Solar Panel Cost Guide in Gosnell, AR (2023 Update)
- Gosnell Solar Installation Cost: $15,202
- 25-Year Savings: $16,187
- Payback Period: 12.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Gosnell
Let's have a look at the average cost of solar in Gosnell.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gosnell, the average cost of solar panels is 2.54 per watt. The average solar panel system size in Gosnell is around 8.6 kilowatts, meaning a cost of about $15,202 for a solar installation, or $21,739 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Gosnell homeowner. 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. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Gosnell
| Year | Return on Investment |
|---|---|
| 1 years | $-13,946 |
| 3 years | $-11,435 |
| 5 years | $-8,924 |
| 7 years | $-6,413 |
| 9 years | $-3,902 |
| 11 years | $-1,391 |
| 13 years | $1,120 |
| 15 years | $3,631 |
| 17 years | $6,142 |
| 19 years | $8,654 |
| 21 years | $11,165 |
| 23 years | $13,676 |
| 25 years | $16,187 |
Top Solar Installers in Gosnell
Although you can install solar panels by yourself, it requires extra energy and handiness. That's why most people choose to hire a solar panel installer. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you're looking for a solar installer in Gosnell, the EcoWatch team has compiled a list of our top suggestions here:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Gosnell
Factors that Affect Solar Panel Costs in Gosnell
For many Gosnell homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Gosnell, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Gosnell, one of the most important 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 figure out by looking at past electricity bills. Your total cost can increase by around $2,540 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Gosnell offer solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also increases your total costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can affect your pricing. Gosnell's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $10,945 | 12.6 years |
| 8 kW | $2.59 | $14,508 | $14,877 | 12.3 years |
| 10 kW | $2.54 | $17,780 | $18,952 | 12.1 years |
| 12 kW | $2.49 | $20,909 | $23,169 | 11.9 years |
| 14 kW | $2.44 | $23,896 | $27,529 | 11.6 years |
| 16 kW | $2.39 | $26,741 | $32,030 | 11.4 years |
| 18 kW | $2.34 | $29,444 | $36,674 | 11.1 years |
| 20 kW | $2.29 | $32,004 | $41,460 | 10.9 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Gosnell, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Gosnell, AR Solar Cost FAQs
What is the average cost of installing solar panels in Gosnell?
This is a tough question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.