Solar Panel Cost Guide in Youngsville, LA (2024 Update)
- Youngsville Solar Installation Cost: $26,449
- 25-Year Savings: $28,517
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Youngsville
Let’s take a look at the average cost of solar in Youngsville.
The national average cost of solar panels is $2.66 per watt, but in Youngsville it’s 4 per watt.The average solar panel system size in Youngsville is around 9.9 kilowatts, meaning a cost of about $26,449 for a solar installation, or $37,822 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on the amount of energy your home requires and what company you want to go with.With average savings of about $18,000 on energy bills over 20 years, many homeowners in Youngsville find installing solar panels has a decent ROI.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Youngsville
| Year | Return on Investment |
|---|---|
| 1 years | $-24,871 |
| 3 years | $-21,716 |
| 5 years | $-18,561 |
| 7 years | $-15,406 |
| 9 years | $-12,250 |
| 11 years | $-9,095 |
| 13 years | $-5,940 |
| 15 years | $-2,785 |
| 17 years | $371 |
| 19 years | $3,526 |
| 21 years | $6,681 |
| 23 years | $9,836 |
| 25 years | $12,991 |
Top Solar Installers in Youngsville
Many homeowners decide to hire a solar panel installer since trying to put up solar panels by yourself can be challenging. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for your home.
If you’d like to switch to solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers in Youngsville:
See all of the solar companies in Youngsville
Factors that Affect Solar Panel Costs in Youngsville
Though the average cost of a solar system in Youngsville is $26,449, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
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 uses, the larger your system will likely need to be. You can expect to pay around $3,800 per kilowatt in Youngsville.There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Youngsville have solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you pick will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that has the products, warranties and services you want and also fit into your budget.
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 | $11,403 | 14.8 years |
| 8 kW | $3.88 | $21,706 | $15,630 | 14.5 years |
| 10 kW | $3.80 | $26,600 | $20,070 | 14.2 years |
| 12 kW | $3.72 | $31,282 | $24,722 | 14.0 years |
| 14 kW | $3.65 | $35,750 | $29,587 | 13.7 years |
| 16 kW | $3.57 | $40,006 | $34,665 | 13.4 years |
| 18 kW | $3.50 | $44,050 | $39,956 | 13.1 years |
| 20 kW | $3.42 | $47,880 | $45,459 | 12.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installer 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:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- 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 opt for.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Youngsville, LA Solar Cost FAQs
What is the average cost of installing solar panels in Youngsville?
This is a hard question to answer precisely, because the cost depends on a variety of 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Youngsville?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is switching to solar power worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.