Solar Panel Cost Guide in Jackson, LA (2023 Update)
- Jackson Solar Installation Cost: $18,083
- 25-Year Savings: $27,104
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Jackson
Find out what the average cost of installing solar panels is in Jackson.
The national average cost of solar panels is $2.66 per watt, but in Jackson it's 2.57 per watt. Using this figure, a typical 10.1-kW system would cost about $18,080 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Jackson homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find adopting solar power is a sound investment. The average homeowner in Jackson can save about $17,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Jackson
| Year | Return on Investment |
|---|---|
| 1 years | $-17,932 |
| 3 years | $-17,631 |
| 5 years | $-17,330 |
| 7 years | $-17,028 |
| 9 years | $-16,727 |
| 11 years | $-16,426 |
| 13 years | $-16,125 |
| 15 years | $-15,823 |
| 17 years | $-15,522 |
| 19 years | $-15,221 |
| 21 years | $-14,920 |
| 23 years | $-14,619 |
| 25 years | $-14,317 |
Top Solar Installers in Jackson
Although you can install solar panels by yourself, it involves extra time and know-how. That's why most people choose a solar panel installer. The payback period on a solar system will vary based on factors like your location and energy usage, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
If you're looking for a solar installer in Jackson, the EcoWatch team has 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 Jackson
Factors that Affect Solar Panel Costs in Jackson
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Jackson: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 spend about $2,570 per kilowatt in Jackson. The model of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Jackson is the company you get to install your solar system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $15,747 | 10.4 years |
| 8 kW | $2.62 | $14,680 | $21,284 | 10.2 years |
| 10 kW | $2.57 | $17,990 | $26,965 | 10.0 years |
| 12 kW | $2.52 | $21,156 | $32,790 | 9.8 years |
| 14 kW | $2.47 | $24,179 | $38,758 | 9.6 years |
| 16 kW | $2.42 | $27,057 | $44,871 | 9.4 years |
| 18 kW | $2.36 | $29,791 | $51,128 | 9.2 years |
| 20 kW | $2.31 | $32,382 | $57,528 | 9.0 years |
How to Save on Solar Panels
There are a lot of 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: Read the contract terms carefully to make sure you understand the overall cost, completion timeline rebates and warranties.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
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 Jackson, LA Solar Cost FAQs
How much does it cost to install solar panels in Jackson?
The average cost of solar panels in Jackson 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Jackson is currently $88,900, so you could be looking at a value of about $3,645 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Jackson is a worthwhile investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.