Solar Panel Cost Guide in Woodmere, LA (2023 Update)
- Woodmere Solar Installation Cost: $17,810
- 25-Year Savings: $26,939
- Payback Period: 9.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Woodmere
Let's take a look at the average cost of solar in Woodmere.
The average cost of a solar system in Woodmere is 2.57 per watt. Using this figure, a typical 9.9-kW system would cost about $17,810 before the 30% federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will look different based on your energy needs and what company you want to go with. With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Woodmere find installing solar panels can be quite rewarding.
You can click the button below to get connected with a top solar installer in Woodmere for a quote for your home.
Solar savings over time in Woodmere
| 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 Woodmere
Trying to install solar panels by yourself can be a challenging task, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Woodmere
Factors that Affect Solar Panel Costs in Woodmere
There are a number of factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Woodmere to be prohibitively expensive, 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 result in higher prices over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can influence your pricing. Woodmere's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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
There are numerous companies to choose from in Woodmere, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Woodmere, LA Solar Cost FAQs
How much does it cost to install solar panels in Woodmere?
The average cost of solar panels in Woodmere is about $12,850 for a 5-kW system and $25,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Woodmere?
You can't get solar panels for free in Woodmere. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Woodmere have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 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.