Solar Panel Cost Guide in Marksville, LA (Mar 2023)
- Marksville Solar Installation Cost: $18,170
- 25-Year Savings: $27,408
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Marksville
Let's take a look at the average cost of solar in Marksville.
Although the national average of solar panels is $2.66 per watt, solar panels in Marksville generally cost about 2.57. To cover the typical energy usage of the average home in Marksville, most homeowners require a 10.1-kilowatt system. Using the figure above, a solar installation costs around $18,170, or $25,983 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. Many homeowners find going solar is a solid investment. The average homeowner in Marksville can save about $17,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar company in Marksville for a personalized quote.
Solar savings over time in Marksville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,347 |
| 3 years | $-12,701 |
| 5 years | $-9,054 |
| 7 years | $-5,408 |
| 9 years | $-1,762 |
| 11 years | $1,884 |
| 13 years | $5,530 |
| 15 years | $9,177 |
| 17 years | $12,823 |
| 19 years | $16,469 |
| 21 years | $20,115 |
| 23 years | $23,761 |
| 25 years | $27,408 |
Top Solar Installers in Marksville
Putting up solar panels yourself can be a challenging undertaking, which is why hiring a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Marksville, thereby optimizing your ROI.
There are a number of licensed solar professionals that can take care of your solar installation project. 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
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 Marksville
Factors that Affect Solar Panel Costs in Marksville
While the average cost of a solar system in Marksville is $18,170, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 pay around $2,570 per kilowatt in Marksville. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Marksville, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Marksville, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your all-in costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Marksville is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that offer a range of services at different price points. Additionally, some companies in Marksville have more knowledge about local solar incentives and can help you make good use of 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 | $15,854 | 10.4 years |
| 8 kW | $2.62 | $14,680 | $21,426 | 10.2 years |
| 10 kW | $2.57 | $17,990 | $27,142 | 10.0 years |
| 12 kW | $2.52 | $21,156 | $33,002 | 9.8 years |
| 14 kW | $2.47 | $24,179 | $39,006 | 9.6 years |
| 16 kW | $2.42 | $27,057 | $45,154 | 9.4 years |
| 18 kW | $2.36 | $29,791 | $51,446 | 9.2 years |
| 20 kW | $2.31 | $32,382 | $57,882 | 9.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Companies that have been in business for many years likely have a high 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.
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 Marksville, LA Solar Cost FAQs
What is the average cost of installing solar panels in Marksville?
This is a tough question to answer precisely, because the cost depends on a few different 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 more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a key 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 be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $902.64 per year.
How long do solar panels last in Marksville?
On average, the lifespan of solar panels is 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 level 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.