Solar Panel Cost Guide in Bentonville, AR (2023 Update)
- Bentonville Solar Installation Cost: $15,237
- 25-Year Savings: $21,272
- Payback Period: 10.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Bentonville
Let's take a look at the average cost of solar panels in Bentonville.
In Bentonville, solar panels cost about 2.54 per watt on average. The average Bentonville homeowner needs a 8.6-kilowatt system, which would cost about $15,237 with the federal tax credit, or $21,789 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Bentonville homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find adopting solar power is a sound investment. The average homeowner in Bentonville can save around $16,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Bentonville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bentonville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,777 |
| 3 years | $-10,856 |
| 5 years | $-7,936 |
| 7 years | $-5,015 |
| 9 years | $-2,094 |
| 11 years | $827 |
| 13 years | $3,747 |
| 15 years | $6,668 |
| 17 years | $9,589 |
| 19 years | $12,510 |
| 21 years | $15,430 |
| 23 years | $18,351 |
| 25 years | $21,272 |
Top Solar Installers in Bentonville
When going solar, many homeowners choose to use a solar installer since installing a solar system yourself can be a challenging project. The expertise that solar companies provide can be helpful as well, particularly if you don't quite know what brand of solar equipment you need.
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 in Bentonville:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Bentonville
Factors that Affect Solar Panel Costs in Bentonville
For many Bentonville homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Bentonville, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $2,540 per kilowatt in Bentonville. The brand of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Bentonville to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Bentonville know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $14,465 | 10.9 years |
| 8 kW | $2.59 | $14,508 | $19,571 | 10.6 years |
| 10 kW | $2.54 | $17,780 | $24,819 | 10.4 years |
| 12 kW | $2.49 | $20,909 | $30,209 | 10.2 years |
| 14 kW | $2.44 | $23,896 | $35,742 | 10.0 years |
| 16 kW | $2.39 | $26,741 | $41,417 | 9.8 years |
| 18 kW | $2.34 | $29,444 | $47,234 | 9.6 years |
| 20 kW | $2.29 | $32,004 | $53,194 | 9.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you care about the durability of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Bentonville, AR Solar Cost FAQs
What is the average cost of installing solar panels in Bentonville?
The average cost of solar panels in Bentonville is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Bentonville?
A solar panel system isn't free in Bentonville, 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 can further reduce the cost.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Bentonville is currently $211,257, which means you can expect a value of about $8,662 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Bentonville is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.