Solar Panel Cost Guide in Ville Platte, LA (2024 Update)
- Ville Platte Solar Installation Cost: $26,453
- 25-Year Savings: $28,620
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Ville Platte
Find out what the average cost of installing solar panels is in Ville Platte.
Although the national average of solar panels is $2.66 per watt, solar panels in Ville Platte generally cost about 4.The average Ville Platte homeowner needs a 9.9-kilowatt system, which would cost about $26,453 with the federal tax credit, or $37,828 before the 0 tax credit is applied.
The true price you pay can be above or below the average in Ville Platte based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.With average savings of about $18,000 on electricity bills over 20 years, many homeowners in Ville Platte find going solar can pay off big.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Ville Platte
| Year | Return on Investment |
|---|---|
| 1 years | $-24,875 |
| 3 years | $-21,720 |
| 5 years | $-18,565 |
| 7 years | $-15,410 |
| 9 years | $-12,254 |
| 11 years | $-9,099 |
| 13 years | $-5,944 |
| 15 years | $-2,789 |
| 17 years | $367 |
| 19 years | $3,522 |
| 21 years | $6,677 |
| 23 years | $9,832 |
| 25 years | $12,988 |
Top Solar Installers in Ville Platte
Trying to install solar panels on your own can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. Local solar companies can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you're searching for a solar company in Ville Platte, we've put together a list of our top suggestions here:
See all of the solar companies in Ville Platte
Factors that Affect Solar Panel Costs in Ville Platte
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Ville Platte: 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 energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,800 per kilowatt in Ville Platte.There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Ville Platte, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s important to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.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 because of access to greater resources and bulk 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 lower to compete with bigger companies.
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 | $11,463 | 14.8 years |
| 8 kW | $3.88 | $21,706 | $15,709 | 14.5 years |
| 10 kW | $3.80 | $26,600 | $20,169 | 14.2 years |
| 12 kW | $3.72 | $31,282 | $24,841 | 13.9 years |
| 14 kW | $3.65 | $35,750 | $29,726 | 13.7 years |
| 16 kW | $3.57 | $40,006 | $34,824 | 13.4 years |
| 18 kW | $3.50 | $44,050 | $40,134 | 13.1 years |
| 20 kW | $3.42 | $47,880 | $45,658 | 12.8 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you’d like to install plays a role in which installer you should opt for, since different companies have access to different panels.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
EcoWatch's Ville Platte, LA Solar Cost FAQs
How much does it cost to install solar panels in Ville Platte?
The average cost of solar panels in Ville Platte is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Ville Platte?
Leasing solar panels can be an option if you are unable to 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 home 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 financial benefits from going solar.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $935.38 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.