | 9.9 years |
| 20 kW | $2.31 | $32,382 | $50,910 | 9.7 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:
- Reputation: Your solar installer should have a sound 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.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: The kind of solar panel you'd like plays a part in which company you should choose, since different companies have access to different panels.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
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 Grand Point, LA Solar Cost FAQs
What is the average cost of installing solar panels in Grand Point?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Grand Point?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can 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.