Solar Panel Cost Guide in Centerton, AR (Mar 2023)
- Centerton Solar Installation Cost: $15,237
- 25-Year Savings: $21,990
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Centerton
Find out what the average cost of installing solar panels is in Centerton.
The average cost of a solar system in Centerton is 2.54 per watt. Using this figure, a typical 8.6-kW system would cost about $15,237 before the 30% 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 will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. Many homeowners find going solar is a sound investment. The average homeowner in Centerton can save about $17,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Centerton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,748 |
| 3 years | $-10,770 |
| 5 years | $-7,792 |
| 7 years | $-4,814 |
| 9 years | $-1,835 |
| 11 years | $1,143 |
| 13 years | $4,121 |
| 15 years | $7,099 |
| 17 years | $10,077 |
| 19 years | $13,056 |
| 21 years | $16,034 |
| 23 years | $19,012 |
| 25 years | $21,990 |
Top Solar Installers in Centerton
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be a labor-intensive endeavor. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for you.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers in Centerton:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Centerton
Factors that Affect Solar Panel Costs in Centerton
The cost of installing a solar system in Centerton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Centerton homeowners decide to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
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 choose to install your PV system. As with choosing a company to install new cabinets, for instance, you'll have many options for solar installers that offer a range of services at different costs. Additionally, some companies in Centerton have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $2.64 | $11,095 | $14,968 | 10.6 years |
| 8 kW | $2.59 | $14,508 | $20,241 | 10.4 years |
| 10 kW | $2.54 | $17,780 | $25,657 | 10.2 years |
| 12 kW | $2.49 | $20,909 | $31,215 | 10.0 years |
| 14 kW | $2.44 | $23,896 | $36,916 | 9.8 years |
| 16 kW | $2.39 | $26,741 | $42,758 | 9.6 years |
| 18 kW | $2.34 | $29,444 | $48,743 | 9.4 years |
| 20 kW | $2.29 | $32,004 | $54,870 | 9.2 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:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Read the contract terms carefully to make sure you understand the total cost, completion timeline incentives and warranties.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Centerton, AR Solar Cost FAQs
How much does it cost to install solar panels in Centerton?
This is a tough 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 additional 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 go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 account for 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.