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

  • Fayetteville Solar Installation Cost: $15,273
  • 25-Year Savings: $19,763
  • Payback Period: 10.9 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Fayetteville

We go over average solar pricing in Fayetteville.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Fayetteville, the typical cost of solar panels is $3 per watt. Using this figure, a typical 8.6 would cost about $15,273 before the 30% federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Fayetteville homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $16,000 on utility bills over 20 years, many homeowners in Fayetteville find going solar can be quite rewarding.

To see your potential ROI and connect with a local solar expert, click the button below.

Solar savings over time in Fayetteville

Year Return on Investment
1 years $-13,872
3 years $-11,069
5 years $-8,266
7 years $-5,463
9 years $-2,660
11 years $143
13 years $2,946
15 years $5,749
17 years $8,551
19 years $11,354
21 years $14,157
23 years $16,960
25 years $19,763

Top Solar Installers in Fayetteville

Although you can install solar panels on your own, it requires extra labor and know-how. For that reason, the majority of homeowners choose a solar panel installer. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what brand of solar equipment you need.

If you're searching for a solar company in Fayetteville, we've compiled a list of our top suggestions here:

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 Fayetteville

Factors that Affect Solar Panel Costs in Fayetteville

Although the average cost of solar panels in Fayetteville is $15,273, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Fayetteville, 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 determine by looking at past electricity bills. Your overall cost can increase by about $2,540 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Many homeowners find the average cost of solar in Fayetteville to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to estimate the cost of solar for your home or business in Fayetteville is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for example, you'll have no shortage of solar installers that provide a range of services at different price points. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 $13,387 11.3 years
8 kW $2.59 $14,508 $18,134 11.1 years
10 kW $2.54 $17,780 $23,023 10.9 years
12 kW $2.49 $20,909 $28,054 10.7 years
14 kW $2.44 $23,896 $33,228 10.5 years
16 kW $2.39 $26,741 $38,544 10.2 years
18 kW $2.34 $29,444 $44,002 10.0 years
20 kW $2.29 $32,004 $49,602 9.8 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Contract: Look through the contract terms carefully to make sure you understand the overall cost, completion timeline incentives and warranties.
  • Reputation: Companies that have been operating for many years 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.
  • Warranty: If you're worried about the durability of your solar energy system, checking your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model 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 ask for their list of offerings before making your decision.

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 Fayetteville, AR Solar Cost FAQs

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

This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Are solar panels free in Fayetteville?

You can't get solar panels for free in Fayetteville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

How much can I save on electricity bills after installing solar panels?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Fayetteville, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.

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