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Top Solar Installers in Conway
Although you can install solar panels by yourself, it takes extra energy and know-how. That's one of the reasons most people choose to go with a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for you.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
See all of the solar companies in Conway
Factors that Affect Solar Panel Costs in Conway
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Conway: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment Size
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size. Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,540. The type of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Conway homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Conway, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Conway are more knowledgeable about local solar incentives and can help you make good use of 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 end up saving you 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||$11,953||12.0 years|
|8 kW||$2.59||$14,508||$16,222||11.8 years|
|10 kW||$2.54||$17,780||$20,633||11.6 years|
|12 kW||$2.49||$20,909||$25,187||11.3 years|
|14 kW||$2.44||$23,896||$29,883||11.1 years|
|16 kW||$2.39||$26,741||$34,720||10.9 years|
|18 kW||$2.34||$29,444||$39,701||10.6 years|
|20 kW||$2.29||$32,004||$44,823||10.4 years|
Solar Incentives in Conway
How to Save on Solar Panels
The solar panel company you go with will impact 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 several important things you should keep in mind, including:
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
EcoWatch's Conway, AR Solar Cost FAQs
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.