Solar Panels Cost $16k-$28k in Richland Parish, LA | November, 2024
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How much do solar panels cost in Richland Parish, LA in 2024?
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It averages out to $4.02 per watt in the month of November, 2024 in Richland Parish, LA to get solar panels.
So, for every 1000 watts (or 1 Kw) your system can generate you will spend $4,020 to get your system installed in . After applying the 30% federal tax credit, a 5 kW solar panel system in Richland Parish generally costs $14,070. Be aware that a more powerful system could be required to fulfill your energy requirements.
To the left, you have the option to select your county and find the typical roof size along with the average maximum capacity for solar panels in homes in your area. You can review the price, payback period, and 20-year average savings for a 5 kW system installed in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Richland Parish: $14,070US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Richland Parish: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Richland Parish: $11,666US Average: $16,169
Solar Potential in Richland Parish
Estimated system size and solar electricity production per median viable roof in Richland Parish.
Roof size 965sq. ft.
Capacity 13.5kW DC
Electricity 16.7kkWh AC per yr.
Electricity Costs in Richland Parish, LA & What that Means for Your Solar Panel Pricing
Richland Parish's average monthly electric bill is 132.36, with consumers using an average of 1,289 kWh. This number also reflects data from apartments and smaller homes with less energy needs.
In November 2024, the mean electricity rate in Richland Parish, LA amounts to 10.27¢ per kWh.
Currently, a 10 kW setup costs around $28,140 after incentives.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Richland Parish
To the left and below, you can find a detailed price breakdown for different solar panel system sizes set up in Richland Parish. The investment for a larger solar panel setup is larger, but it also provides greater electricity savings and increased income tax credits.
The solar panel cost calculator below and to the right breaks down costs and benefits, considering an average $132.36 electric bill in Richland Parish To get results more customized, modify the $132.36 to align with your regular electricity bill.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $964 a year
Est. Price
$16,884
Savings from a 6kWthis system
Est. yearly production 9,636 kWh
Est. monthly savings $80
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 1.25 tons a year
Equivalent to planting 57 trees a year
Equivalent to driving 3,096 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,124 a year
Est. Price
$19,698
Savings from a 7kWthis system
Est. yearly production 11,242 kWh
Est. monthly savings $94
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 1.46 tons a year
Equivalent to planting 67 trees a year
Equivalent to driving 3,612 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,285 a year
Est. Price
$22,512
Savings from a 8kWthis system
Est. yearly production 12,848 kWh
Est. monthly savings $107
Full payback in 14 years
Environmental Impacts
Reduces CO2 emissions by 1.67 tons a year
Equivalent to planting 77 trees a year
Equivalent to driving 4,128 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,445 a year
Est. Price
$25,326
Savings from a 9kWthis system
Est. yearly production 14,454 kWh
Est. monthly savings $120
Full payback in 16 years
Environmental Impacts
Reduces CO2 emissions by 1.88 tons a year
Equivalent to planting 86 trees a year
Equivalent to driving 4,644 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,606 a year
Est. Price
$28,140
Savings from a 10kWthis system
Est. yearly production 16,060 kWh
Est. monthly savings $132
Full payback in 18 years
Environmental Impacts
Reduces CO2 emissions by 2.06 tons a year
Equivalent to planting 94 trees a year
Equivalent to driving 5,089 mi less a year
Richland Parish Solar Panel Installation Incentives & Rebates | 2024
Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their photovoltaic or wind energy installation expenses. Think you fall into this category? Confirm your qualification with our REAP Grant eligibility tool.
A 30% federal tax credit is available to most homeowners for residential solar installations, which helps make solar energy a sensible choice in various regions in the United States. Moreover, there are a number of state and local efforts designed to further promote the uptake of solar energy.
Multiple utilities and governmental organizations in Louisiana offer 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 Richland Parish, LA?
If you expect living in your home longer than the solar system's payback period, installing solar panels is an clear decision in Richland Parish. Installing a 5 kW solar system in Richland Parish, LA will, on average, save you $17,696.4 over 20 years, and you can expect to break even in about 9 years.
The cost of not having solar panels in Richland Parish, LA
The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. Complete reliance on your utility provider is not always ideal, as recent examples in the news have shown.
On average, customers in Richland Parish have faced 1.39 utility outages per year over the past few years. Typically, outages have an average duration of 210.24 minutes. However, during significant events such as thunderstorms, construction accidents, or equipment failure, these times can drastically increase.
Take a look at the component below to see the number of current electricity customers without power in Richland 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 Richland Parish.
What impacts the cost of solar panels in Richland Parish, LA?
Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt decreases. For most consumers, setting up a system that can produce enough power to eliminate their entire electric bill is advantageous, providing significant savings.
Make & Model - Solar panels, like many other products, are offered in various makes and models. Your installer’s system preferences might necessitate selecting a highly rated installer. The selection of superior materials can substantially better the long-term experience for buyers.
Solar Panel Type - There's a good reason why monocrystalline panels are now considered the industry standard. Although they are more expensive, they provide increased energy. Many installers use panels constructed of this material.
Your Property - Each property and home is one of a kind. Trees, sloped land, or other barriers can increase the difficulty of installing solar panels. Most solar installers nowadays leverage satellite imagery to evaluate your home and integrate these factors into the first cost estimate.
Labor Rates - The varied employee wages paid by companies result in costs that consumers end up paying . Businesses often get higher reviews for their services and customer service when they pay higher wages.
Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will impact your installation cost. Quality installers will factor these costs into your initial quotes to prevent unexpected expenses.
See what solar panels cost in other Richland Parish cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Richland Parish?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Richland Parish, LA Solar Panel Cost FAQs
The cost per watt for solar panels in Richland Parish, LA during November of 2024 averages $4.02/W. For a 5 kW solar panel system, the total cost in Richland Parish, LA after federal tax credits is around $14,070.
If you live in Louisiana, you can find 2 rebates and incentives through different utilities and government agencies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Although paying in cash offers the most savings, numerous financing options for solar panels now exist that are financially sensible. Many installers will include information about their financing partners in the initial quotes they provide.
Yes, the typical payback time for 5 kW solar panel systems in Richland Parish, LA is 9 years, and the expected electricity cost savings over 20 years is $17,696.4.
Savings from 
Environmental Impacts 
