Solar Panel Cost Guide in New Iberia, LA (Dec 2022)

  • New Iberia Solar Installation Cost: $18,098
  • 25-Year Savings: $26,901
  • Payback Period: 10.1 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in New Iberia

We go over average solar pricing in New Iberia.

The national average cost of solar panels is $2.66 per watt, but in New Iberia it's $3 per watt. To account for the typical energy usage of the average home in New Iberia, most homeowners require a 10.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,098, or $13,393 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with. Even with the significant initial cost, the average New Iberia homeowner can save about $17,000 on their energy bills over 20 years, which is one of the positives of solar.

To receive a free estimate from a highly rated solar installation company in New Iberia, you can click the button below.

Solar savings over time in New Iberia

Year Return on Investment
1 years $-16,298
3 years $-12,698
5 years $-9,098
7 years $-5,498
9 years $-1,898
11 years $1,702
13 years $5,302
15 years $8,902
17 years $12,502
19 years $16,101
21 years $19,701
23 years $23,301
25 years $26,901

Top Solar Installers in New Iberia

Although it's possible to install solar panels by yourself, it involves extra energy and knowledge. For that reason, most homeowners choose a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in New Iberia:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

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 determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.

Solar Equipment

When it comes to estimating the price of a solar energy 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 largely based on your home's energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $2,570 for each additional kilowatt you need. The kind of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in New Iberia to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

Finally, the company you opt for to install your solar panel system can influence how much it costs. New Iberia's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.

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 $15,610 10.5 years
8 kW $2.62 $14,680 $21,101 10.3 years
10 kW $2.57 $17,990 $26,736 10.1 years
12 kW $2.52 $21,156 $32,515 9.9 years
14 kW $2.47 $24,179 $38,438 9.7 years
16 kW $2.42 $27,057 $44,505 9.5 years
18 kW $2.36 $29,791 $50,715 9.3 years
20 kW $2.31 $32,382 $57,070 9.1 years

How to Save on Solar Panels

There are a lot of companies to choose from in New Iberia, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:

  • Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
  • Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
  • Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's New Iberia, LA Solar Cost FAQs

What is the average cost of installing solar panels in New Iberia?

The average cost of solar panels in New Iberia is about $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in New Iberia?

You can't get solar panels for free in New Iberia. 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'd rather own your solar panels, you can finance them with a solar loan.

Do solar panels increase your home value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in New Iberia is currently $111,572, so you can look forward to a value of about $4,574 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in New Iberia is a worthwhile investment.

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 typically produce about 250 to 400 watt-hours per hour, the average house 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.

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