Solar Panel Cost Guide in Conway, AR (2025 Update)
- Conway Solar Installation Cost: $20,705
- 25-Year Savings: $17,488
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Conway
Find out what the average cost of a solar system is in Conway.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Conway, the average cost of solar panels is 3 per watt.To account for the typical energy usage of the average home in Conway, most homeowners require a 8.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $20,705, or $29,608 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 vary based on your household energy needs, the type of equipment you choose, your solar contractor and more.With average savings of about $15,000 on utility bills over 20 years, many homeowners in Conway find installing solar panels can pay off big.
Click the button below to get connected to a vetted solar company in Conway for a customized quote.
Solar savings over time in Conway
| Year | Return on Investment |
|---|---|
| 1 years | $-19,249 |
| 3 years | $-16,337 |
| 5 years | $-13,425 |
| 7 years | $-10,513 |
| 9 years | $-7,601 |
| 11 years | $-4,689 |
| 13 years | $-1,777 |
| 15 years | $1,136 |
| 17 years | $4,048 |
| 19 years | $6,960 |
| 21 years | $9,872 |
| 23 years | $12,784 |
| 25 years | $15,696 |
Top Solar Installers in Conway
Many homeowners opt for a solar panel company since trying to install solar panels on your own can be hard. The payback period on an investment in solar panels will vary depending on factors like your location and energy usage, but working with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.
If you’d like to make the switch to solar but still aren’t sure which solar panel company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Conway
Factors that Affect Solar Panel Costs in Conway
For many Conway homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Conway, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Conway, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly 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 type of solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Conway average.
Solar Financing Terms
Many homeowners find the average cost of solar in Conway to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Conway is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $7,804 | 16.5 years |
| 8 kW | $3.56 | $19,935 | $10,796 | 16.2 years |
| 10 kW | $3.49 | $24,430 | $13,983 | 15.9 years |
| 12 kW | $3.42 | $28,730 | $17,367 | 15.6 years |
| 14 kW | $3.35 | $32,834 | $20,945 | 15.3 years |
| 16 kW | $3.28 | $36,743 | $24,719 | 14.9 years |
| 18 kW | $3.21 | $40,456 | $28,688 | 14.6 years |
| 20 kW | $3.14 | $43,974 | $32,853 | 14.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When making the switch to 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: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
EcoWatch's Conway, AR Solar Cost FAQs
How much does it cost to install solar panels in Conway?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Conway?
You can’t get solar panels for free in Conway. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Conway?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had 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.