Solar Panel Cost Guide in Ashdown, AR (2024 Update)
- Ashdown Solar Installation Cost: $20,285
- 25-Year Savings: $22,201
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Ashdown
Here’s how much it might cost to make the switch to solar in Ashdown.
The average cost of a solar system in Ashdown is 3 per watt.The average solar panel system size in Ashdown is around 8.3 kilowatts, meaning a cost of about $20,285 for a solar installation, or $29,008 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Ashdown based on a few factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find going solar is a solid investment. The average homeowner in Ashdown can save about $17,000 on their energy bills over 20 years.
To receive a free estimate from a top solar installation company in Ashdown, you can click the button below.
Solar savings over time in Ashdown
| Year | Return on Investment |
|---|---|
| 1 years | $-18,904 |
| 3 years | $-16,142 |
| 5 years | $-13,380 |
| 7 years | $-10,618 |
| 9 years | $-7,856 |
| 11 years | $-5,094 |
| 13 years | $-2,332 |
| 15 years | $430 |
| 17 years | $3,193 |
| 19 years | $5,955 |
| 21 years | $8,717 |
| 23 years | $11,479 |
| 25 years | $14,241 |
Top Solar Installers in Ashdown
Although it's possible to install solar panels by yourself, it takes extra energy and knowledge. For that reason, most people choose to hire a solar panel installer. Plus, if you aren’t sure what brand of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Ashdown
Factors that Affect Solar Panel Costs in Ashdown
There are several criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,490.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Ashdown average.
Solar Financing Terms
Many homeowners find the average cost of solar in Ashdown to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Ashdown is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.63 | $15,244 | $11,466 | 14.3 years |
| 8 kW | $3.56 | $19,935 | $15,678 | 14.0 years |
| 10 kW | $3.49 | $24,430 | $20,086 | 13.7 years |
| 12 kW | $3.42 | $28,730 | $24,690 | 13.4 years |
| 14 kW | $3.35 | $32,834 | $29,489 | 13.2 years |
| 16 kW | $3.28 | $36,743 | $34,484 | 12.9 years |
| 18 kW | $3.21 | $40,456 | $39,673 | 12.6 years |
| 20 kW | $3.14 | $43,974 | $45,059 | 12.3 years |
How to Save on Solar Panels
There are many companies available in Ashdown, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will have various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: If you care about the endurance of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Ashdown, AR Solar Cost FAQs
What is the average cost of installing solar panels in Ashdown?
The average cost of solar panels in Ashdown is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Ashdown?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Ashdown?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.