Solar Panel Cost Guide in Winnfield, LA (2023 Update)
- Winnfield Solar Installation Cost: $18,306
- 25-Year Savings: $27,290
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Winnfield
See how much it might cost to make the switch to solar in Winnfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Winnfield, the average cost of a solar system is 2.57 per watt. Because a 10.2-kW system is needed to cover the energy consumption of a typical home in Winnfield, the average price of going solar will be about $18,314 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary based on several factors, such as what size system you need, your energy usage and what solar installer you go with. With average savings of about $17,000 on power bills over 20 years, many homeowners in Winnfield find going solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in your area for a customized estimate.
Solar savings over time in Winnfield
| Year | Return on Investment |
|---|---|
| 1 years | $-16,728 |
| 3 years | $-13,573 |
| 5 years | $-10,418 |
| 7 years | $-7,262 |
| 9 years | $-4,107 |
| 11 years | $-952 |
| 13 years | $2,203 |
| 15 years | $5,359 |
| 17 years | $8,514 |
| 19 years | $11,669 |
| 21 years | $14,824 |
| 23 years | $17,980 |
| 25 years | $21,135 |
Top Solar Installers in Winnfield
Many homeowners decide to use a solar panel company since figuring out how to install solar panels yourself can be time-consuming. A solar company can also help save you money over time by offering warranties, repairs and part replacements.
There are a number of licensed solar professionals that can help you install your solar panels. 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
See all of the solar companies in Winnfield
Factors that Affect Solar Panel Costs in Winnfield
The cost of installing a solar system in Winnfield can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $2,570 per kilowatt in Winnfield. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Winnfield average.
Solar Financing Terms
Most solar companies in Winnfield provide solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also increases your overall costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Winnfield is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Winnfield have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $15,660 | 10.4 years |
| 8 kW | $2.62 | $14,680 | $21,167 | 10.2 years |
| 10 kW | $2.57 | $17,990 | $26,819 | 10.0 years |
| 12 kW | $2.52 | $21,156 | $32,615 | 9.8 years |
| 14 kW | $2.47 | $24,179 | $38,554 | 9.6 years |
| 16 kW | $2.42 | $27,057 | $44,638 | 9.4 years |
| 18 kW | $2.36 | $29,791 | $50,865 | 9.2 years |
| 20 kW | $2.31 | $32,382 | $57,236 | 9.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: If you're worried about the durability of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
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 Winnfield, LA Solar Cost FAQs
How much does it cost to install solar panels in Winnfield?
This is a tough question to answer exactly, because the cost depends on many factors. Generally 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Winnfield?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 install between 20 and 35 panels to cover 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.