Solar Panel Cost Guide in Lacombe, LA (Mar 2023)
- Lacombe Solar Installation Cost: $17,828
- 25-Year Savings: $29,250
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lacombe
Find out what the average cost of solar panel installation is in Lacombe.
In Lacombe, solar panels cost about 2.57 per watt on average. Using this figure, a typical 9.9-kW system would cost about $17,828 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with. Many homeowners find going solar is a sound investment. The average homeowner in Lacombe can save around $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in Lacombe for a custom estimate.
Solar savings over time in Lacombe
| Year | Return on Investment |
|---|---|
| 1 years | $-15,945 |
| 3 years | $-12,179 |
| 5 years | $-8,412 |
| 7 years | $-4,646 |
| 9 years | $-880 |
| 11 years | $2,886 |
| 13 years | $6,653 |
| 15 years | $10,419 |
| 17 years | $14,185 |
| 19 years | $17,951 |
| 21 years | $21,718 |
| 23 years | $25,484 |
| 25 years | $29,250 |
Top Solar Installers in Lacombe
When switching to solar energy, many homeowners opt to use a solar installer since handling can be a challenging project. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations for providers in Lacombe:
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 Lacombe
Factors that Affect Solar Panel Costs in Lacombe
Although the average cost of a solar system in Lacombe is $17,828, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,570 per kilowatt in Lacombe. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Lacombe to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. Though solar loans make adopting solar energy more accessible for Lacombe homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Lacombe is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets. Additionally, some companies in Lacombe have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $17,290 | 9.8 years |
| 8 kW | $2.62 | $14,680 | $23,341 | 9.7 years |
| 10 kW | $2.57 | $17,990 | $29,536 | 9.5 years |
| 12 kW | $2.52 | $21,156 | $35,874 | 9.3 years |
| 14 kW | $2.47 | $24,179 | $42,357 | 9.1 years |
| 16 kW | $2.42 | $27,057 | $48,984 | 8.9 years |
| 18 kW | $2.36 | $29,791 | $55,755 | 8.7 years |
| 20 kW | $2.31 | $32,382 | $62,669 | 8.5 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 decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Contract: Before you sign a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Lacombe, LA Solar Cost FAQs
What is the average cost of installing solar panels in Lacombe?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Lacombe?
You can't get solar panels for free in Lacombe. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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 get 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.