Solar Panel Cost Guide in Oak Hills Place, LA (2023 Update)
- Oak Hills Place Solar Installation Cost: $17,934
- 25-Year Savings: $27,865
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Oak Hills Place
Find out how much it might cost to install solar panels in Oak Hills Place.
Although the national average of solar panels is $2.66 per watt, solar panels in Oak Hills Place typically cost about 2.57. The average Oak Hills Place homeowner needs a 10.0-kilowatt system, which would cost about $17,936 with the federal tax credit, or $25,648 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary based on several factors, such as what size system you need, your energy usage and what installation company you go with. Despite the high initial cost, the average Oak Hills Place homeowner can save around $17,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar installer in Oak Hills Place that can help you get a more accurate cost estimate for your home.
Solar savings over time in Oak Hills Place
| Year | Return on Investment |
|---|---|
| 1 years | $-16,560 |
| 3 years | $-13,813 |
| 5 years | $-11,065 |
| 7 years | $-8,318 |
| 9 years | $-5,570 |
| 11 years | $-2,822 |
| 13 years | $-75 |
| 15 years | $2,673 |
| 17 years | $5,421 |
| 19 years | $8,168 |
| 21 years | $10,916 |
| 23 years | $13,664 |
| 25 years | $16,411 |
Top Solar Installers in Oak Hills Place
When going solar, many homeowners choose to use a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Another great thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
Working with a licensed solar installer can make going solar easier. 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
See all of the solar companies in Oak Hills Place
Factors that Affect Solar Panel Costs in Oak Hills Place
While the average cost of a solar system in Oak Hills Place is $17,936, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,570 per kilowatt in Oak Hills Place. The 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. However, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Oak Hills Place average.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your total costs, so it's crucial to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Oak Hills Place, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due 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 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 | $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 companies to choose from in Oak Hills Place, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Oak Hills Place, LA Solar Cost FAQs
What is the average cost of installing solar panels in Oak Hills Place?
The average cost of solar panels in Oak Hills Place 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need 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 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 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.