Solar Panel Cost Guide in Beebe, AR (Mar 2023)
- Beebe Solar Installation Cost: $15,024
- 25-Year Savings: $22,456
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Beebe
Find out what the average cost of installing solar panels is in Beebe.
In Beebe, solar panels cost about 2.54 per watt on average. To account for the typical energy needs of the average home in Beebe, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs around $15,024, or $21,484 before the federal solar tax credit of 30% is applied.
These figures are just averages, and your own solar costs will most likely look different based on factors unique to your home and what company you go with. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Beebe
| Year | Return on Investment |
|---|---|
| 1 years | $-13,525 |
| 3 years | $-10,527 |
| 5 years | $-7,528 |
| 7 years | $-4,530 |
| 9 years | $-1,531 |
| 11 years | $1,467 |
| 13 years | $4,465 |
| 15 years | $7,464 |
| 17 years | $10,462 |
| 19 years | $13,461 |
| 21 years | $16,459 |
| 23 years | $19,457 |
| 25 years | $22,456 |
Top Solar Installers in Beebe
Trying to install solar panels yourself can be a stressful task, which is why hiring a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Beebe, therefore optimizing your ROI.
If you're looking for a solar company in Beebe, the EcoWatch team has 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 Beebe
Factors that Affect Solar Panel Costs in Beebe
The cost of installing a solar system in Beebe can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Beebe, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,540 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Beebe to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to 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 choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $15,515 | 10.4 years |
| 8 kW | $2.59 | $14,508 | $20,971 | 10.2 years |
| 10 kW | $2.54 | $17,780 | $26,569 | 10.0 years |
| 12 kW | $2.49 | $20,909 | $32,310 | 9.8 years |
| 14 kW | $2.44 | $23,896 | $38,192 | 9.6 years |
| 16 kW | $2.39 | $26,741 | $44,217 | 9.4 years |
| 18 kW | $2.34 | $29,444 | $50,385 | 9.2 years |
| 20 kW | $2.29 | $32,004 | $56,694 | 9.0 years |
How to Save on Solar Panels
There are numerous companies available in Beebe, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although 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 make sure you peruse their list of options before making your decision.
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 Beebe, AR Solar Cost FAQs
How much does it cost to install solar panels in Beebe?
This is a difficult question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Beebe?
Leasing solar panels can be an appealing choice, because it typically 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 get the most savings.
Does Beebe have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.