Solar Panel Cost Guide in Cherokee Village, AR (Mar 2023)
- Cherokee Village Solar Installation Cost: $15,202
- 25-Year Savings: $25,635
- Payback Period: 9.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Cherokee Village
Let's take a look at the average cost of solar in Cherokee Village.
The national average cost of solar panels is $2.66 per watt, but in Cherokee Village it's 2.54 per watt. The average solar panel system size in Cherokee Village is around 8.6 kilowatts, meaning a cost of about $15,202 for a solar installation, or $21,739 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will look different based on your energy needs and what company you go with. With average savings of about $18,000 on energy bills over 20 years, many homeowners in Cherokee Village find going solar can pay off big.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Cherokee Village
| Year | Return on Investment |
|---|---|
| 1 years | $-13,568 |
| 3 years | $-10,301 |
| 5 years | $-7,035 |
| 7 years | $-3,768 |
| 9 years | $-501 |
| 11 years | $2,766 |
| 13 years | $6,033 |
| 15 years | $9,300 |
| 17 years | $12,567 |
| 19 years | $15,834 |
| 21 years | $19,101 |
| 23 years | $22,368 |
| 25 years | $25,635 |
Top Solar Installers in Cherokee Village
When going solar, many homeowners decide to hire a solar installation company since putting up solar panels yourself can be a challenging project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar system company to go with, here are our recommendations for providers near you:
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 Cherokee Village
Factors that Affect Solar Panel Costs in Cherokee Village
For many Cherokee Village homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Cherokee Village, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,540. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Cherokee Village average.
Solar Financing Terms
Most solar companies in Cherokee Village offer solar loans, which reduce your upfront costs of installing a solar system. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you pick will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Cherokee Village 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 | $2.64 | $11,095 | $17,549 | 9.7 years |
| 8 kW | $2.59 | $14,508 | $23,684 | 9.5 years |
| 10 kW | $2.54 | $17,780 | $29,960 | 9.3 years |
| 12 kW | $2.49 | $20,909 | $36,379 | 9.1 years |
| 14 kW | $2.44 | $23,896 | $42,940 | 8.9 years |
| 16 kW | $2.39 | $26,741 | $49,643 | 8.8 years |
| 18 kW | $2.34 | $29,444 | $56,488 | 8.6 years |
| 20 kW | $2.29 | $32,004 | $63,476 | 8.4 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
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 Cherokee Village, AR Solar Cost FAQs
How much does it cost to install solar panels in Cherokee Village?
This is a difficult question to answer exactly, because the cost depends on many 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Cherokee Village 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 offer you credit toward your future power bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 get 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.