Solar Panel Cost Guide in Pineville, LA (2024 Update)
- Pineville Solar Installation Cost: $26,881
- 25-Year Savings: $33,774
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Pineville
Find out how much it might cost to go solar in Pineville.
The national average cost of solar panels is $2.66 per watt, but in Pineville it’s 4 per watt.To account for the typical energy usage of the average home in Pineville, most homeowners require a 10.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $26,881, or $38,440 before the federal solar tax credit of 0 is applied.
These figures are only estimates, 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.For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $20,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Pineville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Pineville
| Year | Return on Investment |
|---|---|
| 1 years | $-25,303 |
| 3 years | $-22,148 |
| 5 years | $-18,993 |
| 7 years | $-15,838 |
| 9 years | $-12,682 |
| 11 years | $-9,527 |
| 13 years | $-6,372 |
| 15 years | $-3,217 |
| 17 years | $-61 |
| 19 years | $3,094 |
| 21 years | $6,249 |
| 23 years | $9,404 |
| 25 years | $12,560 |
Top Solar Installers in Pineville
When switching to solar energy, many homeowners opt to hire a solar company since installing solar panels yourself can be a challenging project. Some solar companies, especially local ones, can help you make the most of incentives in Pineville, optimizing your ROI.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Pineville:
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 major factors that affect your total cost in Pineville: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most significant 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 energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,800 per kilowatt in Pineville.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Pineville, where sunlight is abundant, efficiency can quickly pay off. Also, 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 Pineville to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Pineville, and each can charge varying amounts for labor and equipment.The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk 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 discount 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 | $3.95 | $16,598 | $14,248 | 13.5 years |
| 8 kW | $3.88 | $21,706 | $19,423 | 13.2 years |
| 10 kW | $3.80 | $26,600 | $24,810 | 12.9 years |
| 12 kW | $3.72 | $31,282 | $30,411 | 12.7 years |
| 14 kW | $3.65 | $35,750 | $36,224 | 12.4 years |
| 16 kW | $3.57 | $40,006 | $42,250 | 12.2 years |
| 18 kW | $3.50 | $44,050 | $48,489 | 11.9 years |
| 20 kW | $3.42 | $47,880 | $54,940 | 11.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should opt for, since different companies have access to different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- 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 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?
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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your home value significantly 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% after installing a solar system."
How long do solar panels last in Pineville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.