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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Average Cost of Solar Panels in Cabot
We go over average solar pricing in Cabot.
In Cabot, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Cabot, most homeowners require a 8.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $20,407, or $29,182 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar system you want, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Cabot can save around $17,000 on their energy bills over 20 years.
To get a free quote from a top solar company in Cabot, you can click the button below.
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
When going solar, many homeowners decide to go with a solar installation company since installing a solar system yourself can be a challenging project. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
If you're looking for a solar company in Cabot, we've put together a list of our top suggestions here:
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
While the average cost of a solar system in Cabot is $20,407, your final cost may be higher or lower than that. There are quite a few 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 for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,490. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Cabot homeowners opt to finance their solar panel systems to make paying for solar more affordable.Even though solar loans make switching to solar energy more accessible for Cabot homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Cabot is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that provide a range of services at different costs.The company’s size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater 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 promotion can bring their pricing lower to compete with bigger companies.
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 panel company you go with will be a major factor in determining 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 keep in mind, including:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Reputation: Companies that have been operating for many years 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.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
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
What is the average cost of installing 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will installing solar panels impact my home value?
Solar panels 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, which means you could be looking at 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 worthwhile investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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.