Solar Panel Cost Guide in Inniswold, LA (2024 Update)
- Inniswold Solar Installation Cost: $26,524
- 25-Year Savings: $27,249
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Inniswold
Find out what the average cost of solar panel installation is in Inniswold.
In Inniswold, solar panels cost about 4 per watt on average.The average solar panel system size in Inniswold is around 10.0 kilowatts, meaning a cost of about $26,524 for a solar installation, or $37,929 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary quite a bit based on several factors, such as what size system you need, your energy consumption and what solar installer you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Inniswold
| Year | Return on Investment |
|---|---|
| 1 years | $-25,150 |
| 3 years | $-22,402 |
| 5 years | $-19,655 |
| 7 years | $-16,907 |
| 9 years | $-14,159 |
| 11 years | $-11,412 |
| 13 years | $-8,664 |
| 15 years | $-5,916 |
| 17 years | $-3,169 |
| 19 years | $-421 |
| 21 years | $2,327 |
| 23 years | $5,074 |
| 25 years | $7,822 |
Top Solar Installers in Inniswold
Although you can install solar panels on your own, it requires extra effort and know-how. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you go with a solar contractor as well, which can save you more money after your upfront investment.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Inniswold
Factors that Affect Solar Panel Costs in Inniswold
The cost of installing a solar system in Inniswold can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,800.There are many different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Inniswold have solar loans, which reduce the initial cost of installing solar panels.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Inniswold, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that provides the products, warranties and services you want 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 | $3.95 | $16,598 | $10,592 | 15.3 years |
| 8 kW | $3.88 | $21,706 | $14,548 | 15.0 years |
| 10 kW | $3.80 | $26,600 | $18,717 | 14.7 years |
| 12 kW | $3.72 | $31,282 | $23,099 | 14.4 years |
| 14 kW | $3.65 | $35,750 | $27,693 | 14.1 years |
| 16 kW | $3.57 | $40,006 | $32,501 | 13.8 years |
| 18 kW | $3.50 | $44,050 | $37,521 | 13.5 years |
| 20 kW | $3.42 | $47,880 | $42,754 | 13.2 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- 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 likely has a solid reputation and is qualified to install your solar system. Another way you can research 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
EcoWatch's Inniswold, LA Solar Cost FAQs
How much does it cost to install solar panels in Inniswold?
This is a hard question to answer precisely, because the cost depends on many 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 needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Inniswold?
A solar panel system isn’t free in Inniswold, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Inniswold have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels should I get to power 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 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 buy between 20 and 35 panels to cover 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.