Solar Panel Cost Guide in Crossett, AR (Mar 2023)
- Crossett Solar Installation Cost: $14,544
- 25-Year Savings: $24,306
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Crossett
We go over average solar pricing in Crossett.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Crossett, the typical cost of a solar system is 2.54 per watt. The average solar panel system size in Crossett is around 8.2 kilowatts, meaning a cost of about $14,544 for a solar installation, or $20,798 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what company you go with. Despite the large initial cost, the average Crossett homeowner can save about $18,000 on their energy bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a top solar company 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 | $-12,990 |
| 3 years | $-9,882 |
| 5 years | $-6,774 |
| 7 years | $-3,666 |
| 9 years | $-558 |
| 11 years | $2,550 |
| 13 years | $5,658 |
| 15 years | $8,766 |
| 17 years | $11,874 |
| 19 years | $14,982 |
| 21 years | $18,090 |
| 23 years | $21,198 |
| 25 years | $24,306 |
Top Solar Installers in Crossett
Trying to install solar panels yourself can be a challenging task, which is why getting a solar installer is a good option for many homeowners. Another perk of using a solar company is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
Working with a professional solar installer 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
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 Crossett
Factors that Affect Solar Panel Costs in Crossett
The cost of installing a solar system in Crossett can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Crossett, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $2,540 for each additional kilowatt you need. 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, 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 because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Crossett have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $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 opt for will affect 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 take into account, including:
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Look through the contract terms closely to make sure you understand the total cost, completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
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 Crossett, AR Solar Cost FAQs
What is the average cost of installing solar panels in Crossett?
This is a difficult question to answer exactly, because the cost depends on a few different 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Crossett?
Solar panels aren't free in Crossett, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.