Solar Panels Cost $0k-$0k in Franklin Parish, LA | November, 2024
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How much do solar panels cost in Franklin Parish, LA in 2024?
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During November, 2024, the current cost for a solar panel installation in Franklin Parish, LA was $0/W.
You should expect the cost to be $0, on average, for every 1 kW (or 1000 watts) of solar energy your panels can generate. You are able to come to this conclusion based on this rate price cost per watt above. When you deduct the 30% federal tax credit, a 5 kW solar panel system in Franklin Parish will cost you $0. Keep in mind that you may need a higher capacity system to adequately cover your energy consumption.
On the left side, choose your county to find the typical roof size and the maximum capacity of solar panels for homes in your area. Below, you can see an analysis of the price, payback period and 20 year average savings for a 5 kW system in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Franklin Parish: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Franklin Parish: 0 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Franklin Parish: $30,660US Average: $16,169
Solar Potential in Franklin Parish
Estimated system size and solar electricity production per median viable roof in Franklin Parish.
Roof size 965sq. ft.
Capacity 13.5kW DC
Electricity 16.7kkWh AC per yr.
Electricity Costs in Franklin Parish, LA & What that Means for Your Solar Panel Pricing
On average, Franklin Parish residents use 1,346 kWh each month, and the electric bill is 127.75. Compact homes, such as micro-apartments, are also included in the statistics noted in the previous sentence.
In November 2024, the average electricity rate in Franklin Parish, LA is 9.49¢ per kWh.
Initially, an 11 kW solar panel installation costs around $0, but with a 30% federal tax credit, this drops to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Franklin Parish
On the left and below, you'll find the pricing details for multiple sizes of the solar panel systems set up in Franklin Parish. A larger solar array will expectedly cost more, but it will also offer greater electricity savings and more substantial income tax credits.
The cost and benefit breakdown for solar panels, presented in the calculator down and to the right, is based on an average electric bill of $127.75 in Franklin Parish. Replace the $127.75 with your typical electricity bill to get customized results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,012 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 11,242 kWh
Est. monthly savings $84
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.2 tons a year
Equivalent to planting 239 trees a year
Equivalent to driving 12,861 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,156 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 12,848 kWh
Est. monthly savings $96
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.94 tons a year
Equivalent to planting 273 trees a year
Equivalent to driving 14,698 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,301 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 14,454 kWh
Est. monthly savings $108
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 6.68 tons a year
Equivalent to planting 307 trees a year
Equivalent to driving 16,536 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,445 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 16,060 kWh
Est. monthly savings $120
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.42 tons a year
Equivalent to planting 341 trees a year
Equivalent to driving 18,373 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $1,590 a year
Est. Price
$0
Savings from a 11kWthis system
Est. yearly production 17,666 kWh
Est. monthly savings $128
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.89 tons a year
Equivalent to planting 362 trees a year
Equivalent to driving 19,525 mi less a year
Franklin Parish Solar Panel Installation Incentives & Rebates | 2024
For rural agricultural enterprises and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Believe you might be eligible? Use our REAP Grant eligibility tool to confirm your eligibility.
For those considering residential solar, the 30% federal income tax credit is available to nearly everyone, making solar power a good investment in numerous parts of the country. State and local efforts are also in place to further drive the growth of solar energy use.
A number of utilities and governmental agencies in Louisiana provide 2 solar rebate and incentive programs.
Solar incentives in LAIncentive Description Value
Home Energy Loan Program (HELP)
Value:Up to $6,000
The Louisiana Department of Natural Resources (DNR) manages the Home Energy Loan Program, or HELP, for homeowners making energy efficiency improvements. HELP loans offer a maximum principal of $12,000 to be repaid over five years. Half of the principal is disbursed by the DNR at 2% interest. The other half is disbursed from any of the HELP partner banks at their current market rate. The partner bank will handle all servicing responsibilities. HELP loan partners set their own institutional policies, including their own interest rates and the maximum amount for their own portion of the principal. Interested homeowners should therefore contact their local partner directly to apply or make further inquiries. A list of current HELP loan partners is available from the DNR website.
New Orleans City - Energy Smart Program
Value:Varies
The Energy Smart program is a joint venture between Entergy and the City of New Orleans. Orleans Parish Entergy customers may be eligible for a variety of rebates from the city government for new energy efficient equipment and improvement projects. Available rebates will change from time to time. Current offers include HVAC, windows, insulation/weatherization, ductwork, CFL/LED lighting, smart thermostats, and solar water/pool heating. Total rebate amounts can exceed $5,000 for qualifying customers. Application forms and additional information are available on both the Entergy and New Orleans city websites.
Are solar panels worth it in Franklin Parish, LA?
If you plan to live in your home beyond the time it takes to recoup your solar investment, installing solar panels in Franklin Parish is an good decision. Having a 5 kW solar system in Franklin Parish, LA can potentially save you around $30,660 over a span of 20 years, with an average break even point of 0 years.
The cost of not having solar panels in Franklin Parish, LA
Forgoing solar panels or an alternative backup energy source results in you'll miss out on the savings highlighted above and be fully dependent on your electric utility for power. Recent news stories have shown that complete dependence on your utility is not always ideal.
Customers in Franklin Parish have encountered around 1.39 outages per year on average. Outages generally last for an average of 210.24 minutes. During major occurrences like earthquakes, construction accidents, or grid management errors, these times can extend significantly.
Take a look at the info below to see the number of current electricity customers without power in Franklin Parish.
A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might experience.
Power Outages
Currently, 0 customers are being tracked in Franklin Parish.
What impacts the cost of solar panels in Franklin Parish, LA?
Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt decreases as the system size increases. Individuals often find that installing a solar system that can replace their electric bill is highly beneficial. This strategy results in greater savings.
Make & Model - Similar to other industries, the solar energy sector features a range of solar panel and mounting equipment brands and designs. Considering the particular system preferences an contractor might have, selecting a highly rated company is critical. Superior quality makes and models generally lead to a more positive long-term experience for buyers.
Solar Panel Type - There are valid reasons why monocrystalline panels are now the industry standard. Although the cost is higher, they yield more energy. Many installers use these kinds of panels.
Your Property - No two homes or properties are the same. Elements such as trees, irregular terrain, or other challenges might complicate the installation process. Most solar installers today leverage satellite imagery to evaluate your home and include these factors into the initial cost estimate.
Labor Rates - The varied employee wages paid by companies cause costs that consumers eventually bearing . It is frequently observed that businesses with higher wages receive superior reviews for their services and customer service.
Permitting & Interconnection - Your final installation cost will be influenced by local permitting and utility interconnection fees, which change by area. Good installers will factor these costs into your first quotes to prevent unexpected expenses.
See what solar panels cost in other Franklin Parish cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Franklin Parish?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Franklin Parish, LA Solar Panel Cost FAQs
The typical cost per watt for solar panels in Franklin Parish, LA as of November, 2024 is $0/W. The installation of a 5 kW solar panel system in Franklin Parish, LA will cost about $0 after federal tax credits.
Homeowners in Louisiana can take advantage of 2 different rebates and incentives from a variety of utility companies and government agencies. Additionally, almost everyone is entitled to the 30% federal income tax credit.
Even though paying cash provides the most savings, there are now several financing options for solar panels that also are cost-effective. Installers typically partner with financing companies and will include this information into your initial quotes.
Yes, on average, the return on investment for 5 kW solar panel systems in Franklin Parish, LA is achieved in 0 years, with electricity savings amounting to $30,660 over 20 years.
Savings from 
Environmental Impacts 
