Solar Panel Cost Guide in Shreveport, LA (2024 Update)
- Shreveport Solar Installation Cost: $27,153
- 25-Year Savings: $26,668
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Shreveport
Find out how much it might cost to switch to solar power in Shreveport.
The average cost of a solar system in Shreveport is 4 per watt.The average solar panel system size in Shreveport is around 10.2 kilowatts, meaning a cost of about $27,153 for a solar installation, or $38,829 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Shreveport homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Shreveport see about $17,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a personalized estimate.
Solar savings over time in Shreveport
| Year | Return on Investment |
|---|---|
| 1 years | $-25,633 |
| 3 years | $-22,593 |
| 5 years | $-19,554 |
| 7 years | $-16,514 |
| 9 years | $-13,475 |
| 11 years | $-10,435 |
| 13 years | $-7,396 |
| 15 years | $-4,356 |
| 17 years | $-1,317 |
| 19 years | $1,722 |
| 21 years | $4,762 |
| 23 years | $7,801 |
| 25 years | $10,841 |
Top Solar Installers in Shreveport
When going solar, many homeowners opt to hire a solar installer since installing solar panels yourself can be a time-consuming project. Plus, if you’re not certain what brand of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
If you’d like to make the switch to solar but still aren’t certain which solar system company to go with, here are our recommendations for providers near you:
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 Shreveport
Factors that Affect Solar Panel Costs in Shreveport
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Shreveport: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
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 energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,800 per kilowatt in Shreveport.The brand and type of equipment you get for your solar system can raise or lower 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Shreveport offer solar loans, which reduce your upfront costs of installing a solar system.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Shreveport know more about local solar incentives and can help you take advantage of 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 | $9,871 | 15.7 years |
| 8 kW | $3.88 | $21,706 | $13,587 | 15.4 years |
| 10 kW | $3.80 | $26,600 | $17,515 | 15.1 years |
| 12 kW | $3.72 | $31,282 | $21,657 | 14.8 years |
| 14 kW | $3.65 | $35,750 | $26,011 | 14.5 years |
| 16 kW | $3.57 | $40,006 | $30,578 | 14.2 years |
| 18 kW | $3.50 | $44,050 | $35,358 | 13.9 years |
| 20 kW | $3.42 | $47,880 | $40,351 | 13.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
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 Shreveport, LA Solar Cost FAQs
What is the average cost of installing solar panels in Shreveport?
The average cost of solar panels in Shreveport 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property’s value significantly 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 a solar system."
How long do solar panels last in Shreveport?
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 level 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.