Solar Panel Cost Guide in Brookland, AR (Mar 2023)
- Brookland Solar Installation Cost: $15,131
- 25-Year Savings: $19,137
- Payback Period: 11.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Brookland
Find out what the average cost of installing solar panels is in Brookland.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Brookland, the average cost of solar panels is 2.54 per watt. To cover the typical energy usage of the average home in Brookland, most homeowners require a 8.5-kilowatt system. Using the figure above, a solar installation costs around $15,131, or $21,637 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Brookland 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. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $15,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Brookland
| Year | Return on Investment |
|---|---|
| 1 years | $-13,760 |
| 3 years | $-11,019 |
| 5 years | $-8,277 |
| 7 years | $-5,536 |
| 9 years | $-2,794 |
| 11 years | $-53 |
| 13 years | $2,689 |
| 15 years | $5,430 |
| 17 years | $8,172 |
| 19 years | $10,913 |
| 21 years | $13,655 |
| 23 years | $16,396 |
| 25 years | $19,137 |
Top Solar Installers in Brookland
When making the switch to solar, many homeowners choose to go with a solar installation company since putting up a solar system yourself can be a challenging project. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
There are several licensed solar professionals that can help you install your solar panels. 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
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 Brookland
Factors that Affect Solar Panel Costs in Brookland
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important 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 power your household uses, the larger your system will likely need to be. You can expect to spend about $2,540 per kilowatt in Brookland. The kind of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions 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 looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Brookland to be prohibitively costly, even if the investment pays off over time. Fortunately, 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 because of interest. However, the interest on solar loans also adds to your overall costs, so it's important to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Brookland, you'll have many options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $13,059 | 11.5 years |
| 8 kW | $2.59 | $14,508 | $17,696 | 11.3 years |
| 10 kW | $2.54 | $17,780 | $22,476 | 11.0 years |
| 12 kW | $2.49 | $20,909 | $27,398 | 10.8 years |
| 14 kW | $2.44 | $23,896 | $32,462 | 10.6 years |
| 16 kW | $2.39 | $26,741 | $37,668 | 10.4 years |
| 18 kW | $2.34 | $29,444 | $43,017 | 10.2 years |
| 20 kW | $2.29 | $32,004 | $48,508 | 9.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the company 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: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
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 Brookland, AR Solar Cost FAQs
How much does it cost to install solar panels in Brookland?
The average cost of solar panels in Brookland 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 stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Brookland?
Solar panels aren't free in Brookland, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will installing solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 buy 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.