Solar Panel Cost Guide in Atkins, AR (Mar 2023)
- Atkins Solar Installation Cost: $15,166
- 25-Year Savings: $22,886
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Atkins
See how much it might cost to go solar in Atkins.
While the national average of solar panels is $2.66 per watt, solar panels in Atkins typically cost around 2.54. Since a 8.5-kW system is needed to cover the energy costs of a typical home in Atkins, the average price of going solar will be about $15,166 after claiming the federal solar tax credit of 30%.
These figures are just averages, and your own solar costs will vary based on factors unique to your home and what company you want to go with. For many homeowners, the upfront investment in solar is worth paying. On average Atkins homeowners see about $17,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Atkins for a quote for your home.
Solar savings over time in Atkins
| Year | Return on Investment |
|---|---|
| 1 years | $-13,644 |
| 3 years | $-10,600 |
| 5 years | $-7,556 |
| 7 years | $-4,512 |
| 9 years | $-1,467 |
| 11 years | $1,577 |
| 13 years | $4,621 |
| 15 years | $7,665 |
| 17 years | $10,709 |
| 19 years | $13,754 |
| 21 years | $16,798 |
| 23 years | $19,842 |
| 25 years | $22,886 |
Top Solar Installers in Atkins
Installing solar panels on your own can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
If you're looking for a solar company in Atkins, we've organized a list of our top suggestions here:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Atkins
Factors that Affect Solar Panel Costs in Atkins
Even though the average cost of a solar system in Atkins is $15,166, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,540. The model of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Atkins, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's vital to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can play a part in determining how much you pay. Atkins' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.64 | $11,095 | $15,661 | 10.4 years |
| 8 kW | $2.59 | $14,508 | $21,165 | 10.2 years |
| 10 kW | $2.54 | $17,780 | $26,812 | 10.0 years |
| 12 kW | $2.49 | $20,909 | $32,601 | 9.8 years |
| 14 kW | $2.44 | $23,896 | $38,533 | 9.6 years |
| 16 kW | $2.39 | $26,741 | $44,606 | 9.4 years |
| 18 kW | $2.34 | $29,444 | $50,822 | 9.2 years |
| 20 kW | $2.29 | $32,004 | $57,180 | 9.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: When making the switch to solar, it's necessary to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Atkins, AR Solar Cost FAQs
How much does it cost to install solar panels in Atkins?
The average cost of solar panels in Atkins is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
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 enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Atkins?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.