Solar Panel Cost Guide in Fayetteville, AR (2024 Update)
- Fayetteville Solar Installation Cost: $20,977
- 25-Year Savings: $19,769
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Fayetteville
Find out what the average cost of solar panel installation is in Fayetteville.
In Fayetteville, solar panels cost about 3 per watt on average.The average solar panel system size in Fayetteville is around 8.6 kilowatts, meaning a cost of about $20,977 for a solar installation, or $29,997 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs will most likely look different based on factors unique to your home and what company you want to go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $16,000 over 20 years on electricity bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Fayetteville
| Year | Return on Investment |
|---|---|
| 1 years | $-19,629 |
| 3 years | $-16,932 |
| 5 years | $-14,235 |
| 7 years | $-11,537 |
| 9 years | $-8,840 |
| 11 years | $-6,143 |
| 13 years | $-3,446 |
| 15 years | $-749 |
| 17 years | $1,948 |
| 19 years | $4,645 |
| 21 years | $7,342 |
| 23 years | $10,039 |
| 25 years | $12,736 |
Top Solar Installers in Fayetteville
When going solar, many homeowners choose to use a solar installation company since DIY solar panel installation can be a difficult project. Another perk of using a solar company is that they can help you optimize your return of investment by lowering your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you're looking for a solar installer in Fayetteville, we've organized a list of our top suggestions here:
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 Fayetteville
Factors that Affect Solar Panel Costs in Fayetteville
There are many criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,490.The model of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions 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
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Fayetteville homeowners decide to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
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 panel system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that provide a range of services at different costs.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for 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 | $9,237 | 15.6 years |
| 8 kW | $3.56 | $19,935 | $12,707 | 15.3 years |
| 10 kW | $3.49 | $24,430 | $16,373 | 15.0 years |
| 12 kW | $3.42 | $28,730 | $20,234 | 14.7 years |
| 14 kW | $3.35 | $32,834 | $24,290 | 14.4 years |
| 16 kW | $3.28 | $36,743 | $28,542 | 14.1 years |
| 18 kW | $3.21 | $40,456 | $32,989 | 13.8 years |
| 20 kW | $3.14 | $43,974 | $37,632 | 13.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Fayetteville, AR Solar Cost FAQs
What is the average cost of installing solar panels in Fayetteville?
The average cost of solar panels in Fayetteville 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Fayetteville?
Solar panels aren’t free in Fayetteville, 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 can further reduce the cost.
Can you sell solar power back to the grid in Fayetteville?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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.