Solar Panel Cost Guide in Corning, AR (2023 Update)
- Corning Solar Installation Cost: $15,291
- 25-Year Savings: $27,079
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Corning
See how much it might cost to install solar panels in Corning.
In Corning, solar panels cost about 2.54 per watt on average. The average Corning homeowner needs a 8.6-kilowatt system, which would cost about $15,291 with the federal tax credit, or $21,866 before the 30% tax credit is applied.
The true cost of your system can be above or below the average in Corning based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. But, once you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar installer in Corning that can help you get a more accurate cost estimate for your home.
Solar savings over time in Corning
| Year | Return on Investment |
|---|---|
| 1 years | $-13,596 |
| 3 years | $-10,206 |
| 5 years | $-6,817 |
| 7 years | $-3,427 |
| 9 years | $-38 |
| 11 years | $3,352 |
| 13 years | $6,741 |
| 15 years | $10,131 |
| 17 years | $13,520 |
| 19 years | $16,910 |
| 21 years | $20,300 |
| 23 years | $23,689 |
| 25 years | $27,079 |
Top Solar Installers in Corning
Many homeowners opt for a solar installer since installing solar panels by yourself can be time-consuming. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our recommendations for providers in Corning:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Corning
Factors that Affect Solar Panel Costs in Corning
There are many factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Corning to be too expensive, 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 for most homeowners, but they also lead to a higher cost over time due to interest. Although solar loans make switching to solar energy more accessible for Corning homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Corning is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services for different budgets. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $18,467 | 9.4 years |
| 8 kW | $2.59 | $14,508 | $24,907 | 9.2 years |
| 10 kW | $2.54 | $17,780 | $31,490 | 9.0 years |
| 12 kW | $2.49 | $20,909 | $38,215 | 8.8 years |
| 14 kW | $2.44 | $23,896 | $45,082 | 8.7 years |
| 16 kW | $2.39 | $26,741 | $52,091 | 8.5 years |
| 18 kW | $2.34 | $29,444 | $59,242 | 8.3 years |
| 20 kW | $2.29 | $32,004 | $66,536 | 8.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: The kind of solar panel you need plays a part in which installer you should choose, since different companies have different panels.
- Reputation: Solar panel companies 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: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Corning, AR Solar Cost FAQs
How much does it cost to install solar panels in Corning?
The average cost of solar panels in Corning is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Corning?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How much can I save on energy bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Corning, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Corning?
On average, the lifespan of solar panels is 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 larger amount 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.