Benefits of Solar Energy
Solar energy provides multiple advantages. Here are some highlights.
- Reduced carbon footprint: Using clean solar power reduces your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Better energy independence: Adding a battery storage system lets you have reliable energy during storms and grid outages.
- Lowered energy bills: With a solar array, you produce power without paying the tacked-on costs of grid-tied power. You can eliminate your bills completely if you go off-grid.
What Solar Incentives Are Available to Metairie Homeowners?
Louisiana homeowners who decide on solar could qualify for rebates, reimbursements, tax credits and special financing. Here are just a few of the region's incentive programs.
Incentive Type: Property Tax Incentive
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Metairie
The more informed your provider search is, the better your solar installation will ultimately function. Make your choice based on the following key factors.
Licensing and Training
In Louisiana, contractors can earn a solar energy endorsement, or "classification," on their commercial contracting license. To do this, they need to obtain electrical, mechanical, or building endorsements first, then take an exam or submit a copy of their certification with NABCEP. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar sector's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Metairie
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total project price, but they can boost your solar system's efficiency. Not every solar contractor offers these extras, so look for a provider that installs them if it's a priority for you.
Most Metairie homeowners select solar systems sized for five kilowatts (kW) of electrical capacity. These systems run about $19,000 to install, considering both parts and installation. You can find more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Metairie
Choosing the right financing plan will influence your overall solar system cost and potential savings. Common payment options include cash payments, loans, leases, and power purchase agreements. We suggest paying with cash or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to reduce your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases allow you to rent your panels for a fixed monthly rate, while PPAs let you pay only for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for companies that offer two or more payment plans to find the right fit for your budget.
The table below lists the average payback periods for different capacities of solar systems in Metairie.
You are eligible for a 26% federal tax credit for new solar energy equipment until the year 2032. Local and state governments and utility companies might also offer discounts, rebates, and dedicated financing plans that could save you more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Metairie
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Metairie?
Should I expect a property value increase after going solar?
What's a Metairie solar panel's average lifespan?
How do I care for my new solar system?
What's the average solar system size in Metairie?
What's the difference between a PPA and traditional financing?
In contrast, solar loans can come from local banks, installer, specialty lenders and the government. You'll need to pass a credit check to qualify for most of them. While the upfront costs are larger, and you'll be responsible for upkeep, you'll also have total ownership and can apply for many more incentives.
Should I get quotes from multiple Metairie solar companies?
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