Solar Panel Cost Guide in Schriever, LA (2023 Update)
- Schriever Solar Installation Cost: $17,797
- 25-Year Savings: $20,806
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Schriever
Find out what the average cost of installing solar panels is in Schriever.
The national average cost of solar panels is $2.66 per watt, but in Schriever it's 2.57 per watt. To cover the typical energy usage of the average home in Schriever, most homeowners require a 9.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,792, or $25,443 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary based on several factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Schriever can save around $15,000 on their energy bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a personalized quote.
Solar savings over time in Schriever
| Year | Return on Investment |
|---|---|
| 1 years | $-16,488 |
| 3 years | $-13,869 |
| 5 years | $-11,251 |
| 7 years | $-8,632 |
| 9 years | $-6,014 |
| 11 years | $-3,395 |
| 13 years | $-777 |
| 15 years | $1,842 |
| 17 years | $4,460 |
| 19 years | $7,079 |
| 21 years | $9,697 |
| 23 years | $12,316 |
| 25 years | $14,935 |
Top Solar Installers in Schriever
Putting up solar panels by yourself can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you take advantage of incentives in Schriever, therefore optimizing your ROI.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Schriever
Factors that Affect Solar Panel Costs in Schriever
For many Schriever homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Schriever, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Schriever, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $12,187 | 12.0 years |
| 8 kW | $2.62 | $14,680 | $16,537 | 11.8 years |
| 10 kW | $2.57 | $17,990 | $21,031 | 11.5 years |
| 12 kW | $2.52 | $21,156 | $25,669 | 11.3 years |
| 14 kW | $2.47 | $24,179 | $30,451 | 11.1 years |
| 16 kW | $2.42 | $27,057 | $35,376 | 10.8 years |
| 18 kW | $2.36 | $29,791 | $40,446 | 10.6 years |
| 20 kW | $2.31 | $32,382 | $45,660 | 10.4 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:
- Solar Panel Brands: The brand of solar panel you want plays a role in which installer you should go with, since different companies provide different panels.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
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 Schriever, LA Solar Cost FAQs
What is the average cost of installing solar panels in Schriever?
This is a hard question to answer exactly, because the cost depends on a few different 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 extra solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Schriever?
Leasing solar panels can be an option if you are unable 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 savings from going solar.
Is making the switch to solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
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 amount 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.