Solar Panel Cost Guide in Centerton, AR (2025 Update)
- Centerton Solar Installation Cost: $20,937
- 25-Year Savings: $21,989
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Centerton
Find out what the average cost of solar panels are in Centerton.
Although the national average of solar panels is $2.66 per watt, solar panels in Centerton generally cost around 3.To cover the typical energy usage of the average home in Centerton, most homeowners require a 8.6-kilowatt system. Using the figure above, a solar installation costs about $20,937, or $29,940 before the federal solar tax credit of 0 is applied.
Remember 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 solar panels you choose, your solar contractor and more.Even with the large initial cost, the average Centerton homeowner can save about $17,000 on their power bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Centerton
| Year | Return on Investment |
|---|---|
| 1 years | $-19,389 |
| 3 years | $-16,292 |
| 5 years | $-13,195 |
| 7 years | $-10,098 |
| 9 years | $-7,001 |
| 11 years | $-3,903 |
| 13 years | $-806 |
| 15 years | $2,291 |
| 17 years | $5,388 |
| 19 years | $8,485 |
| 21 years | $11,582 |
| 23 years | $14,679 |
| 25 years | $17,776 |
Top Solar Installers in Centerton
Although you can install solar panels by yourself, it requires extra energy and expertise. That's why most homeowners choose to hire a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Centerton
Factors that Affect Solar Panel Costs in Centerton
There are many factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of solar panels in Centerton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past power bills. Your total cost can increase by around $3,490 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down 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 power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Centerton average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your total costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Centerton is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services at different price points.Additionally, some companies in Centerton have more knowledge about local solar incentives and can help you learn about 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 | $10,818 | 14.6 years |
| 8 kW | $3.56 | $19,935 | $14,815 | 14.3 years |
| 10 kW | $3.49 | $24,430 | $19,007 | 14.1 years |
| 12 kW | $3.42 | $28,730 | $23,395 | 13.8 years |
| 14 kW | $3.35 | $32,834 | $27,978 | 13.5 years |
| 16 kW | $3.28 | $36,743 | $32,757 | 13.2 years |
| 18 kW | $3.21 | $40,456 | $37,731 | 12.9 years |
| 20 kW | $3.14 | $43,974 | $42,900 | 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 brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
EcoWatch's Centerton, AR Solar Cost FAQs
How much does it cost to install solar panels in Centerton?
This is a hard question to answer exactly, because the cost depends on many 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Centerton?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Centerton is currently $321,009, so you can expect a value of about $13,161 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Centerton is a rewarding investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.