Solar Panel Cost Guide in Cave Springs, AR (2024 Update)
- Cave Springs Solar Installation Cost: $20,937
- 25-Year Savings: $21,209
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Cave Springs
Let’s have a look at the average cost of solar panels in Cave Springs.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cave Springs, the typical cost of a solar system is 3 per watt.The average solar panel system size in Cave Springs is around 8.6 kilowatts, meaning a cost of about $20,937 for a solar installation, or $29,940 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.Even with the significant initial cost, the average Cave Springs homeowner can save around $16,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Cave Springs
Year | Return on Investment |
---|---|
1 years | $-19,489 |
3 years | $-16,592 |
5 years | $-13,695 |
7 years | $-10,798 |
9 years | $-7,901 |
11 years | $-5,004 |
13 years | $-2,107 |
15 years | $790 |
17 years | $3,688 |
19 years | $6,585 |
21 years | $9,482 |
23 years | $12,379 |
25 years | $15,276 |
Top Solar Installers in Cave Springs
Installing solar panels on your own can be a stressful undertaking, which is why getting a solar installation company is a good option for many homeowners. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're searching for a solar installer in Cave Springs, we've compiled 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 Cave Springs
Factors that Affect Solar Panel Costs in Cave Springs
For many Cave Springs homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Cave Springs, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,490. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Cave Springs average.
Solar Financing Terms
Many homeowners find the average cost of solar in Cave Springs to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.However, the interest on solar loans also adds to your overall costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you select will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $10,271 | 14.9 years |
8 kW | $3.56 | $19,935 | $14,086 | 14.6 years |
10 kW | $3.49 | $24,430 | $18,096 | 14.4 years |
12 kW | $3.42 | $28,730 | $22,302 | 14.1 years |
14 kW | $3.35 | $32,834 | $26,703 | 13.8 years |
16 kW | $3.28 | $36,743 | $31,299 | 13.5 years |
18 kW | $3.21 | $40,456 | $36,091 | 13.2 years |
20 kW | $3.14 | $43,974 | $41,078 | 12.9 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two 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 previous customers.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
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 Cave Springs, AR Solar Cost FAQs
How much does it cost to install solar panels in Cave Springs?
The average cost of solar panels in Cave Springs 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 type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Cave Springs have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out how many solar panels 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 usually 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.