Solar Panel Cost Guide in Monticello, LA (2025 Update)
- Monticello Solar Installation Cost: $26,551
- 25-Year Savings: $24,324
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Monticello
Here’s how much it might cost to install solar panels in Monticello.
In Monticello, solar panels cost about 4 per watt on average.The average solar panel system size in Monticello is around 10.0 kilowatts, meaning a cost of about $26,551 for a solar installation, or $37,968 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will differ based on the amount of energy your home requires and what company you go with.Even with the significant upfront cost, the average Monticello homeowner can save about $16,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar installer in your area for a custom quote.
Solar savings over time in Monticello
| Year | Return on Investment |
|---|---|
| 1 years | $-25,242 |
| 3 years | $-22,623 |
| 5 years | $-20,005 |
| 7 years | $-17,386 |
| 9 years | $-14,768 |
| 11 years | $-12,149 |
| 13 years | $-9,531 |
| 15 years | $-6,912 |
| 17 years | $-4,294 |
| 19 years | $-1,675 |
| 21 years | $943 |
| 23 years | $3,562 |
| 25 years | $6,180 |
Top Solar Installers in Monticello
Although it's possible to install solar panels yourself, it requires extra energy and handiness. Because of that, almost all homeowners choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over the lifespan of your panels.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Monticello
Factors that Affect Solar Panel Costs in Monticello
For many Monticello homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Monticello, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Monticello, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by about $3,800 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Monticello have solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of loans, including the amount of 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 original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Monticello, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $3.95 | $16,598 | $8,817 | 16.3 years |
| 8 kW | $3.88 | $21,706 | $12,181 | 16.0 years |
| 10 kW | $3.80 | $26,600 | $15,759 | 15.7 years |
| 12 kW | $3.72 | $31,282 | $19,549 | 15.4 years |
| 14 kW | $3.65 | $35,750 | $23,552 | 15.1 years |
| 16 kW | $3.57 | $40,006 | $27,768 | 14.8 years |
| 18 kW | $3.50 | $44,050 | $32,196 | 14.4 years |
| 20 kW | $3.42 | $47,880 | $36,838 | 14.1 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 pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
EcoWatch's Monticello, LA Solar Cost FAQs
What is the average cost of installing solar panels in Monticello?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $19,000 for a 5-kW system and $38,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider 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 goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Monticello, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Monticello?
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 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.