Solar Panels Cost 0k-0k in Madison Parish, LA | November, 2024

Solar Panels Cost $0k-$0k in Madison Parish, LA | November, 2024

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How much do solar panels cost in Madison Parish, LA in 2024?

Getting solar panels installed averages out to $0/W in the month of November, 2024 in Madison Parish, LA.

It will cost you $0, on average, for every 1000 watts (1 kW) your panels is able to produce. A 5 kW solar system in Madison Parish is typically around $0 after accounting for the 30% federal income tax credit. Note that a larger system could be required to ensure your energy demands are met.

Use the left-hand menu to select your area and view the typical roof size and the maximum capacity for solar panels on homes in your county. Below, you can see an outline of the price, 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.
Madison Parish: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Madison 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.
Madison Parish: $32,558US Average: $16,169

Solar Potential in Madison Parish

Estimated system size and solar electricity production per median viable roof in
Madison Parish.

Roof size 965sq. ft.
Capacity 13.5kW DC
Electricity 16.7kkWh AC per yr.

Electricity Costs in Madison Parish, LA & What that Means for Your Solar Panel Pricing

The average monthly electricity cost for a Madison Parish consumer is 135.66, with a typical usage of 1,254 kWh. Bear in mind that this number encompasses data from apartments and smaller living spaces with lower energy needs.

The electricity rate per kWh in Madison Parish, LA for November 2024 averages 10.82¢.

You'll spend $0 on a 10 kW setup after including the 30% federal income tax credit in your calculations.

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Average solar panel costs by system size in Madison Parish

Presented below and to the left, you will see a thorough price breakdown for multiple solar panel system sizes set up in Madison Parish. When you select a larger solar system, the cost is larger, but it also results in more significant electricity savings and a greater income tax credit.

The solar panel calculator, located below and to the right, provides a detailed cost and benefit analysis based on a typical $135.66 electric bill for Madison Parish. Swap the $135.66 with your usual electricity bill for more accurate results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,060 a year
Est. Price
$0
Savings from a 6kWthis system
  • Est. yearly production 9,636 kWh
  • Est. monthly savings $88
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 5.12 tons a year
  • Equivalent to planting 235 trees a year
  • Equivalent to driving 12,681 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,237 a year
Est. Price
$0
Savings from a 7kWthis system
  • Est. yearly production 11,242 kWh
  • Est. monthly savings $103
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 5.98 tons a year
  • Equivalent to planting 275 trees a year
  • Equivalent to driving 14,794 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,413 a year
Est. Price
$0
Savings from a 8kWthis system
  • Est. yearly production 12,848 kWh
  • Est. monthly savings $118
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 6.83 tons a year
  • Equivalent to planting 314 trees a year
  • Equivalent to driving 16,908 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,590 a year
Est. Price
$0
Savings from a 9kWthis system
  • Est. yearly production 14,454 kWh
  • Est. monthly savings $132
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 7.68 tons a year
  • Equivalent to planting 353 trees a year
  • Equivalent to driving 19,021 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,767 a year
Est. Price
$0
Savings from a 10kWthis system
  • Est. yearly production 16,060 kWh
  • Est. monthly savings $136
  • 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

Madison Parish Solar Panel Installation Incentives & Rebates | 2024

With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. Curious if you fall into this category? Verify your eligibility with our REAP Grant eligibility tool.

Most homeowners can benefit from the federal 30% income tax credit for solar panels, which renders installing solar energy a logical choice in several regions of the U.S. Besides this, numerous state and local programs aim to further encourage the adoption of solar power.

Louisiana features 2 solar rebate and incentive initiatives offered by multiple utilities and government bodies.

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 Madison Parish, LA?

If you plan to own your residence longer than the solar system's payback period, solar panels are a wise investment in Madison Parish. Having a 5 kW solar system in Madison Parish, LA can potentially save you around $32,558.4 over a span of 20 years, with an average break even point of 0 years.

The cost of not having solar panels in Madison Parish, LA

Failing to install solar panels or an alternative backup energy results in missing the savings mentioned earlier and being entirely reliant on your electric utility for electricity. The media has demonstrated several cases where full reliance on your utility is not always ideal.

Yearly, customers in Madison Parish face about 1.39 outages. The average duration of each outage is 210.24 minutes. During severe events like wildfires, vandalism, or aging infrastructure, these times can grow significantly longer.

Take a look at the info below to see the number of current electricity customers without power in Madison Parish.

A solar panel system, whether it has a backup battery or not, could reduce the impact of future power outages you might experience.

Power Outages

Currently, 0 customers are being tracked in Madison Parish.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Madison Parish, LA?

Your Energy Needs - Even if the initial expense is larger, the price per watt drops with larger solar panel systems. For most homeowners, setting up a system that can make enough power to eliminate their entire electric bill is useful, providing significant savings.

Make & Model - Just like many products, solar panels come in a wide variety of makes and models. It's essential to pick a highly rated installer, given the brand preferences that installers may have. Higher grade makes and models typically result in an better long-term experience for the buyer.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and rightly so. These panels are more expensive, yet they generate more energy. Many installers tend to work with panels constructed from this material.

Your Property - Each property and home has its own characteristics. Factors like trees, sloping terrain, or additional considerations can make the installation more challenging. Nowadays, most solar installers are able to leverage satellite images to evaluate your home and incorporate these factors for the preliminary cost estimate.

Labor Rates - Different companies offer different wages to their employees, and these costs are eventually passed on to the consumers. Businesses paying more to their employees typically garner higher reviews for their work and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees change by area and will influence your final install price. Good local installers will build these figures into your preliminary estimates to avoid any surprises.

See what solar panels cost in other Madison Parish cities

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Who are the best solar installers in Madison Parish?

Go Solar Power

West Palm Beach, FL(877) 558-1882

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

LightEdison

Denver, CO(888) 966-6377

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of batteries.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Madison Parish, LA Solar Panel Cost FAQs

  • As recorded in November, 2024, the standard cost for solar panel installations in Madison Parish, LA is $0/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Madison Parish, LA is roughly $0.

  • 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.

  • Although paying in cash provides the most savings, numerous financing options for solar panels now exist that are financially sensible. Many installers will detail information about their financing partners in the initial quotes they provide.

  • Yes, in Madison Parish, LA, 5 kW solar panel systems typically pay off in 0 years, and users save around $32,558.4 in electricity costs over 20 years.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-11-04