Solar Panel Cost Guide in Shreveport, LA (2024 Update)
- Shreveport Solar Installation Cost: $27,153
- 25-Year Savings: $26,668
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Shreveport
Find out how much it might cost to switch to solar power in Shreveport.
The national average cost of solar panels is $2.66 per watt, but in Shreveport it’s 4 per watt.Since a 10.2-kW system is needed to cover the energy usage of a typical home in Shreveport, the average price of going solar will be about $27,153 after claiming the federal solar tax credit of 0.
These figures are just averages, and the cost of going solar for you will look different based on factors unique to your home and what company you go with.Even with the large upfront cost, the average Shreveport homeowner can save around $17,000 on their energy bills over 20 years, which is one of the perks of solar.
To get a free quote from a pre-vetted solar company in Shreveport, you can click the button below.
Solar savings over time in Shreveport
| Year | Return on Investment |
|---|---|
| 1 years | $-25,633 |
| 3 years | $-22,593 |
| 5 years | $-19,554 |
| 7 years | $-16,514 |
| 9 years | $-13,475 |
| 11 years | $-10,435 |
| 13 years | $-7,396 |
| 15 years | $-4,356 |
| 17 years | $-1,317 |
| 19 years | $1,722 |
| 21 years | $4,762 |
| 23 years | $7,801 |
| 25 years | $10,841 |
Top Solar Installers in Shreveport
Trying to install solar panels yourself can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
There are several licensed solar professionals that can help you install your solar panels. 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
See all of the solar companies in Shreveport
Factors that Affect Solar Panel Costs in Shreveport
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Shreveport: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss 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 power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,800 per kilowatt in Shreveport.The kind of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Shreveport homeowners choose to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, 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 more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Shreveport is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $3.95 | $16,598 | $9,871 | 15.7 years |
| 8 kW | $3.88 | $21,706 | $13,587 | 15.4 years |
| 10 kW | $3.80 | $26,600 | $17,515 | 15.1 years |
| 12 kW | $3.72 | $31,282 | $21,657 | 14.8 years |
| 14 kW | $3.65 | $35,750 | $26,011 | 14.5 years |
| 16 kW | $3.57 | $40,006 | $30,578 | 14.2 years |
| 18 kW | $3.50 | $44,050 | $35,358 | 13.9 years |
| 20 kW | $3.42 | $47,880 | $40,351 | 13.6 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 select the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- 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 big role in the company you hire.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide 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 Shreveport, LA Solar Cost FAQs
How much does it cost to install solar panels in Shreveport?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $19,000 for a 5-kW system and $38,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Shreveport is currently $128,493, so you can look forward to a value of about $5,268 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Shreveport is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last 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.