Solar Panel Cost Guide in Raceland, LA (2024 Update)
- Raceland Solar Installation Cost: $26,297
- 25-Year Savings: $20,818
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Raceland
Find out what the average cost of installing solar panels is in Raceland.
In Raceland, solar panels cost about 4 per watt on average.Because a 9.9-kW system is needed to cover the energy consumption of a typical home in Raceland, the average price of going solar will be about $26,297 after claiming the federal solar tax credit of 0.
How much you pay can be above or below the average in Raceland depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Raceland can save about $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a personalized estimate.
Solar savings over time in Raceland
| Year | Return on Investment |
|---|---|
| 1 years | $-24,988 |
| 3 years | $-22,369 |
| 5 years | $-19,751 |
| 7 years | $-17,132 |
| 9 years | $-14,514 |
| 11 years | $-11,895 |
| 13 years | $-9,277 |
| 15 years | $-6,658 |
| 17 years | $-4,040 |
| 19 years | $-1,421 |
| 21 years | $1,197 |
| 23 years | $3,816 |
| 25 years | $6,434 |
Top Solar Installers in Raceland
When going solar, many homeowners choose to use a solar installer since installing a solar system yourself can be a challenging project. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Raceland
Factors that Affect Solar Panel Costs in Raceland
Although the average cost of a solar system in Raceland is $26,297, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,800.There are many different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient 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
Most solar installers in Raceland provide solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also adds to your overall costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Raceland, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that has the products, warranties and services you want and also is within your budget.
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 | $6,830 | 17.7 years |
| 8 kW | $3.88 | $21,706 | $9,532 | 17.4 years |
| 10 kW | $3.80 | $26,600 | $12,447 | 17.0 years |
| 12 kW | $3.72 | $31,282 | $15,575 | 16.7 years |
| 14 kW | $3.65 | $35,750 | $18,915 | 16.3 years |
| 16 kW | $3.57 | $40,006 | $22,469 | 16.0 years |
| 18 kW | $3.50 | $44,050 | $26,235 | 15.7 years |
| 20 kW | $3.42 | $47,880 | $30,214 | 15.3 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
EcoWatch's Raceland, LA Solar Cost FAQs
How much does it cost to install solar panels in Raceland?
The average cost of solar panels in Raceland is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Raceland?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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.
Can you sell solar power back to the grid in Raceland?
The majority of states have net metering programs of some kind. Through these, you can get paid 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.
How long do solar panels last in Raceland?
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 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.