Solar Panel Cost Guide in Booneville, AR (2024 Update)
- Booneville Solar Installation Cost: $20,696
- 25-Year Savings: $19,923
- Payback Period: 14.8 Years
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Average Cost of Solar Panels in Booneville
We go over average solar pricing in Booneville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Booneville, the typical cost of a solar system is 3 per watt.The average Booneville homeowner needs a 8.5-kilowatt system, which would cost about $20,696 with the federal tax credit, or $29,595 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Booneville homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $16,000 on electricity bills over 20 years, many homeowners in Booneville find going solar can pay off big.
Click the button below to get connected to a reputable solar installer in Booneville for a customized quote.
Solar savings over time in Booneville
| Year | Return on Investment |
|---|---|
| 1 years | $-19,240 |
| 3 years | $-16,328 |
| 5 years | $-13,416 |
| 7 years | $-10,503 |
| 9 years | $-7,591 |
| 11 years | $-4,679 |
| 13 years | $-1,767 |
| 15 years | $1,145 |
| 17 years | $4,057 |
| 19 years | $6,969 |
| 21 years | $9,881 |
| 23 years | $12,794 |
| 25 years | $15,706 |
Top Solar Installers in Booneville
Trying to install solar panels by yourself can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. Plus, if you’re unsure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
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 Booneville
Factors that Affect Solar Panel Costs in Booneville
The cost of installing a solar system in Booneville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,490 per kilowatt in Booneville.The model of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to think 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 researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Booneville to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can impact your pricing. Booneville’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut 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 | $3.63 | $15,244 | $9,534 | 15.4 years |
| 8 kW | $3.56 | $19,935 | $13,103 | 15.1 years |
| 10 kW | $3.49 | $24,430 | $16,867 | 14.8 years |
| 12 kW | $3.42 | $28,730 | $20,827 | 14.5 years |
| 14 kW | $3.35 | $32,834 | $24,982 | 14.2 years |
| 16 kW | $3.28 | $36,743 | $29,333 | 13.9 years |
| 18 kW | $3.21 | $40,456 | $33,879 | 13.6 years |
| 20 kW | $3.14 | $43,974 | $38,621 | 13.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: If you care about the durability of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best National Provider
SunPower
- 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
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 Booneville, AR Solar Cost FAQs
How much does it cost to install solar panels in Booneville?
The average cost of solar panels in Booneville is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Booneville?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Booneville?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.