Solar Panel Cost Guide in Crossett, AR (2023 Update)
- Crossett Solar Installation Cost: $14,541
- 25-Year Savings: $24,310
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Crossett
See how much it might cost to install solar panels in Crossett.
Although the national average of solar panels is $2.66 per watt, solar panels in Crossett generally cost about 2.54. To account for the typical energy usage of the average home in Crossett, most homeowners require a 8.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,544, or $20,798 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Crossett homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find going solar is a sound investment. The average homeowner in Crossett can save around $18,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar installer in Crossett that can help you get a more accurate cost estimate for your home.
Solar savings over time in Crossett
| Year | Return on Investment |
|---|---|
| 1 years | $-14,411 |
| 3 years | $-14,152 |
| 5 years | $-13,893 |
| 7 years | $-13,634 |
| 9 years | $-13,375 |
| 11 years | $-13,116 |
| 13 years | $-12,857 |
| 15 years | $-12,598 |
| 17 years | $-12,339 |
| 19 years | $-12,080 |
| 21 years | $-11,821 |
| 23 years | $-11,562 |
| 25 years | $-11,303 |
Top Solar Installers in Crossett
Installing solar panels yourself can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Also, if you'd like to maximize your investment in solar energy, using a solar installer can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar company can help you make the most of your investment in solar. 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 Crossett
Factors that Affect Solar Panel Costs in Crossett
There are many factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,540. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Crossett to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Crossett, and each can charge varying amounts for labor and equipment. 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 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 | $17,408 | 9.7 years |
| 8 kW | $2.59 | $14,508 | $23,496 | 9.5 years |
| 10 kW | $2.54 | $17,780 | $29,725 | 9.4 years |
| 12 kW | $2.49 | $20,909 | $36,097 | 9.2 years |
| 14 kW | $2.44 | $23,896 | $42,611 | 9.0 years |
| 16 kW | $2.39 | $26,741 | $49,267 | 8.8 years |
| 18 kW | $2.34 | $29,444 | $56,065 | 8.6 years |
| 20 kW | $2.29 | $32,004 | $63,006 | 8.4 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Solar Panel Brands: The type of solar panel you need plays a part in which installer you should opt for, since different companies have access to different panels.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
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 Crossett, AR Solar Cost FAQs
How much does it cost to install solar panels in Crossett?
The average cost of solar panels in Crossett 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 such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Crossett, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although 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 opt to replace them after having them for that long or you can keep using 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.
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.