Solar Panel Cost Guide in New Roads, LA (Sep 2022)

  • New Roads Solar Installation Cost: $18,134
  • 25-Year Savings: $27,666
  • Payback Period: 9.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in New Roads

Find out what the average cost of solar panels are in New Roads.

Currently, the national average cost of solar panels is $2.66 per watt. However, in New Roads, the typical cost of solar panels is $3 per watt. The average New Roads homeowner needs a 10.1-kilowatt system, which would cost about $18,134, or $13,419 after the federal solar tax credit of 30% is applied.

Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in New Roads find going solar can be quite rewarding.

To calculate your potential savings and connect with a local solar company, click the button below.

Solar savings over time in New Roads

Year Return on Investment
1 years $-16,302
3 years $-12,638
5 years $-8,974
7 years $-5,310
9 years $-1,646
11 years $2,018
13 years $5,682
15 years $9,346
17 years $13,010
19 years $16,674
21 years $20,338
23 years $24,002
25 years $27,666

Top Solar Installers in New Roads

DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make converting to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.

If you're on the hunt for a solar company in New Roads, we've put together a list of our top suggestions here:

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

The Green Panel

★★★★★
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 Roads

Factors that Affect Solar Panel Costs in New Roads

The cost of installing a solar system in New Roads can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment Size

The size of the system you need is one of the largest factors that influences the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you want 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

Most solar installers in New Roads offer solar loans, which reduce your upfront costs of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you opt for to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in New Roads, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 $2.67 $11,226 $16,046 10.3 years
8 kW $2.62 $14,680 $21,682 10.1 years
10 kW $2.57 $17,990 $27,462 9.9 years
12 kW $2.52 $21,156 $33,387 9.7 years
14 kW $2.47 $24,179 $39,455 9.5 years
16 kW $2.42 $27,057 $45,667 9.3 years
18 kW $2.36 $29,791 $52,023 9.1 years
20 kW $2.31 $32,382 $58,523 8.9 years

Solar Incentives in New Roads

Name Solar Energy System Exemption
Incentive Amount 100%
More Info Click here

Name Home Energy Loan Program (HELP)
Incentive Amount $6,000 from LA DNR
Website Visit here
More Info Click here

Name New Orleans City - Energy Smart Program
Incentive Amount
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar company you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:

  • Reputation: Your solar installer should have a sound reputation as a company and have proven 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 satisfied reviews from previous customers.
  • Solar Panel Brands: Different companies will have different brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
  • Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
  • Contract: Before signing 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 component breaks or malfunctions and what services you can expect from them.

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

The Green Panel

★★★★★
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 Roads, LA Solar Cost FAQs

How much does it cost to install solar panels in New Roads?

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

Can you get solar panels for free in New Roads?

You can't get solar panels for free in New Roads. 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?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in New Roads is currently $144,687, so you could be looking at a value of about $5,932 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in New Roads is a rewarding investment.

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 larger 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.

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