Is Solar Worth It in Lafayette, LA?
A data-driven analysis based on Lafayette's electricity rates, sun exposure, and available incentives.
Yes, Solar Is Worth It in Lafayette
With a 8.6-year payback and 307% ROI, solar is an excellent investment in Lafayette.
8.6 years
Payback Period
$45,701
25-Year Savings
307%
Return on Investment
$14,896
Net System Cost
$145
Monthly Savings
$1,740
Annual Savings
7.6 kW
System Size
$851
Home Value Boost
Why Solar Works in Lafayette
- +Full net metering — get retail credit for excess energy
- +Estimated $851 increase in home value
- +30% federal tax credit reduces upfront cost significantly
- +Protection against future electricity rate increases (avg 3%/year)
Considerations
- -Lower electricity rates (13¢/kWh) mean smaller immediate savings
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