Solar Panel Cost Guide in Marksville, LA (2024 Update)
- Marksville Solar Installation Cost: $26,862
- 25-Year Savings: $27,410
- Payback Period: 14.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Marksville
We break down average solar pricing in Marksville.
In Marksville, solar panels cost about 4 per watt on average.Using this figure, a typical 10.1-kW system would cost about $26,862 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you choose to go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Marksville can save about $17,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Marksville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Marksville
| Year | Return on Investment |
|---|---|
| 1 years | $-25,285 |
| 3 years | $-22,129 |
| 5 years | $-18,974 |
| 7 years | $-15,819 |
| 9 years | $-12,664 |
| 11 years | $-9,508 |
| 13 years | $-6,353 |
| 15 years | $-3,198 |
| 17 years | $-43 |
| 19 years | $3,112 |
| 21 years | $6,268 |
| 23 years | $9,423 |
| 25 years | $12,578 |
Top Solar Installers in Marksville
When making the switch to solar, many homeowners opt to use a solar installer since putting up a solar system yourself can be a difficult project. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar contractor as well, which can save you more money after your initial investment.
If you're looking for a solar company in Marksville, we've compiled a list of our top suggestions here:
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 Marksville
Factors that Affect Solar Panel Costs in Marksville
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Marksville: 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
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,800. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Marksville, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.While solar loans make switching to solar energy more accessible for Marksville homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Marksville, and each can charge different amounts for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that offers the products, warranties and services you’re looking for 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 | $10,481 | 15.3 years |
| 8 kW | $3.88 | $21,706 | $14,400 | 15.0 years |
| 10 kW | $3.80 | $26,600 | $18,532 | 14.7 years |
| 12 kW | $3.72 | $31,282 | $22,877 | 14.4 years |
| 14 kW | $3.65 | $35,750 | $27,435 | 14.1 years |
| 16 kW | $3.57 | $40,006 | $32,205 | 13.9 years |
| 18 kW | $3.50 | $44,050 | $37,188 | 13.6 years |
| 20 kW | $3.42 | $47,880 | $42,384 | 13.3 years |
How to Save on Solar Panels
There are a lot of companies available in Marksville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- 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.
- Contract: Though 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 how part repairs and replacements will be handled.
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 Marksville, LA Solar Cost FAQs
How much does it cost to install solar panels in Marksville?
The average cost of solar panels in Marksville is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will having solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Marksville is currently $126,309, so you can expect a value of about $5,179 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Marksville is a rewarding investment.
How long do solar panels last in Marksville?
On average, solar panels can last 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.