Solar Panel Cost Guide in Cabot, AR (Jul 2022)

  • Cabot Solar Installation Cost: $15,695
  • 25-Year Savings: $21,785
  • Payback Period: 10.5 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in Cabot

Find out what the average cost of installing solar panels is in Cabot.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Cabot, the typical cost of a solar system is $3 per watt. The average solar panel system size in Cabot is around 8.3 kilowatts, meaning a cost of about $15,695 for a solar installation, or $11,614 after the federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Cabot see about $17,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a vetted solar installer 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 $-14,195
3 years $-11,197
5 years $-8,199
7 years $-5,200
9 years $-2,202
11 years $796
13 years $3,795
15 years $6,793
17 years $9,792
19 years $12,790
21 years $15,788
23 years $18,787
25 years $21,785

Top Solar Installers in Cabot

Putting up solar panels on your own can be a difficult task, which is why getting 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 company can help you figure that out after a site survey and consultation.

If you're looking for a solar installer in Cabot, we've put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Cabot

Factors that Affect Solar Panel Costs in Cabot

For many Cabot homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Cabot, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

The size of the system you need is one of the largest factors that affects the overall cost of going solar. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The kind of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, 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 into a solar system that falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Cabot to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Cabot, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk 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 $11,729 $15,192 10.9 years
8 kW $2.59 $15,338 $20,557 10.7 years
10 kW $2.54 $18,796 $26,072 10.5 years
12 kW $2.49 $22,104 $31,738 10.3 years
14 kW $2.44 $25,262 $37,554 10.1 years
16 kW $2.39 $28,269 $43,520 9.8 years
18 kW $2.34 $31,126 $49,637 9.6 years
20 kW $2.29 $33,833 $55,904 9.4 years

Solar Incentives in Cabot

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

How to Save on Solar Panels

There are many companies to choose from in Cabot, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:

  • Solar Panel Brands: The kind of solar panel you want to get plays a part in which installer you should choose, since different companies have different panels.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
  • Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Cabot, AR Solar Cost FAQs

What is the average cost of installing solar panels in Cabot?

This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

What other factors should I consider apart from cost when buying solar panels?

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 trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.

Do solar panels increase the value of your home?

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 $156,775, which means you can expect about a value of about $6,428 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?

The exact number of solar panels you need depends on your household energy usage 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.

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