Solar Panel Cost Guide in Meraux, LA (2024 Update)
- Meraux Solar Installation Cost: $26,333
- 25-Year Savings: $26,940
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Meraux
Let’s take a look at the average cost of solar panels in Meraux.
While the national average of solar panels is $2.66 per watt, solar panels in Meraux typically cost about 4.The average Meraux homeowner needs a 9.9-kilowatt system, which would cost about $26,333 with the federal tax credit, or $37,656 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Meraux homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Despite the large initial cost, the average Meraux homeowner can save around $17,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free quote from a vetted solar installer in Meraux, you can click the button below.
Solar savings over time in Meraux
| Year | Return on Investment |
|---|---|
| 1 years | $-25,024 |
| 3 years | $-22,405 |
| 5 years | $-19,787 |
| 7 years | $-17,168 |
| 9 years | $-14,550 |
| 11 years | $-11,931 |
| 13 years | $-9,313 |
| 15 years | $-6,694 |
| 17 years | $-4,076 |
| 19 years | $-1,457 |
| 21 years | $1,161 |
| 23 years | $3,780 |
| 25 years | $6,399 |
Top Solar Installers in Meraux
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make your switch to solar power much easier. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money over time.
If you’d like to go solar but still aren’t certain which solar company to go with, here are our recommendations for providers in Meraux:
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 Meraux
Factors that Affect Solar Panel Costs in Meraux
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,800. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Meraux, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your all-in costs, so it’s crucial to take that into consideration 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
The solar company you choose will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may see 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 larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.95 | $16,598 | $10,523 | 15.3 years |
| 8 kW | $3.88 | $21,706 | $14,456 | 15.0 years |
| 10 kW | $3.80 | $26,600 | $18,602 | 14.7 years |
| 12 kW | $3.72 | $31,282 | $22,961 | 14.4 years |
| 14 kW | $3.65 | $35,750 | $27,533 | 14.1 years |
| 16 kW | $3.57 | $40,006 | $32,317 | 13.8 years |
| 18 kW | $3.50 | $44,050 | $37,314 | 13.5 years |
| 20 kW | $3.42 | $47,880 | $42,524 | 13.2 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Long-running companies 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 quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives 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 Meraux, LA Solar Cost FAQs
How much does it cost to install solar panels in Meraux?
The average cost of solar panels in Meraux is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Meraux?
You can’t get solar panels for free in Meraux. However, you may still be able to afford 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.
Is it worth going solar in Meraux?
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 enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.