Solar Panel Cost Guide in Pineville, LA (2023 Update)
- Pineville Solar Installation Cost: $18,188
- 25-Year Savings: $33,766
- Payback Period: 8.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pineville
Let's have a look at the average cost of solar panels in Pineville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pineville, the typical cost of solar panels is 2.57 per watt. Because a 10.1-kW system is needed to cover the energy costs of a typical home in Pineville, the average price of going solar will be about $18,188 after claiming the federal solar tax credit of 30%.
These figures are only averages, and how much solar costs for you will most likely vary based on factors unique to your home and what company you choose to go with. But, after you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on electricity bills.
To get a free quote from a highly rated solar installation company in Pineville, you can click the button below.
Solar savings over time in Pineville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,110 |
| 3 years | $-11,953 |
| 5 years | $-7,797 |
| 7 years | $-3,641 |
| 9 years | $515 |
| 11 years | $4,672 |
| 13 years | $8,828 |
| 15 years | $12,984 |
| 17 years | $17,141 |
| 19 years | $21,297 |
| 21 years | $25,453 |
| 23 years | $29,610 |
| 25 years | $33,766 |
Top Solar Installers in Pineville
When going solar, many homeowners opt to hire a solar installation company since putting up a solar system yourself can be a challenging project. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be right for your home.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Pineville
Factors that Affect Solar Panel Costs in Pineville
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Pineville: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you only 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 Pineville have solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also adds to your total costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a part in determining the cost. Pineville's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Pineville know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $19,620 | 9.1 years |
| 8 kW | $2.62 | $14,680 | $26,448 | 8.9 years |
| 10 kW | $2.57 | $17,990 | $33,420 | 8.7 years |
| 12 kW | $2.52 | $21,156 | $40,536 | 8.6 years |
| 14 kW | $2.47 | $24,179 | $47,796 | 8.4 years |
| 16 kW | $2.42 | $27,057 | $55,199 | 8.2 years |
| 18 kW | $2.36 | $29,791 | $62,747 | 8.0 years |
| 20 kW | $2.31 | $32,382 | $70,438 | 7.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things to understand when adopting solar energy 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 secure and what the project timeline is.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Pineville, LA Solar Cost FAQs
What is the average cost of installing solar panels in Pineville?
The average cost of solar panels in Pineville 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 use.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Pineville?
Each state has some kind 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 energy bills.
How long do solar panels last in Pineville?
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 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.