Solar Panels Cost $18k-$28k in Vermilion Parish, LA | December, 2024
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How much do solar panels cost in Vermilion Parish, LA in 2024?
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You'll pay $3.69 per watt in Vermilion Parish, LA in December, 2024 to go solar.
For every 1000 watts (1 kW) your solar system can produce, you will have to invest, on average, $3,690 for installation. You are able to come to this conclusion by utilizing this rate price cost per watt above. Subtracting the 30% federal tax credit, a 5 kW solar panel install in Vermilion Parish typically costs $12,915. It's worth noting that a bigger system may be needed to fulfill your energy demands.
By selecting your county on the left, you can find out the average roof size and the maximum capacity for solar panels on homes in your area. The following outline, below, highlights 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.
Vermilion Parish: $12,915US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Vermilion 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.
Vermilion Parish: $19,355US Average: $16,152
Solar Potential in Vermilion Parish
Estimated system size and solar electricity production per median viable roof in Vermilion Parish.
Roof size 1,108sq. ft.
Capacity 15.5kW DC
Electricity 19.8kkWh AC per yr.
Electricity Costs in Vermilion Parish, LA & What that Means for Your Solar Panel Pricing
In Vermilion Parish, energy consumers generally see an average electric bill of 157.52 each month, with an average consumption of 1,369 kWh. Small houses, including studio apartments or condos, are also included in the numbers cited in the prior sentence.
In December 2024, the average electricity rate in Vermilion Parish, LA is 11.5¢ per kWh.
Right now, an 11 kW solar installation will have an initial cost of about $40,590 initially, but the federal tax credit will give you back 30%, bringing the total down to $28,413.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Vermilion Parish
On your left, we have provided a full pricing details for the different solar panel system sizes set up in Vermilion Parish. The larger the solar array, the larger the initial expense, but also the more considerable electricity savings and income tax credits you'll get.
In the solar panel cost calculator found down and to the right, you can examine a cost and benefit breakdown to match an average $157.52 electric bill in Vermilion Parish. For custom results, change the $157.52 to whichever your usual electricity bill is.
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 $1,349 a year
Est. Price
$18,081
Savings from a 7kWthis system
Est. yearly production 11,242 kWh
Est. monthly savings $112
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 5.59 tons a year
Equivalent to planting 257 trees a year
Equivalent to driving 13,824 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,542 a year
Est. Price
$20,664
Savings from a 8kWthis system
Est. yearly production 12,848 kWh
Est. monthly savings $128
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 6.38 tons a year
Equivalent to planting 293 trees a year
Equivalent to driving 15,799 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,734 a year
Est. Price
$23,247
Savings from a 9kWthis system
Est. yearly production 14,454 kWh
Est. monthly savings $145
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 7.18 tons a year
Equivalent to planting 330 trees a year
Equivalent to driving 17,774 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,927 a year
Est. Price
$25,830
Savings from a 10kWthis system
Est. yearly production 16,060 kWh
Est. monthly savings $158
Full payback in 14 years
Environmental Impacts
Reduces CO2 emissions by 7.85 tons a year
Equivalent to planting 361 trees a year
Equivalent to driving 19,430 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,120 a year
Est. Price
$28,413
Savings from a 11kWthis system
Est. yearly production 17,666 kWh
Est. monthly savings $158
Full payback in 15 years
Environmental Impacts
Reduces CO2 emissions by 7.85 tons a year
Equivalent to planting 361 trees a year
Equivalent to driving 19,430 mi less a year
Vermilion Parish Solar Panel Installation Incentives & Rebates | 2024
If you own a farm or small business in a rural area, the REAP Grant might cover between 80% and 100% of your solar energy or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.
With the accessibility of a 30% federal income tax credit, solar energy becomes a feasible solution for most homeowners, especially in various parts of the country. Alongside federal incentives, there are many state and local initiatives to encourage solar energy adoption.
Louisiana residents have access to 2 solar rebate and incentive initiatives from different utilities and governmental agencies.
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 Vermilion Parish, LA?
Homeowners in Vermilion Parish who plan to live in their residence beyond the payback period of their solar system will find solar panels an clear choice. A 5 kW solar system in Vermilion Parish, LA could potentially save you $24,889.8 over the course of 20 years, with the break even point usually at 7 years.
The cost of not having solar panels in Vermilion Parish, LA
Without solar panels or another backup power source, you miss out on the earlier mentioned savings and are entirely dependent on your electric utility for electricity. Recent news has proven that full reliance on your utility company isn't always ideal.
Over the last several years, utilities in Vermilion Parish have had an average of 1.39 outages per customer annually. The average length of an outage is 210.24 minutes. In events like lightning strikes, planned maintenance, or grid management errors, this duration can extend significantly.
See the graphic below to see the number of current electricity customers without power in Vermilion Parish.
Even without a backup battery, a solar panel system could ease the strain of possible future power disruptions you may face.
Power Outages
Currently, 0 customers are being tracked in Vermilion Parish.
What impacts the cost of solar panels in Vermilion Parish, LA?
Your Energy Needs - Though the initial cost of larger solar panel systems is greater, the price per watt reduces as the system gets larger. For most homeowners, setting up a system that can generate enough power to eliminate their entire electric bill is advantageous, providing significant savings.
Make & Model - Like many other products, there are different makes and models of solar panels on the market. Your installer’s system preferences might necessitate choosing a recommended contractor. The selection of high-quality makes and models can substantially improve the long-term experience for buyers.
Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. Despite the higher price tag, these panels provide greater energy output. Most installation experts use panels made from this material.
Your Property - Each property and residence is unique. Issues such as trees, uneven landscapes, or other impediments may add to the complexity of the installation. Most solar installers now are able to utilize satellite imagery to assess your home and incorporate these factors in the initial cost estimate.
Labor Rates - Employees receive varying wages from different companies, and these costs are passed on to the consumers. Higher wages typically lead to companies getting better reviews for their work and customer service.
Permitting & Interconnection - Local permitting and utility level interconnection fees vary by area and will affect your final install price. Quality local installers will build these figures into your initial estimates to prevent any surprises.
See what solar panels cost in other Vermilion Parish cities
During December, 2024, the average price for solar panel installations in Vermilion Parish, LA is $3.69/W. Installing a 5 kW solar panel system in Vermilion Parish, LA will cost approximately $12,915 after applying the federal tax credit.
Residents of Louisiana can currently take advantage of 2 rebates and incentives offered by various utilities and government bodies. Furthermore, the majority of people qualify for the 30% federal tax credit.
Even though paying cash yields the best savings, there are now multiple financing options for solar panels that are also financially beneficial. Installers typically partner with financing companies and will include this information into your initial quotes.
Yes, homeowners in Vermilion Parish, LA generally see a payback time of 7 years for 5 kW solar panel systems, with electricity savings averaging $24,889.8 over a 20-year period.
Savings from 
Environmental Impacts 
