Solar Panel Cost Guide in Cabot, AR (2024 Update)
- Cabot Solar Installation Cost: $20,407
- 25-Year Savings: $22,628
- Payback Period: 13.6 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Cabot
We go over average solar pricing in Cabot.
The average cost of a solar panel system in Cabot is 3 per watt.The average Cabot homeowner needs a 8.4-kilowatt system, which would cost about $20,407 with the federal tax credit, or $29,182 before the 0 tax credit is applied.
How much you pay can go above or below the average in Cabot depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar company in Cabot that can help you get a more accurate cost estimate for your home.
Solar savings over time in Cabot
Year | Return on Investment |
---|---|
1 years | $-18,951 |
3 years | $-16,039 |
5 years | $-13,127 |
7 years | $-10,214 |
9 years | $-7,302 |
11 years | $-4,390 |
13 years | $-1,478 |
15 years | $1,434 |
17 years | $4,346 |
19 years | $7,258 |
21 years | $10,170 |
23 years | $13,082 |
25 years | $15,995 |
Top Solar Installers in Cabot
Putting up solar panels on your own can be a dangerous project, which is why using a solar installer is a good option for many homeowners. The expertise that solar companies provide can be helpful as well, particularly if you aren’t sure what type of solar equipment you need.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Cabot
Factors that Affect Solar Panel Costs in Cabot
Although the average cost of a solar system in Cabot is $20,407, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,490. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Cabot, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Cabot, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.It’s a good idea 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 remaining major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Cabot, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.The company’s size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $11,677 | 14.2 years |
8 kW | $3.56 | $19,935 | $15,960 | 13.9 years |
10 kW | $3.49 | $24,430 | $20,438 | 13.6 years |
12 kW | $3.42 | $28,730 | $25,112 | 13.3 years |
14 kW | $3.35 | $32,834 | $29,982 | 13.1 years |
16 kW | $3.28 | $36,743 | $35,047 | 12.8 years |
18 kW | $3.21 | $40,456 | $40,307 | 12.5 years |
20 kW | $3.14 | $43,974 | $45,763 | 12.3 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 Cabot, AR Solar Cost FAQs
How much does it cost to install solar panels in Cabot?
The average cost of solar panels in Cabot is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on things like the model 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?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will installing solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cabot is currently $229,218, so you can look forward to a value of about $9,398 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Cabot is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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.