Solar Panel Cost Guide in Bryant, AR (2024 Update)
- Bryant Solar Installation Cost: $20,548
- 25-Year Savings: $15,854
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Bryant
Find out what the average cost of solar panel installation is in Bryant.
While the national average of solar panels is $2.66 per watt, solar panels in Bryant typically cost around 3.To cover the typical energy needs of the average home in Bryant, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs about $20,548, or $29,384 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Bryant homeowner. The price 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 most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Bryant see about $16,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Bryant
| Year | Return on Investment |
|---|---|
| 1 years | $-19,092 |
| 3 years | $-16,179 |
| 5 years | $-13,267 |
| 7 years | $-10,355 |
| 9 years | $-7,443 |
| 11 years | $-4,531 |
| 13 years | $-1,619 |
| 15 years | $1,293 |
| 17 years | $4,205 |
| 19 years | $7,118 |
| 21 years | $10,030 |
| 23 years | $12,942 |
| 25 years | $15,854 |
Top Solar Installers in Bryant
Although it's possible to install solar panels on your own, it requires extra time and know-how. That's one of the reasons most people choose to hire a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers nearby:
See all of the solar companies in Bryant
Factors that Affect Solar Panel Costs in Bryant
For many Bryant homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Bryant, with typical prices between $20,000 to $40,000. There are numerous factors that significantly 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 adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,490 per kilowatt in Bryant.The kind of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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’s in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Bryant homeowners opt to finance their solar panel systems to make going solar more affordable.Though solar loans make switching to solar energy more accessible for Bryant homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Bryant is the company you choose to install your solar system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in Bryant 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 | $3.63 | $15,244 | $10,802 | 14.6 years |
| 8 kW | $3.56 | $19,935 | $14,794 | 14.4 years |
| 10 kW | $3.49 | $24,430 | $18,981 | 14.1 years |
| 12 kW | $3.42 | $28,730 | $23,364 | 13.8 years |
| 14 kW | $3.35 | $32,834 | $27,942 | 13.5 years |
| 16 kW | $3.28 | $36,743 | $32,715 | 13.2 years |
| 18 kW | $3.21 | $40,456 | $37,684 | 12.9 years |
| 20 kW | $3.14 | $43,974 | $42,849 | 12.7 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 models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: When making the switch to solar, it’s important to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the completion timeline.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a quality company.
EcoWatch's Bryant, AR Solar Cost FAQs
How much does it cost to install solar panels in Bryant?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Bryant?
You can’t get solar panels for free in Bryant. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact the value of my home?
Solar panels can increase your property’s 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 solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.