Solar Panel Cost Guide in Fordyce, AR (2024 Update)
- Fordyce Solar Installation Cost: $20,226
- 25-Year Savings: $26,169
- Payback Period: 12.4 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Fordyce
We break down average solar pricing in Fordyce.
While the national average of solar panels is $2.66 per watt, solar panels in Fordyce typically cost about 3.Because a 8.3-kW system is needed to cover the energy usage of a typical home in Fordyce, the average price of going solar will be about $20,226 after claiming the federal solar tax credit of 0.
The true cost of your system can go higher or lower than the average in Fordyce based on several factors, such as the brand of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar panel company in Fordyce for a customized quote.
Solar savings over time in Fordyce
Year | Return on Investment |
---|---|
1 years | $-18,770 |
3 years | $-15,858 |
5 years | $-12,946 |
7 years | $-10,034 |
9 years | $-7,122 |
11 years | $-4,209 |
13 years | $-1,297 |
15 years | $1,615 |
17 years | $4,527 |
19 years | $7,439 |
21 years | $10,351 |
23 years | $13,263 |
25 years | $16,175 |
Top Solar Installers in Fordyce
When going solar, many homeowners opt to hire a solar installation company since handling can be a time-consuming project. Solar warranties and repairs are usually included in the cost of installation when you go with a solar company too, which can save you more money after your initial investment.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our recommendations for providers in Fordyce:
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 Fordyce
Factors that Affect Solar Panel Costs in Fordyce
There are several criteria that can influence 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
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,490 per kilowatt in Fordyce.There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Fordyce have solar loans, which reduce the initial cost of installing solar.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
The solar panel installation company you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and bulk 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 promotion 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 | $3.63 | $15,244 | $14,388 | 12.9 years |
8 kW | $3.56 | $19,935 | $19,575 | 12.6 years |
10 kW | $3.49 | $24,430 | $24,958 | 12.4 years |
12 kW | $3.42 | $28,730 | $30,535 | 12.1 years |
14 kW | $3.35 | $32,834 | $36,309 | 11.9 years |
16 kW | $3.28 | $36,743 | $42,277 | 11.6 years |
18 kW | $3.21 | $40,456 | $48,442 | 11.4 years |
20 kW | $3.14 | $43,974 | $54,801 | 11.1 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which installer you should choose, since different companies provide different panels.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
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 Fordyce, AR Solar Cost FAQs
How much does it cost to install solar panels in Fordyce?
The average cost of solar panels in Fordyce is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
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 areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels completely eradicate my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Fordyce, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.