Solar Panel Cost Guide in Marksville, LA (2023 Update)
- Marksville Solar Installation Cost: $18,167
- 25-Year Savings: $27,410
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Marksville
We go over average solar pricing in Marksville.
The national average cost of solar panels is $2.66 per watt, but in Marksville it's 2.57 per watt. 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.
Keep in mind that the figures above are only estimates based on the average energy use of Marksville homeowners. 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. For most homeowners, the upfront investment in solar is worth paying. On average Marksville homeowners see about $17,000 in savings on utility bills over 20 years.
To get a free quote from a highly rated solar company in Marksville, you can click the button below.
Solar savings over time in Marksville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,590 |
| 3 years | $-13,435 |
| 5 years | $-10,279 |
| 7 years | $-7,124 |
| 9 years | $-3,969 |
| 11 years | $-814 |
| 13 years | $2,342 |
| 15 years | $5,497 |
| 17 years | $8,652 |
| 19 years | $11,807 |
| 21 years | $14,963 |
| 23 years | $18,118 |
| 25 years | $21,273 |
Top Solar Installers in Marksville
When going solar, many homeowners opt to go with a solar installer since installing solar panels yourself can be a difficult project. Another advantage of utilizing a solar company is that they can help you maximize your ROI by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar system. 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
See all of the solar companies in Marksville
Factors that Affect Solar Panel Costs in Marksville
Though the average cost of a solar system in Marksville is $18,170, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important 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 about $2,570 per kilowatt in Marksville. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Marksville provide solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of financing options, including the total 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 principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Marksville, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $15,854 | 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
There are a lot of companies to choose from in Marksville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Warranty: Companies typically offer different kinds of warranties that cover different things. 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
EcoWatch's Marksville, LA Solar Cost FAQs
How much does it cost to install solar panels in Marksville?
This is a tough question to answer exactly, 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Marksville?
You can't get solar panels for free in Marksville. 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 want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Marksville?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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 account for 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.