Solar Panel Cost Guide in Crossett, AR (2024 Update)
- Crossett Solar Installation Cost: $19,979
- 25-Year Savings: $24,310
- Payback Period: 12.9 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Crossett
Let’s have a look at the average cost of solar in Crossett.
In Crossett, solar panels cost about 3 per watt on average.Using this figure, a typical 8.2-kW system would cost about $19,979 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary based on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.Even with the high initial cost, the average Crossett homeowner can save about $18,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar company in Crossett for a quote for your home.
Solar savings over time in Crossett
Year | Return on Investment |
---|---|
1 years | $-18,523 |
3 years | $-15,611 |
5 years | $-12,699 |
7 years | $-9,787 |
9 years | $-6,875 |
11 years | $-3,962 |
13 years | $-1,050 |
15 years | $1,862 |
17 years | $4,774 |
19 years | $7,686 |
21 years | $10,598 |
23 years | $13,510 |
25 years | $16,422 |
Top Solar Installers in Crossett
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with an installer can make converting to solar power much easier. Companies can also provide access to quality options of the best solar panels and help you decide which one will be right for you.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Crossett: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,490 per kilowatt in Crossett.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Crossett, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Crossett to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more 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 finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Crossett, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that offers the products, warranties and services you want and also fit into your budget.
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 | $13,259 | 13.4 years |
8 kW | $3.56 | $19,935 | $18,069 | 13.1 years |
10 kW | $3.49 | $24,430 | $23,075 | 12.9 years |
12 kW | $3.42 | $28,730 | $28,276 | 12.6 years |
14 kW | $3.35 | $32,834 | $33,673 | 12.3 years |
16 kW | $3.28 | $36,743 | $39,265 | 12.1 years |
18 kW | $3.21 | $40,456 | $45,053 | 11.8 years |
20 kW | $3.14 | $43,974 | $51,036 | 11.6 years |
How to Save on Solar Panels
There are many companies available in Crossett, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Crossett?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Crossett is currently $83,730, so you can look forward to a value of about $3,433 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Crossett is a worthwhile investment.
How often do you have to replace solar panels?
On average, solar panels can last 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 higher 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.