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Top Solar Installers in El Dorado
Although it's possible to install solar panels on your own, it involves extra effort and knowledge. That's why most people choose to hire a solar panel installer. The expertise that solar companies offer can be helpful as well, especially if you aren't sure what brand of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our suggestions for providers nearby:
See all of the solar companies in El Dorado
Factors that Affect Solar Panel Costs in El Dorado
For many El Dorado homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in El Dorado, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment Size
When it comes to estimating the cost of solar panels in El Dorado, 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 consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,540 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in El Dorado to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence how much it costs. El Dorado's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount 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||$2.64||$11,095||$18,895||9.2 years|
|8 kW||$2.59||$14,508||$25,478||9.1 years|
|10 kW||$2.54||$17,780||$32,204||8.9 years|
|12 kW||$2.49||$20,909||$39,071||8.7 years|
|14 kW||$2.44||$23,896||$46,081||8.5 years|
|16 kW||$2.39||$26,741||$53,233||8.4 years|
|18 kW||$2.34||$29,444||$60,527||8.2 years|
|20 kW||$2.29||$32,004||$67,963||8.0 years|
Solar Incentives in El Dorado
How to Save on Solar Panels
There are a large number of companies available in El Dorado, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: If you're concerned about the longevity of your solar panel system, checking your company offers a 25-year, all-inclusive warranty can help put you at ease.
- 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 significant role in the company you choose.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
EcoWatch's El Dorado, AR Solar Cost FAQs
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.