Solar Panel Cost Guide in Terrytown, LA (Dec 2022)

  • Terrytown Solar Installation Cost: $17,810
  • 25-Year Savings: $26,939
  • Payback Period: 9.9 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Terrytown

Find out what the average cost of a solar system is in Terrytown.

The national average cost of solar panels is $2.66 per watt, but in Terrytown it's $3 per watt. To account for the typical energy needs of the average home in Terrytown, most homeowners require a 9.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,810, or $13,179 after the federal solar tax credit of 30% is applied.

How much you pay can be above or below the average in Terrytown based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. Even with the high initial cost, the average Terrytown homeowner can save about $17,000 on their power bills over 20 years, which is one of the perks of solar.

You can click the button below to get connected with a pre-vetted solar company in Terrytown for a quote for your home.

Solar savings over time in Terrytown

Year Return on Investment
1 years $-16,020
3 years $-12,440
5 years $-8,860
7 years $-5,280
9 years $-1,700
11 years $1,879
13 years $5,459
15 years $9,039
17 years $12,619
19 years $16,199
21 years $19,779
23 years $23,359
25 years $26,939

Top Solar Installers in Terrytown

Installing solar panels by yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.

Working with a licensed solar installer can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Terrytown

Factors that Affect Solar Panel Costs in Terrytown

Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Terrytown: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 over time on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Terrytown average.

Solar Financing Terms

Many homeowners find the average cost of solar in Terrytown to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

A final factor to consider when trying to evaluate the cost of solar for your home or business in Terrytown is the company you choose to install your solar system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services at different costs. You may see 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 $2.67 $11,226 $15,896 10.3 years
8 kW $2.62 $14,680 $21,482 10.1 years
10 kW $2.57 $17,990 $27,212 9.9 years
12 kW $2.52 $21,156 $33,086 9.8 years
14 kW $2.47 $24,179 $39,105 9.6 years
16 kW $2.42 $27,057 $45,267 9.4 years
18 kW $2.36 $29,791 $51,573 9.2 years
20 kW $2.31 $32,382 $58,022 9.0 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:

  • Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
  • Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
  • Solar Panel Brands: Different companies have different brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
  • Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Terrytown, LA Solar Cost FAQs

How much does it cost to install solar panels in Terrytown?

This is a tough question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Should I lease or buy solar panels in Terrytown?

Leasing solar panels can be an option if you can't 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 property 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.

How will installing 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 Terrytown is currently $171,600, which means you can expect a value of about $7,036 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Terrytown is a rewarding investment.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

solar panel and sunny sky
Invest in clean solar energy, save thousands of dollars.

Save $$ on your electricity bill by getting a free quote today.

Follow us