Solar Panel Cost Guide in Broussard, LA (2024 Update)
- Broussard Solar Installation Cost: $26,445
- 25-Year Savings: $27,203
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Broussard
Find out what the average cost of a solar system is in Broussard.
The average cost of a solar panel system in Broussard is 4 per watt.To cover the typical energy needs of the average home in Broussard, most homeowners require a 9.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $26,445, or $37,816 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Broussard homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on utility bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Broussard
| Year | Return on Investment |
|---|---|
| 1 years | $-24,936 |
| 3 years | $-21,920 |
| 5 years | $-18,904 |
| 7 years | $-15,888 |
| 9 years | $-12,872 |
| 11 years | $-9,855 |
| 13 years | $-6,839 |
| 15 years | $-3,823 |
| 17 years | $-807 |
| 19 years | $2,209 |
| 21 years | $5,226 |
| 23 years | $8,242 |
| 25 years | $11,258 |
Top Solar Installers in Broussard
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be challenging. Plus, if you aren’t sure what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Broussard:
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 Broussard
Factors that Affect Solar Panel Costs in Broussard
Even though the average cost of a solar system in Broussard is $26,445, your final cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important 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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,800 per kilowatt in Broussard.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Broussard, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Broussard homeowners decide to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Broussard, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Broussard know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $10,613 | 15.2 years |
| 8 kW | $3.88 | $21,706 | $14,576 | 15.0 years |
| 10 kW | $3.80 | $26,600 | $18,752 | 14.7 years |
| 12 kW | $3.72 | $31,282 | $23,141 | 14.4 years |
| 14 kW | $3.65 | $35,750 | $27,743 | 14.1 years |
| 16 kW | $3.57 | $40,006 | $32,558 | 13.8 years |
| 18 kW | $3.50 | $44,050 | $37,585 | 13.5 years |
| 20 kW | $3.42 | $47,880 | $42,825 | 13.2 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- 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 that kind of warranty is one sign of a good company.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Broussard, LA Solar Cost FAQs
How much does it cost to install solar panels in Broussard?
The average cost of solar panels in Broussard is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Broussard?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Broussard?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces 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.
What solar power system size is right for 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 take a 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 get 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.