Solar Panel Cost Guide in Schriever, LA (2023 Update)
- Schriever Solar Installation Cost: $17,792
- 25-Year Savings: $20,811
- Payback Period: 11.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Schriever
Here's how much it might cost to go solar in Schriever.
The average cost of a solar panel system in Schriever is 2.57 per watt. The average Schriever homeowner needs a 9.9-kilowatt system, which would cost about $17,792 with the federal tax credit, or $25,443 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Schriever see about $15,000 in savings on utility bills over 20 years.
To get a free estimate from a top solar company in Schriever, you can click the button below.
Solar savings over time in Schriever
| Year | Return on Investment |
|---|---|
| 1 years | $-16,248 |
| 3 years | $-13,160 |
| 5 years | $-10,072 |
| 7 years | $-6,983 |
| 9 years | $-3,895 |
| 11 years | $-807 |
| 13 years | $2,281 |
| 15 years | $5,370 |
| 17 years | $8,458 |
| 19 years | $11,546 |
| 21 years | $14,634 |
| 23 years | $17,722 |
| 25 years | $20,811 |
Top Solar Installers in Schriever
Many homeowners decide to hire a solar installer since trying to put up solar panels on your own can be time-consuming. The payback period on a solar system will vary depending on factors like your roof configuration and energy consumption, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Schriever
Factors that Affect Solar Panel Costs in Schriever
The cost of installing a solar system in Schriever can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with 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 $2,570. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Schriever, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Schriever homeowners choose to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only 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 securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Schriever is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, you'll have many options for solar installers that provide a range of services for different budgets. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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.