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.
Although the national average of solar panels is $2.66 per watt, solar panels in Woodmere typically cost around 4.To account for 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 about $26,333, or $37,656 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar panels you choose, your solar contractor and more.But, after you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $17,000 over 20 years on utility bills.
To receive a free quote from a highly rated solar installer in Woodmere, you can 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
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make your switch to solar power much easier. Because solar panels are exposed to temperature swings and extreme weather, 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.
If you’d like to start using solar energy but still aren’t certain which solar panel installer to go with, here are our recommendations for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
For many Woodmere homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Woodmere, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,800.The kind of solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Woodmere average.
Solar Financing Terms
Many homeowners find the average cost of solar in Woodmere to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can impact your pricing. Woodmere’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $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
Since the model of solar panels and the installation company you choose considerably influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When reading through 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 such as a system component breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
What is the average cost of installing solar panels in Woodmere?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $19,000 for a 5-kW system and $38,000 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 needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Woodmere?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Woodmere?
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 their energy production will have decreased significantly after that point. You can opt to replace them after having 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.