Louisiana's electricity prices average $0.09/kWh, down from last year and well below the national average of $0.14/kWh.
Cost of a Solar Install
The average cost of a 5kW (equivalent to saving about 100 trees a year) solar power system starts around $10,000 in Louisiana. That system would pay for itself through energy savings within 5.3-6.5 years. System life can span well over 25 years, and savings will improve with inflation.
Solar Power in the Pelican State
In 2020 renewable sources accounted for about 4% of Louisiana's net power generation, and about 10% of that came from solar. renewable power generation. Louisiana does not have a renewable portfolio standard, or RPS, and therefore no solar carve outs. The state does offer some of the best tax credits in the country - 50% of the panel cost up to $12,500. The state does have net metering, with homeowner-produced power set at the market rate. Lastly, rooftop solar installs are totally exempt from property tax in the state.
