Solar Panel Cost Guide in Lafayette, LA (Aug 2022)

  • Lafayette Solar Installation Cost: $18,885
  • 25-Year Savings: $23,660
  • Payback Period: 11.1 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lafayette

Let's take a look at the average cost of solar panels in Lafayette.

The national average cost of solar panels is $2.66 per watt, but in Lafayette it's $3 per watt. The average Lafayette homeowner needs a 9.9-kilowatt system, which would cost about $18,885, or $13,975 after the federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar system you want, your solar contractor and more. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $16,000 over 20 years on power bills.

You can click the button below to get connected with a pre-vetted solar installer in Lafayette that can help you get a more accurate cost estimate for your home.

Solar savings over time in Lafayette

Year Return on Investment
1 years $-17,183
3 years $-13,780
5 years $-10,376
7 years $-6,972
9 years $-3,569
11 years $-165
13 years $3,238
15 years $6,642
17 years $10,046
19 years $13,449
21 years $16,853
23 years $20,256
25 years $23,660

Top Solar Installers in Lafayette

Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar company can make converting to solar much easier. Plus, if you aren't sure what type of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.

If you're on the hunt for a solar installer in Lafayette, the EcoWatch team has put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Lafayette

Factors that Affect Solar Panel Costs in Lafayette

Although the average cost of solar panels in Lafayette is $18,885, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.

Solar Equipment Size

The size of the solar system you need is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,570. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Lafayette, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar installers in Lafayette provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also increase your total costs, so it's important to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The solar company you opt for to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies operating in Lafayette, and each can charge different amounts for labor and equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.

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 $11,867 $13,845 11.5 years
8 kW $2.62 $15,519 $18,764 11.3 years
10 kW $2.57 $19,018 $23,836 11.1 years
12 kW $2.52 $22,365 $29,059 10.9 years
14 kW $2.47 $25,560 $34,435 10.7 years
16 kW $2.42 $28,603 $39,963 10.4 years
18 kW $2.36 $31,494 $45,643 10.2 years
20 kW $2.31 $34,232 $51,475 10.0 years

Solar Incentives in Lafayette

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Home Energy Loan Program (HELP)
Website Visit here
More Info Click here

Name Solar Energy System Exemption
Incentive Amount 100%
Incentive Max None
More Info Click here

How to Save on Solar Panels

The company that does your system 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 challenge, we have some tips to help you, such as:

  • Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
  • Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: The model of solar panel you need plays a role in which installer you should go with, since different companies offer different panels.
  • Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Lafayette, LA Solar Cost FAQs

How much does it cost to install solar panels in Lafayette?

This is a tough question to answer precisely, because the cost depends on a variety of 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 other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.

What other factors should I consider other than cost when buying solar panels?

The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.

Is it worth going solar in Lafayette?

Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.

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 higher 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.

solar panel and sunny sky
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