Solar Panel Cost Guide in Farmington, AR (Nov 2022)

  • Farmington Solar Installation Cost: $15,273
  • 25-Year Savings: $20,230
  • Payback Period: 10.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Farmington

We break down average solar pricing in Farmington.

The average cost of a solar system in Farmington is $3 per watt. To account for the typical energy needs of the average home in Farmington, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,273, or $11,302 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of going solar can vary based on several factors, such as what size system you need, your energy usage and what company you go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $16,000 over 20 years on utility bills.

To get a free estimate from a top solar installer in Farmington, you can click the button below.

Solar savings over time in Farmington

Year Return on Investment
1 years $-13,853
3 years $-11,013
5 years $-8,172
7 years $-5,332
9 years $-2,492
11 years $348
13 years $3,189
15 years $6,029
17 years $8,869
19 years $11,709
21 years $14,549
23 years $17,390
25 years $20,230

Top Solar Installers in Farmington

Many homeowners opt for a solar installer since installing solar panels on your own can be time-consuming. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company too, which can save you more money after your upfront investment.

Working with a professional solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Farmington

Factors that Affect Solar Panel Costs in Farmington

For many Farmington homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Farmington, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over 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 power your household uses, the larger your system will likely need to be. You can expect to spend around $2,540 per kilowatt in Farmington. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Farmington average.

Solar Financing Terms

Many homeowners find the average cost of solar in Farmington to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. However, the interest on solar loans also adds to your total costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panel system can affect the cost. Farmington's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 $13,713 11.2 years
8 kW $2.59 $14,508 $18,569 11.0 years
10 kW $2.54 $17,780 $23,567 10.8 years
12 kW $2.49 $20,909 $28,707 10.5 years
14 kW $2.44 $23,896 $33,989 10.3 years
16 kW $2.39 $26,741 $39,414 10.1 years
18 kW $2.34 $29,444 $44,981 9.9 years
20 kW $2.29 $32,004 $50,690 9.7 years

How to Save on Solar Panels

There are numerous companies available in Farmington, 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:

  • Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
  • Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
  • Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Farmington, AR Solar Cost FAQs

What is the average cost of installing solar panels in Farmington?

The average cost of solar panels in Farmington is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on things 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 thing to think about when buying solar panels?

The upfront cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.

How will installing solar panels impact how much my home is worth?

Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go 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."

How long do solar panels last in Farmington?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.

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