Solar Panels Cost $17k-$27k in Lafayette Parish, LA | November, 2024
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How much do solar panels cost in Lafayette Parish, LA in 2024?
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You will pay, on average, $3.58 per watt in Lafayette Parish, LA in the month of November, 2024 to get solar installed.
This means that, solar panels will cost you $3,580 per 1 kW (or 1000 watts) of generation capacounty. In Lafayette Parish, when you subtract the 30% federal income tax credit, a 5 kW system will require you to pay $12,530. However, a 5kW systemmay not be enough to fulfill your energy requirements.
On the left-hand side, you can pick your county to see the average roof size and the maximum capacity for solar panels in residences in your area. Below, you can see a breakdown of the costs, payback period and 20 year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Lafayette Parish: $12,530US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Lafayette Parish: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Lafayette Parish: $18,758US Average: $16,169
Solar Potential in Lafayette Parish
Estimated system size and solar electricity production per median viable roof in Lafayette Parish.
Roof size 1,037sq. ft.
Capacity 14.5kW DC
Electricity 18.5kkWh AC per yr.
Electricity Costs in Lafayette Parish, LA & What that Means for Your Solar Panel Pricing
In Lafayette Parish, the typical electric bill for an energy user is 152.74, with an average monthly usage of 1,364 kWh. Compact residences, such as efficiency studios and apartments, are also covered by the numbers cited in the earlier sentence.
The electricity rate per kWh in Lafayette Parish, LA for November 2024 averages 11.2¢.
At the moment, an 11 kW solar setup will be priced at around $39,380upfront, but thanks to the federal tax credit, you get a 30% reimbursement, bringing the cost down to $27,566.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Lafayette Parish
Displayed on the left side, you'll see a comprehensive pricing structure of the various sizes of solar panel systems set up in Lafayette Parish. More extensive solar installations have a greater cost, yet they also offer higher electricity savings and more generous income tax credits.
The solar panel cost calculator below and to the right breaks down costs and benefits, using an average $152.74 electric bill in Lafayette Parish If you seek tailored results, modify the $152.74 to your average electricity bill amount.
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 $1,205 a year
Est. Price
$17,542
Savings from a 7kWthis system
Est. yearly production 10,953 kWh
Est. monthly savings $100
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 5.23 tons a year
Equivalent to planting 240 trees a year
Equivalent to driving 12,951 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,377 a year
Est. Price
$20,048
Savings from a 8kWthis system
Est. yearly production 12,518 kWh
Est. monthly savings $115
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 5.98 tons a year
Equivalent to planting 275 trees a year
Equivalent to driving 14,801 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,549 a year
Est. Price
$22,554
Savings from a 9kWthis system
Est. yearly production 14,082 kWh
Est. monthly savings $129
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 6.73 tons a year
Equivalent to planting 309 trees a year
Equivalent to driving 16,651 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,721 a year
Est. Price
$25,060
Savings from a 10kWthis system
Est. yearly production 15,647 kWh
Est. monthly savings $143
Full payback in 14 years
Environmental Impacts
Reduces CO2 emissions by 7.47 tons a year
Equivalent to planting 343 trees a year
Equivalent to driving 18,502 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$27,566
Savings from a 11kWthis system
Est. yearly production 17,212 kWh
Est. monthly savings $153
Full payback in 15 years
Environmental Impacts
Reduces CO2 emissions by 7.97 tons a year
Equivalent to planting 366 trees a year
Equivalent to driving 19,736 mi less a year
Lafayette Parish Solar Panel Installation Incentives & Rebates | 2024
Rural farmers and small business owners could have between 80% and 100% of their solar energy or wind turbine installation expenses covered by the REAP Grant. Believe you might be eligible? Verify your qualification with our REAP Grant eligibility tool.
The federal government offers a 30% tax credit for residential solar systems, rendering solar practical and sensible for a variety of homeowners. On top of that, there are many state and local incentives to further encourage the adoption of solar energy.
Louisiana provides 2 solar rebates and incentives from different utility companies and government organizations.
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 Lafayette Parish, LA?
If you expect to own your residence longer than the solar system's payback period, solar panels are a wise investment in Lafayette Parish. Over a 20 year time frame, a 5 kW solar system in Lafayette Parish, LA could save you an estimated $24,127.6, with the average break even time being 7 years.
The cost of not having solar panels in Lafayette Parish, LA
Without solar panels or another backup power source, you miss out on the previously noted savings and are fully dependent on your electric utility for electricity. Many recent news reports have highlighted that complete dependence on your utility is not always ideal.
On a yearly basis, the average number of outages per customer in Lafayette Parish has been 1.05. On average, each outage lasts for 146.97 minutes. Major events like lightning strikes, vandalism, or overloaded power grids can considerably extend these durations.
Take a look at the info below to see the number of current electricity customers without power in Lafayette Parish.
A solar energy system, regardless of whether it has a backup battery or not, could help relieve the pressure of future power outages you may experience.
Power Outages
Currently, 0 customers are being tracked in Lafayette Parish.
What impacts the cost of solar panels in Lafayette 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. Homeowners often find that installing a solar system that can replace their electric bill is highly beneficial. This method results in maximum savings.
Make & Model - Like other industries, the solar energy sector includes a range of solar panel brands and designs. The preferences for brand that your contractor has may make it crucial to choose a reputable installer. Opting for superior quality models can yield a greatly enhanced long-term experience for the buyer.
Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. Although the cost is higher, they deliver more energy. Many installers use these types of panels.
Your Property - Challenges like trees, sloping terrain, or additional considerations can increase the difficulty of installing solar panels. Solar installers currently typically use satellite imagery to evaluate your home and incorporate these factors into the initial cost estimate.
Labor Rates - The costs connected to the varying wages paid by companies to their employees are transferred to the consumers. Companies frequently garner higher reviews for their work and customer service when they offer better wages.
Permitting & Interconnection - Your final installation cost will be impacted by local permitting and utility interconnection fees, which change by area. Good local installers will incorporate these figures into your preliminary estimates to prevent any surprises.
See what solar panels cost in other Lafayette Parish cities
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Lafayette Parish, LA Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Lafayette Parish, LA is $3.58/W. The approximate cost of a 5 kW solar panel system in Lafayette Parish, LA, after deducting federal tax credits, is $12,530.
Louisiana offers 2 different rebates and incentives from a range of utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Cash payments offer the highest savings, yet several financing options now available for solar panels are financially beneficial as well. Installers will often include details on financing partners in the quotes they provide initially.
Yes, the average time to recoup the cost of 5 kW solar panels in Lafayette Parish, LA is 7 years, with homeowners saving an average of $24,127.6 on electricity over 20 years.
Savings from 
Environmental Impacts 
