Solar Panel Cost Guide in Benton, AR (Oct 2022)

  • Benton Solar Installation Cost: $14,953
  • 25-Year Savings: $21,560
  • Payback Period: 10.2 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Benton

Find out what the average cost of a solar system is in Benton.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Benton, the average cost of a solar system is $3 per watt. Since a 8.4-kW system is needed to cover the energy consumption of a typical home in Benton, the average price of going solar will be about $14,953 before claiming the federal solar tax credit of 30%.

The true cost of your system can be above or below the average in Benton based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. Despite the significant upfront cost, the average Benton homeowner can save around $16,000 on their power bills over 20 years, which is one of the positives of solar.

For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Benton

Year Return on Investment
1 years $-13,492
3 years $-10,571
5 years $-7,650
7 years $-4,729
9 years $-1,808
11 years $1,113
13 years $4,034
15 years $6,955
17 years $9,876
19 years $12,797
21 years $15,718
23 years $18,639
25 years $21,560

Top Solar Installers in Benton

Although it's possible to install solar panels yourself, it involves extra effort and handiness. That's one of the reasons most people choose to hire a solar panel installer. A solar company can also help save you money over time by providing warranties, repairs and system component replacements.

There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Benton

Factors that Affect Solar Panel Costs in Benton

For many Benton homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Benton, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

When it comes to estimating the cost of a solar panel system in Benton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by about $2,540 for each additional kilowatt you need. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Benton homeowners choose to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar system can play a part in determining the cost. Benton's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Benton have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

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 $14,952 10.6 years
8 kW $2.59 $14,508 $20,221 10.4 years
10 kW $2.54 $17,780 $25,631 10.2 years
12 kW $2.49 $20,909 $31,184 10.0 years
14 kW $2.44 $23,896 $36,879 9.8 years
16 kW $2.39 $26,741 $42,717 9.6 years
18 kW $2.34 $29,444 $48,697 9.4 years
20 kW $2.29 $32,004 $54,819 9.2 years

Solar Incentives in Benton

Name First Electric Cooperative - Home Improvement Loans
Incentive Amount $500- $15,000
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar company you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:

  • Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which company you should opt for, since different companies offer different panels.
  • Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
  • Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
  • Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

Best National Provider

SunPower

★★★★★
5.0

  • 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

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Benton, AR Solar Cost FAQs

What is the average cost of installing solar panels in Benton?

This is a difficult 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Can you get solar panels for free in Benton?

Solar panels aren't free in Benton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Do solar panels increase the value of your home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Benton is currently $154,690, which means you can expect about a value of about $6,342 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Benton is a rewarding investment.

How long do solar panels last in Benton?

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.

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