Solar Panel Cost Guide in Marrero, LA (2023 Update)
- Marrero Solar Installation Cost: $17,810
- 25-Year Savings: $25,556
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Marrero
Find out what the average cost of solar panel installation is in Marrero.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Marrero, the average cost of a solar system is 2.57 per watt. The average solar panel system size in Marrero is around 9.9 kilowatts, meaning a cost of about $17,810 for a solar installation, or $25,468 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. 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 usage and what company you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Marrero can save around $17,000 on their electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Marrero
| Year | Return on Investment |
|---|---|
| 1 years | $-16,500 |
| 3 years | $-13,882 |
| 5 years | $-11,263 |
| 7 years | $-8,645 |
| 9 years | $-6,026 |
| 11 years | $-3,408 |
| 13 years | $-789 |
| 15 years | $1,829 |
| 17 years | $4,448 |
| 19 years | $7,067 |
| 21 years | $9,685 |
| 23 years | $12,304 |
| 25 years | $14,922 |
Top Solar Installers in Marrero
When making the switch to solar, many homeowners choose to hire a solar installation company since DIY solar panel installation can be a challenging project. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Marrero
Factors that Affect Solar Panel Costs in Marrero
The cost of installing a solar system in Marrero can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
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 energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,570 per kilowatt in Marrero. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Marrero, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $15,057 | 10.7 years |
| 8 kW | $2.62 | $14,680 | $20,364 | 10.5 years |
| 10 kW | $2.57 | $17,990 | $25,814 | 10.3 years |
| 12 kW | $2.52 | $21,156 | $31,409 | 10.1 years |
| 14 kW | $2.47 | $24,179 | $37,148 | 9.9 years |
| 16 kW | $2.42 | $27,057 | $43,030 | 9.7 years |
| 18 kW | $2.36 | $29,791 | $49,056 | 9.4 years |
| 20 kW | $2.31 | $32,382 | $55,227 | 9.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Contract: Review the contract terms closely to make sure you understand the total cost, completion timeline rebates and warranties.
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 Marrero, LA Solar Cost FAQs
What is the average cost of installing solar panels in Marrero?
This is a tough question to answer precisely, because the cost depends on a few different 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 higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Marrero?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Marrero have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity 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?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.