Solar Panel Cost Guide in Springhill, LA (2024 Update)
- Springhill Solar Installation Cost: $27,345
- 25-Year Savings: $23,700
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Springhill
Here’s how much it might cost to make the switch to solar in Springhill.
In Springhill, solar panels cost about 4 per watt on average.Since a 10.3-kW system is needed to cover the energy consumption of a typical home in Springhill, the average price of going solar will be about $27,345 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Springhill homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $16,000 on utility bills over 20 years, many homeowners in Springhill find going solar has a decent ROI.
You can click the button below to get connected with a top solar installer in Springhill that can help you get a more accurate cost estimate for your home.
Solar savings over time in Springhill
| Year | Return on Investment |
|---|---|
| 1 years | $-26,036 |
| 3 years | $-23,417 |
| 5 years | $-20,799 |
| 7 years | $-18,180 |
| 9 years | $-15,562 |
| 11 years | $-12,943 |
| 13 years | $-10,325 |
| 15 years | $-7,706 |
| 17 years | $-5,088 |
| 19 years | $-2,469 |
| 21 years | $149 |
| 23 years | $2,768 |
| 25 years | $5,386 |
Top Solar Installers in Springhill
When going solar, many homeowners opt to hire a solar company since putting up solar panels yourself can be a difficult project. Another benefit of utilizing a solar installer is that they can help you make the most of your ROI by bringing down your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you're searching for a solar company in Springhill, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Springhill
Factors that Affect Solar Panel Costs in Springhill
Though the average cost of a solar system in Springhill is $27,345, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,800. The model of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Springhill homeowners choose to finance their solar panel systems to offset upfront costs.Although solar loans make adopting solar energy more accessible for Springhill homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
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 Springhill is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that offer a range of services at different costs.The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $8,028 | 16.9 years |
| 8 kW | $3.88 | $21,706 | $11,129 | 16.5 years |
| 10 kW | $3.80 | $26,600 | $14,444 | 16.2 years |
| 12 kW | $3.72 | $31,282 | $17,971 | 15.9 years |
| 14 kW | $3.65 | $35,750 | $21,711 | 15.6 years |
| 16 kW | $3.57 | $40,006 | $25,664 | 15.2 years |
| 18 kW | $3.50 | $44,050 | $29,829 | 14.9 years |
| 20 kW | $3.42 | $47,880 | $34,208 | 14.6 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Springhill, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Springhill, LA Solar Cost FAQs
How much does it cost to install solar panels in Springhill?
This is a tough question to answer exactly, because the cost depends on a variety of 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 other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Springhill?
You can’t get solar panels for free in Springhill. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Springhill?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Springhill?
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 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.