Solar Panel Cost Guide in Woodmere, LA (2024 Update)
- Woodmere Solar Installation Cost: $26,333
- 25-Year Savings: $26,940
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Woodmere
Find out how much it might cost to go solar in Woodmere.
The national average cost of solar panels is $2.66 per watt, but in Woodmere it’s 4 per watt.To cover the typical energy usage of the average home in Woodmere, most homeowners require a 9.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $26,333, or $37,656 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar panels you choose, your solar contractor and more.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Woodmere can save around $17,000 on their power bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Woodmere
| Year | Return on Investment |
|---|---|
| 1 years | $-25,024 |
| 3 years | $-22,405 |
| 5 years | $-19,787 |
| 7 years | $-17,168 |
| 9 years | $-14,550 |
| 11 years | $-11,931 |
| 13 years | $-9,313 |
| 15 years | $-6,694 |
| 17 years | $-4,076 |
| 19 years | $-1,457 |
| 21 years | $1,161 |
| 23 years | $3,780 |
| 25 years | $6,399 |
Top Solar Installers in Woodmere
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring a solar company can make your switch to solar power much easier. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Woodmere
Factors that Affect Solar Panel Costs in Woodmere
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Woodmere: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,800 per kilowatt in Woodmere.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a role in determining the cost. Woodmere’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, 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 | $3.95 | $16,598 | $10,523 | 15.3 years |
| 8 kW | $3.88 | $21,706 | $14,456 | 15.0 years |
| 10 kW | $3.80 | $26,600 | $18,602 | 14.7 years |
| 12 kW | $3.72 | $31,282 | $22,961 | 14.4 years |
| 14 kW | $3.65 | $35,750 | $27,533 | 14.1 years |
| 16 kW | $3.57 | $40,006 | $32,317 | 13.8 years |
| 18 kW | $3.50 | $44,050 | $37,314 | 13.5 years |
| 20 kW | $3.42 | $47,880 | $42,524 | 13.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
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 $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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places 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.
Is it worth going solar in Woodmere?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.