Solar Panel Cost Guide in New Iberia, LA (2024 Update)
- New Iberia Solar Installation Cost: $26,762
- 25-Year Savings: $26,899
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in New Iberia
Find out what the average cost of a solar system is in New Iberia.
The national average cost of solar panels is $2.66 per watt, but in New Iberia it’s 4 per watt.The average solar panel system size in New Iberia is around 10.1 kilowatts, meaning a cost of about $26,762 for a solar installation, or $38,270 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average New Iberia homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar power is worth paying. On average New Iberia homeowners see about $17,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a personalized quote.
Solar savings over time in New Iberia
| Year | Return on Investment |
|---|---|
| 1 years | $-25,185 |
| 3 years | $-22,029 |
| 5 years | $-18,874 |
| 7 years | $-15,719 |
| 9 years | $-12,564 |
| 11 years | $-9,409 |
| 13 years | $-6,253 |
| 15 years | $-3,098 |
| 17 years | $57 |
| 19 years | $3,212 |
| 21 years | $6,368 |
| 23 years | $9,523 |
| 25 years | $12,678 |
Top Solar Installers in New Iberia
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make your swap to solar power much easier. Companies can also have access to a large variety of the best solar panels and help you pick which one will be best for your home.
If you’d like to make the switch to solar but still aren’t certain which solar panel installer to go with, here are our suggestions for providers in New Iberia:
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 New Iberia
Factors that Affect Solar Panel Costs in New Iberia
The cost of installing a solar system in New Iberia can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in New Iberia, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $3,800 for each additional kilowatt you need.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the New Iberia average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many New Iberia homeowners choose to finance their solar panel systems to offset upfront costs.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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in New Iberia, you’ll have many options to choose from, but each comes at various price points 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 extra 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 | $10,237 | 15.5 years |
| 8 kW | $3.88 | $21,706 | $14,075 | 15.2 years |
| 10 kW | $3.80 | $26,600 | $18,126 | 14.9 years |
| 12 kW | $3.72 | $31,282 | $22,390 | 14.6 years |
| 14 kW | $3.65 | $35,750 | $26,866 | 14.3 years |
| 16 kW | $3.57 | $40,006 | $31,555 | 14.0 years |
| 18 kW | $3.50 | $44,050 | $36,457 | 13.7 years |
| 20 kW | $3.42 | $47,880 | $41,572 | 13.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Reputation: Your solar installer should have a sound 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. 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 New Iberia, LA Solar Cost FAQs
What is the average cost of installing solar panels in New Iberia?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas 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.
Can you sell solar power back to the grid in New Iberia?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces 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.
How often do you have to replace solar panels?
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 larger 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.