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

  • Eastwood Solar Installation Cost: $27,197
  • 25-Year Savings: $23,928
  • Payback Period: 16.1 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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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Eastwood

Here’s how much it might cost to make the switch to solar in Eastwood.

The national average cost of solar panels is $2.66 per watt, but in Eastwood it’s 4 per watt.Since a 10.2-kW system is needed to cover the energy consumption of a typical home in Eastwood, the average price of going solar will be about $27,197 after claiming the federal solar tax credit of 0.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Eastwood can save about $16,000 on their energy bills over 20 years.

To calculate your potential ROI and connect with a local solar expert, click the button below.

Solar savings over time in Eastwood

Year Return on Investment
1 years $-25,888
3 years $-23,269
5 years $-20,651
7 years $-18,032
9 years $-15,413
11 years $-12,795
13 years $-10,176
15 years $-7,558
17 years $-4,939
19 years $-2,321
21 years $298
23 years $2,916
25 years $5,535

Top Solar Installers in Eastwood

Many homeowners opt for a solar panel company since figuring out how to install solar panels by yourself can be a lot of work. The expertise that solar installers offer can be helpful as well, particularly if you aren’t sure what kind of solar equipment you need.

You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Eastwood:

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 Eastwood

Factors that Affect Solar Panel Costs in Eastwood

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Eastwood: 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

System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.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 are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

If paying for solar panels out of pocket is too expensive, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over five to seven years on average.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

Lastly, the company you get to install your solar panels can affect how much it costs. Eastwood’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 $8,237 16.7 years
8 kW $3.88 $21,706 $11,409 16.4 years
10 kW $3.80 $26,600 $14,793 16.1 years
12 kW $3.72 $31,282 $18,390 15.7 years
14 kW $3.65 $35,750 $22,199 15.4 years
16 kW $3.57 $40,006 $26,222 15.1 years
18 kW $3.50 $44,050 $30,457 14.8 years
20 kW $3.42 $47,880 $34,905 14.5 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:

  • Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
  • Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Installation Process: When making the switch to solar, it’s essential to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project completion timeline.

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 Eastwood, LA Solar Cost FAQs

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

This is a tough 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 more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Is cost the most important consideration when buying solar panels?

The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.

Can solar panels significantly reduce my electricity bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Eastwood, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Eastwood?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.

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