Solar Panel Cost Guide in Centerton, AR (2023 Update)
- Centerton Solar Installation Cost: $15,238
- 25-Year Savings: $21,989
- Payback Period: 10.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Centerton
Find out how much it might cost to install solar panels in Centerton.
The average cost of a solar system in Centerton is 2.54 per watt. The average Centerton homeowner needs a 8.6-kilowatt system, which would cost about $15,237 with the federal tax credit, or $21,789 before the 30% 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 consumption, the type of solar panels you choose, your solar contractor and more. With typical savings of about $17,000 on utility bills over 20 years, many homeowners in Centerton find installing solar panels can pay off big.
To get a free estimate from a pre-vetted solar installer in Centerton, you can click the button below.
Solar savings over time in Centerton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,114 |
| 3 years | $-14,866 |
| 5 years | $-14,618 |
| 7 years | $-14,370 |
| 9 years | $-14,121 |
| 11 years | $-13,873 |
| 13 years | $-13,625 |
| 15 years | $-13,377 |
| 17 years | $-13,129 |
| 19 years | $-12,880 |
| 21 years | $-12,632 |
| 23 years | $-12,384 |
| 25 years | $-12,136 |
Top Solar Installers in Centerton
Trying to put up solar panels by yourself can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're not certain what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Centerton
Factors that Affect Solar Panel Costs in Centerton
Even though the average cost of a solar system in Centerton is $15,237, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar system you need, 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 $2,540. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Centerton average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Centerton, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your overall costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration 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 example, you'll have no shortage of solar installers that offer a range of services at different price points. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 numerous companies available in Centerton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Centerton, AR Solar Cost FAQs
What is the average cost of installing solar panels in Centerton?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
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 Centerton is currently $231,992, which means you could be looking at a value of about $9,512 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Centerton is a worthwhile investment.
How long do solar panels last in Centerton?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.