Solar Panel Cost Guide in Inniswold, LA (2023 Update)
- Inniswold Solar Installation Cost: $17,938
- 25-Year Savings: $27,249
- Payback Period: 9.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Inniswold
Find out how much it might cost to go solar in Inniswold.
In Inniswold, solar panels cost about 2.57 per watt on average. Because a 10.0-kW system is needed to cover the energy costs 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%.
Keep in mind that the figures above are only estimates based on the average energy use of Inniswold homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Inniswold can save around $17,000 on their power bills over 20 years.
To receive a free estimate from a top solar company in Inniswold, you can click the button below.
Solar savings over time in Inniswold
| Year | Return on Investment |
|---|---|
| 1 years | $-17,788 |
| 3 years | $-17,487 |
| 5 years | $-17,185 |
| 7 years | $-16,884 |
| 9 years | $-16,583 |
| 11 years | $-16,282 |
| 13 years | $-15,980 |
| 15 years | $-15,679 |
| 17 years | $-15,378 |
| 19 years | $-15,077 |
| 21 years | $-14,775 |
| 23 years | $-14,474 |
| 25 years | $-14,173 |
Top Solar Installers in Inniswold
Many homeowners choose to hire a solar panel company since trying to put up solar panels by yourself can be a lot of work. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't certain which solar system installer to go with, here are our recommendations for providers near you:
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
For many Inniswold homeowners, the decision to install a solar energy system depends on 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 numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,570 per kilowatt in Inniswold. The type of solar equipment you choose can bring your price up or down 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, extra products, such as solar batteries, can bring your total well above the Inniswold average.
Solar Financing Terms
Most solar companies in Inniswold have solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your overall costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating in Inniswold, and each can charge varying amounts 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 cost more. It's best to do some research and find a company that provides the products, warranties and services you want and also fits 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 | $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
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: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations 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 make sure you peruse their list of options before deciding.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
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
What is the average cost of installing solar panels in Inniswold?
The average cost of solar panels in Inniswold is about $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.