Solar Panel Cost Guide in Hammond, LA (2024 Update)
- Hammond Solar Installation Cost: $26,457
- 25-Year Savings: $6,275
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Hammond
We break down average solar pricing in Hammond.
In Hammond, solar panels cost about 4 per watt on average.The average solar panel system size in Hammond is around 9.9 kilowatts, meaning a cost of about $26,457 for a solar installation, or $37,834 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Hammond depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Hammond can save around $16,000 on their power bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hammond
| Year | Return on Investment |
|---|---|
| 1 years | $-25,148 |
| 3 years | $-22,529 |
| 5 years | $-19,911 |
| 7 years | $-17,292 |
| 9 years | $-14,674 |
| 11 years | $-12,055 |
| 13 years | $-9,436 |
| 15 years | $-6,818 |
| 17 years | $-4,199 |
| 19 years | $-1,581 |
| 21 years | $1,038 |
| 23 years | $3,656 |
| 25 years | $6,275 |
Top Solar Installers in Hammond
Although you can install solar panels on your own, it involves extra time and know-how. That's one of the reasons almost all homeowners choose a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're on the hunt for a solar company in Hammond, we've organized a list of our top suggestions here:
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 Hammond
Factors that Affect Solar Panel Costs in Hammond
For many Hammond homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Hammond, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Hammond average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your all-in costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Hammond is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services for different budgets.The company’s size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $9,266 | 16.0 years |
| 8 kW | $3.88 | $21,706 | $12,780 | 15.7 years |
| 10 kW | $3.80 | $26,600 | $16,507 | 15.4 years |
| 12 kW | $3.72 | $31,282 | $20,446 | 15.1 years |
| 14 kW | $3.65 | $35,750 | $24,599 | 14.8 years |
| 16 kW | $3.57 | $40,006 | $28,964 | 14.5 years |
| 18 kW | $3.50 | $44,050 | $33,542 | 14.2 years |
| 20 kW | $3.42 | $47,880 | $38,333 | 13.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
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 Hammond, LA Solar Cost FAQs
What is the average cost of installing solar panels in Hammond?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly 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 higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Hammond?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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.