Solar Panel Cost Guide in New Roads, LA (2024 Update)
- New Roads Solar Installation Cost: $26,803
- 25-Year Savings: $27,672
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in New Roads
Find out what the average cost of a solar system is in New Roads.
The average cost of a solar system in New Roads is 4 per watt.The average solar panel system size in New Roads is around 10.1 kilowatts, meaning a cost of about $26,803 for a solar installation, or $38,328 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in New Roads see about $17,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in New Roads
| Year | Return on Investment |
|---|---|
| 1 years | $-25,429 |
| 3 years | $-22,682 |
| 5 years | $-19,934 |
| 7 years | $-17,186 |
| 9 years | $-14,439 |
| 11 years | $-11,691 |
| 13 years | $-8,943 |
| 15 years | $-6,196 |
| 17 years | $-3,448 |
| 19 years | $-700 |
| 21 years | $2,047 |
| 23 years | $4,795 |
| 25 years | $7,543 |
Top Solar Installers in New Roads
Many homeowners decide to hire a solar panel company since trying to put up solar panels yourself can be hard. The expertise that solar installers offer can be useful as well, especially if you aren’t sure what type of solar equipment would be right for your home.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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 Roads
Factors that Affect Solar Panel Costs in New Roads
While the average cost of a solar system in New Roads is $26,803, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like New Roads, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in New Roads to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest.Even though solar loans make switching to solar energy more accessible for New Roads homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in New Roads is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services for different budgets.You may notice 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 specials to compete with those major players.
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 | $10,673 | 15.2 years |
| 8 kW | $3.88 | $21,706 | $14,656 | 14.9 years |
| 10 kW | $3.80 | $26,600 | $18,852 | 14.6 years |
| 12 kW | $3.72 | $31,282 | $23,261 | 14.3 years |
| 14 kW | $3.65 | $35,750 | $27,883 | 14.0 years |
| 16 kW | $3.57 | $40,006 | $32,718 | 13.8 years |
| 18 kW | $3.50 | $44,050 | $37,765 | 13.5 years |
| 20 kW | $3.42 | $47,880 | $43,025 | 13.2 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 models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Contract: Read the contract terms carefully to make sure you understand the total cost, project timeline incentives and warranties.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best National Provider
SunPower
- 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
- 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 Roads, LA Solar Cost FAQs
How much does it cost to install solar panels in New Roads?
This is a hard question to answer exactly, because the cost depends on a variety of 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. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in New Roads?
You can’t get solar panels for free in New Roads. 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.
Does New Roads have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
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 goes down 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.