Solar Panel Cost Guide in Springhill, LA (Mar 2023)
- Springhill Solar Installation Cost: $18,494
- 25-Year Savings: $23,700
- Payback Period: 11.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Springhill
Find out what the average cost of solar panels are in Springhill.
The average cost of solar panels in Springhill is 2.57 per watt. 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 $18,494 after claiming the federal solar tax credit of 30%.
The true price you pay can go above or below the average in Springhill depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Springhill can save about $16,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Springhill
| Year | Return on Investment |
|---|---|
| 1 years | $-16,806 |
| 3 years | $-13,430 |
| 5 years | $-10,055 |
| 7 years | $-6,679 |
| 9 years | $-3,304 |
| 11 years | $72 |
| 13 years | $3,447 |
| 15 years | $6,823 |
| 17 years | $10,198 |
| 19 years | $13,574 |
| 21 years | $16,949 |
| 23 years | $20,325 |
| 25 years | $23,700 |
Top Solar Installers in Springhill
When going solar, many homeowners decide to hire a solar installer since installing a solar system yourself can be a challenging project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
There are various 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 Springhill
Factors that Affect Solar Panel Costs in Springhill
The cost of installing a solar system in Springhill can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require 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. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Springhill average.
Solar Financing Terms
Solar panels can save you money on energy 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. You'll have to consider the long-term cost of loans, including the total 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 original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Springhill, you'll have many options to choose from, but each comes at various price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fit into 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 | $2.67 | $11,226 | $13,401 | 11.4 years |
| 8 kW | $2.62 | $14,680 | $18,155 | 11.2 years |
| 10 kW | $2.57 | $17,990 | $23,054 | 11.0 years |
| 12 kW | $2.52 | $21,156 | $28,096 | 10.7 years |
| 14 kW | $2.47 | $24,179 | $33,283 | 10.5 years |
| 16 kW | $2.42 | $27,057 | $38,613 | 10.3 years |
| 18 kW | $2.36 | $29,791 | $44,087 | 10.1 years |
| 20 kW | $2.31 | $32,382 | $49,706 | 9.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The kind of solar panel you want to get plays a role in which company you should choose, since different companies have different panels.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide 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 Springhill, LA Solar Cost FAQs
What is the average cost of installing solar panels in Springhill?
This is a tough question to answer exactly, because the cost depends on many 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Springhill?
A solar panel system isn't free in Springhill, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.