Solar Panel Cost Guide in Inniswold, LA (Mar 2023)
- Inniswold Solar Installation Cost: $17,936
- 25-Year Savings: $27,251
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Inniswold
Let's have a look at the average cost of solar in Inniswold.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Inniswold, the average cost of solar panels is 2.57 per watt. Since a 10.0-kW system is needed to cover the energy needs of a typical home in Inniswold, the average price of going solar will be about $17,936 after claiming the federal solar tax credit of 30%.
How much you pay can go higher or lower than the average in Inniswold depending on a few factors, such as the type of solar panels you choose and the solar company you hire. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar installer in Inniswold that can help you get a more accurate cost estimate for your home.
Solar savings over time in Inniswold
| Year | Return on Investment |
|---|---|
| 1 years | $-16,129 |
| 3 years | $-12,514 |
| 5 years | $-8,899 |
| 7 years | $-5,284 |
| 9 years | $-1,669 |
| 11 years | $1,946 |
| 13 years | $5,561 |
| 15 years | $9,176 |
| 17 years | $12,791 |
| 19 years | $16,406 |
| 21 years | $20,021 |
| 23 years | $23,636 |
| 25 years | $27,251 |
Top Solar Installers in Inniswold
Many homeowners opt for a solar installation company since figuring out how to install solar panels on your own can be time-consuming. Plus, if you're unsure what brand of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar installer can help your solar project go smoothly. 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 Inniswold
Factors that Affect Solar Panel Costs in Inniswold
For many Inniswold homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Inniswold, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,570 per kilowatt in Inniswold. The model of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Inniswold have solar loans, which reduce your upfront costs of installing solar panels. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Inniswold is the company you choose to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different price points. Additionally, some companies in Inniswold know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $15,964 | 10.3 years |
| 8 kW | $2.62 | $14,680 | $21,574 | 10.1 years |
| 10 kW | $2.57 | $17,990 | $27,327 | 9.9 years |
| 12 kW | $2.52 | $21,156 | $33,224 | 9.7 years |
| 14 kW | $2.47 | $24,179 | $39,265 | 9.5 years |
| 16 kW | $2.42 | $27,057 | $45,450 | 9.3 years |
| 18 kW | $2.36 | $29,791 | $51,779 | 9.1 years |
| 20 kW | $2.31 | $32,382 | $58,252 | 8.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Different companies offer different brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
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 Inniswold, LA Solar Cost FAQs
How much does it cost to install solar panels in Inniswold?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Inniswold?
Solar panels aren't free in Inniswold, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels completely eradicate my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Inniswold, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Inniswold?
Though 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 how much energy they produce will have decreased significantly after that point. You can decide 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.