May 21, 2024

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Solar Panels: Is Shreveport good for solar panels?

New California rule will facilitate the recycling of solar panels - Waste  Today

Renewable energy has been something that humans have used for the longest time, and it keeps evolving as time passes as we slowly utilize our natural resources more without destroying anything. And one of those innovations that people are learning to utilize is solar panels. What is the most efficient residential solar panel? Is Shreveport good for solar panels? There are a lot of Louisiana residents who have or who are planning to have their own Shreveport residential solar energy systems. There are over 4,200 homeowners in Louisiana who have received and compared solar panel installation quotes. 

How much does residential solar installation cost in Shreveport?

The average cost of a solar panel installation in Louisiana usually ranges from $12,580 to $17,020. But if you want to base it on the cost per watt, then Louisiana’s average cost for a solar panel installation ranges from $2.52 to $3.40. 

When you are planning to buy a solar panel system, then you are going to have to also consider the solar payback period. The solar payback period tells us at what time you would recover from your initial investment through electricity savings from your solar system. In terms of the average solar payback period of Louisiana, the period is 14.45 years give or take.

What solar panels should I install in Louisiana?

In our modern-day and age, you can now customize your solar panels, inverters, batteries, general aesthetic, and racking systems and this has made it important for solar consumers to understand all of these various factors. You are going to need to determine whether high-efficiency solar panels can produce more electricity, know whether or not you will get a solar panel that may have premium warranties and efficiencies, and determine the risks.

Shreveport Solar Incentives

Known for its great solar incentives and programs, Louisiana is considered some of the best in the country. You would be able to save thousands of dollars on your electricity costs when you install a solar panel system in your home.

Homes Energy Loan Program (HELP)

Homeowners who go solar and conduct other energy-efficient measures on their property are offered low-interest home improvement loans by the Louisiana Department of Natural Resources. You can receive a HELP loan with a reduced interest rate to pay for the energy work after getting a recommendation from an energy auditor. And this is all thanks to the funds that are allocated by the Department of Natural Resources.

Louisiana Net Metering

One of the most important regulatory policies for residential solar owners in Shreveport is net metering. It would allow you to sell any of the excess solar energy that you may have back to the grid. Your solar panels can be producing electricity and saving you money while you are out and about during the day and not using as much electricity at your house.

Federal Solar Tax Credit

You could be able to reduce the cost of your PV solar energy system by 26 percent with the Investment Tax Credit (ITC) and it only applies to those people who buy their PV system either with a cash purchase or a solar loan, and you must have enough income for the tax credit to be meaningful.

How much energy can I get from solar in Louisiana?

The amount of energy that you could generate with solar panels in Shreveport is directly related to the amount of sunlight that hits your panels. Shreveport is an amazing city for solar potential because Louisiana ranks in the top 20 of US states for the number of peak sun hours received per year and they see over 100 clear days per year.

Shading, panel orientation, and panel angle are also some of the additional factors that could determine how much collar electricity that your solar panels could produce. These are all used to calculate your total production estimate and predict how much energy that your solar panels would be able to produce over time. This allows you to see a clear estimate of how much energy your solar panels would provide and save you based on factors like geographic location and shading.

One of the biggest advantages of turning to renewable energy in every state of the United States is the additional incentives that you would receive from the government that is dependent on your area and utility company.