Solar Panel Cost Guide in Timberlane, LA (Feb 2023)
- Timberlane Solar Installation Cost: $17,810
- 25-Year Savings: $26,939
- Payback Period: 9.9 Years
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Top Solar Installers in Timberlane
Although it's possible to install solar panels on your own, it requires extra labor and handiness. Because of that, most people choose to go with a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be right for your home.
If you're looking for a solar installer in Timberlane, the EcoWatch team has compiled a list of our top suggestions here:
See all of the solar companies in Timberlane
Factors that Affect Solar Panel Costs in Timberlane
Even though the average cost of a solar system in Timberlane is $17,810, your actual cost may differ. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
When it comes to estimating the price of a solar energy system in Timberlane, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,570 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Timberlane, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the amount of 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 significantly.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can influence the cost. Timberlane's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more 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 promotion can bring their pricing lower 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||$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 solar installer you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
EcoWatch's Timberlane, LA Solar Cost FAQs
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.