Solar Panel Cost Guide in Addis, LA (2024 Update)

  • Addis Solar Installation Cost: $26,539
  • 25-Year Savings: $27,851
  • Payback Period: 14.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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Average Cost of Solar Panels in Addis

Find out what the average cost of solar panel installation is in Addis.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Addis, the average cost of a solar system is 4 per watt.To account for the typical energy needs of the average home in Addis, most homeowners require a 10.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $26,539, or $37,951 before the federal solar tax credit of 0 is applied.

These figures are only averages, and how much solar costs for you may vary based on your energy needs and what company you choose to go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $17,000 over 20 years on energy bills.

Click the button below to get connected to a highly rated solar panel company in your area for a customized quote.

Solar savings over time in Addis

Year Return on Investment
1 years $-25,166
3 years $-22,418
5 years $-19,670
7 years $-16,923
9 years $-14,175
11 years $-11,427
13 years $-8,680
15 years $-5,932
17 years $-3,184
19 years $-437
21 years $2,311
23 years $5,058
25 years $7,806

Top Solar Installers in Addis

Although it's possible to install solar panels yourself, it involves extra time and handiness. For that reason, the majority of homeowners choose to hire a solar panel installer. Another good thing about going with a top solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.

There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
3.2

  • 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 Addis

Factors that Affect Solar Panel Costs in Addis

The cost of installing a solar system in Addis can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You’ll also need to decide on 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 into a solar system that falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Addis to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest.Although solar loans make adopting solar energy more accessible for Addis homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Finally, the company you opt for to install your solar panel system can play a role in determining your pricing. Addis’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Addis are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 $3.95 $16,598 $10,944 15.1 years
8 kW $3.88 $21,706 $15,018 14.8 years
10 kW $3.80 $26,600 $19,304 14.5 years
12 kW $3.72 $31,282 $23,803 14.2 years
14 kW $3.65 $35,750 $28,515 13.9 years
16 kW $3.57 $40,006 $33,440 13.6 years
18 kW $3.50 $44,050 $38,577 13.3 years
20 kW $3.42 $47,880 $43,928 13.0 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:

  • Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
  • Contract: Before signing a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
3.2

  • 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 Addis, LA Solar Cost FAQs

How much does it cost to install solar panels in Addis?

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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in Addis?

Leasing solar panels can be an appealing choice, because it typically 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 way to go if you want to get the most savings.

How will installing solar panels impact my property value?

Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

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 higher 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.

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