Solar Panel Cost Guide in Oak Hills Place, LA (2025 Update)
- Oak Hills Place Solar Installation Cost: $26,518
- 25-Year Savings: $27,865
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Oak Hills Place
Here’s how much it might cost to go solar in Oak Hills Place.
The average cost of solar panels in Oak Hills Place is 4 per watt.Using this figure, a typical 10.0-kW system would cost about $26,518 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar panels you choose, your solar contractor and more.But, once you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $17,000 over 20 years on energy bills.
To receive a free quote from a vetted solar company in Oak Hills Place, you can click the button below.
Solar savings over time in Oak Hills Place
| Year | Return on Investment |
|---|---|
| 1 years | $-25,144 |
| 3 years | $-22,396 |
| 5 years | $-19,648 |
| 7 years | $-16,901 |
| 9 years | $-14,153 |
| 11 years | $-11,406 |
| 13 years | $-8,658 |
| 15 years | $-5,910 |
| 17 years | $-3,163 |
| 19 years | $-415 |
| 21 years | $2,333 |
| 23 years | $5,080 |
| 25 years | $7,828 |
Top Solar Installers in Oak Hills Place
When making the switch to solar, many homeowners decide to go with a solar company since putting up a solar system yourself can be a time-consuming project. Some solar installers, particularly local ones, can help you make the most of incentives in Oak Hills Place, optimizing your ROI.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Oak Hills Place
Factors that Affect Solar Panel Costs in Oak Hills Place
There are several criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,800.There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Plus, 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Oak Hills Place homeowners decide to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of financing options, 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 principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Oak Hills Place is the company you get to install your solar system. As with choosing a company to build a deck or pool, for instance, you’ll have no shortage of solar installers that provide a range of services for different budgets.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to 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 | $10,967 | 15.1 years |
| 8 kW | $3.88 | $21,706 | $15,048 | 14.8 years |
| 10 kW | $3.80 | $26,600 | $19,342 | 14.5 years |
| 12 kW | $3.72 | $31,282 | $23,848 | 14.2 years |
| 14 kW | $3.65 | $35,750 | $28,568 | 13.9 years |
| 16 kW | $3.57 | $40,006 | $33,500 | 13.6 years |
| 18 kW | $3.50 | $44,050 | $38,645 | 13.3 years |
| 20 kW | $3.42 | $47,880 | $44,003 | 13.0 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Warranty: If you’re concerned about the endurance of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
EcoWatch's Oak Hills Place, LA Solar Cost FAQs
What is the average cost of installing solar panels in Oak Hills Place?
This is a difficult question to answer exactly, 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Oak Hills Place?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Oak Hills Place have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.