Solar Panel Cost Guide in Oak Hills Place, LA (Mar 2023)
- Oak Hills Place Solar Installation Cost: $17,936
- 25-Year Savings: $27,864
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Oak Hills Place
Find out what the average cost of a solar system is in Oak Hills Place.
While the national average of solar panels is $2.66 per watt, solar panels in Oak Hills Place generally cost around 2.57. Because a 10.0-kW system is needed to cover the energy consumption of a typical home in Oak Hills Place, the average price of going solar will be about $17,936 after claiming the federal solar tax credit of 30%.
These figures are only averages, and the cost of going solar for you will most likely differ based on your energy needs and what company you choose to go with. With average savings of about $17,000 on electricity bills over 20 years, many homeowners in Oak Hills Place find investing in solar can pay off big.
To get a free quote from a pre-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 | $-16,104 |
| 3 years | $-12,440 |
| 5 years | $-8,776 |
| 7 years | $-5,112 |
| 9 years | $-1,448 |
| 11 years | $2,216 |
| 13 years | $5,880 |
| 15 years | $9,544 |
| 17 years | $13,208 |
| 19 years | $16,872 |
| 21 years | $20,536 |
| 23 years | $24,200 |
| 25 years | $27,864 |
Top Solar Installers in Oak Hills Place
Although it's possible to install solar panels on your own, it involves extra time and handiness. That's one of the reasons most people choose a solar panel installer. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar company as well, which can save you more money over time.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,570. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Oak Hills Place average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Oak Hills Place homeowners opt to finance their solar panel systems to make going solar more affordable. Even though solar loans make switching to solar energy more accessible for Oak Hills Place homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Oak Hills Place is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services for different budgets. The company's size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better 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 promotion can bring their pricing down to compete with bigger names.
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 | $16,339 | 10.2 years |
| 8 kW | $2.62 | $14,680 | $22,074 | 10.0 years |
| 10 kW | $2.57 | $17,990 | $27,952 | 9.8 years |
| 12 kW | $2.52 | $21,156 | $33,974 | 9.6 years |
| 14 kW | $2.47 | $24,179 | $40,140 | 9.4 years |
| 16 kW | $2.42 | $27,057 | $46,450 | 9.2 years |
| 18 kW | $2.36 | $29,791 | $52,904 | 9.0 years |
| 20 kW | $2.31 | $32,382 | $59,501 | 8.8 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 find the right company for you, here are some tips to keep in mind:
- 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 company, such as what permits you should acquire and how long the project will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: The kind of solar panel you'd like plays a role in which company you should go with, since different companies provide different panels.
- Contract: Before signing a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Oak Hills Place, LA Solar Cost FAQs
How much does it cost to install solar panels in Oak Hills Place?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,850 for a 5-kW system and $25,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with 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 be mindful of are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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 install 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.
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.