Solar Panel Cost Guide in Barling, AR (2023 Update)
- Barling Solar Installation Cost: $14,989
- 25-Year Savings: $19,937
- Payback Period: 10.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Barling
Find out what the average cost of solar panel installation is in Barling.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Barling, the typical cost of solar panels is 2.54 per watt. Because a 8.4-kW system is needed to cover the energy costs of a typical home in Barling, the average price of going solar will be about $14,989 after claiming the federal solar tax credit of 30%.
The actual price you pay can be higher or lower than the average in Barling depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Barling can save around $16,000 on their power bills over 20 years.
To get a free quote from a vetted solar installer in Barling, you can click the button below.
Solar savings over time in Barling
| Year | Return on Investment |
|---|---|
| 1 years | $-13,892 |
| 3 years | $-11,698 |
| 5 years | $-9,505 |
| 7 years | $-7,311 |
| 9 years | $-5,117 |
| 11 years | $-2,923 |
| 13 years | $-729 |
| 15 years | $1,465 |
| 17 years | $3,659 |
| 19 years | $5,853 |
| 21 years | $8,047 |
| 23 years | $10,241 |
| 25 years | $12,435 |
Top Solar Installers in Barling
Although it's possible to install solar panels on your own, it involves extra time and handiness. That's why most homeowners choose to hire a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be right for your home.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Barling
Factors that Affect Solar Panel Costs in Barling
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Barling: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,540. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Barling, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Barling to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $13,762 | 11.2 years |
| 8 kW | $2.59 | $14,508 | $18,634 | 10.9 years |
| 10 kW | $2.54 | $17,780 | $23,648 | 10.7 years |
| 12 kW | $2.49 | $20,909 | $28,804 | 10.5 years |
| 14 kW | $2.44 | $23,896 | $34,103 | 10.3 years |
| 16 kW | $2.39 | $26,741 | $39,544 | 10.1 years |
| 18 kW | $2.34 | $29,444 | $45,127 | 9.9 years |
| 20 kW | $2.29 | $32,004 | $50,852 | 9.7 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: When making the switch to solar, it's necessary to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the project timeline.
- Warranty: If you're worried about the endurance of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Barling, AR Solar Cost FAQs
How much does it cost to install solar panels in Barling?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Barling?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Barling, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.