Solar Panel Cost Guide in Gravette, AR (2023 Update)
- Gravette Solar Installation Cost: $15,237
- 25-Year Savings: $21,513
- Payback Period: 10.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gravette
Let's have a look at the average cost of solar in Gravette.
The national average cost of solar panels is $2.66 per watt, but in Gravette it's 2.54 per watt. The average solar panel system size in Gravette is around 8.6 kilowatts, meaning a cost of about $15,237 for a solar installation, or $21,789 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what company you go with. With average savings of about $16,000 on energy bills over 20 years, many homeowners in Gravette find installing solar panels has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Gravette
| Year | Return on Investment |
|---|---|
| 1 years | $-13,767 |
| 3 years | $-10,827 |
| 5 years | $-7,887 |
| 7 years | $-4,947 |
| 9 years | $-2,007 |
| 11 years | $933 |
| 13 years | $3,873 |
| 15 years | $6,813 |
| 17 years | $9,753 |
| 19 years | $12,693 |
| 21 years | $15,633 |
| 23 years | $18,573 |
| 25 years | $21,513 |
Top Solar Installers in Gravette
Many homeowners opt for a solar installation company since figuring out how to install solar panels yourself can be challenging. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for your home.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Gravette
Factors that Affect Solar Panel Costs in Gravette
There are several factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,540. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Gravette to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. However, the interest on solar loans also adds to your total costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies operating in Gravette, and each can charge different amounts for labor and equipment. Additionally, some companies in Gravette have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $14,634 | 10.8 years |
| 8 kW | $2.59 | $14,508 | $19,796 | 10.6 years |
| 10 kW | $2.54 | $17,780 | $25,100 | 10.4 years |
| 12 kW | $2.49 | $20,909 | $30,547 | 10.2 years |
| 14 kW | $2.44 | $23,896 | $36,136 | 10.0 years |
| 16 kW | $2.39 | $26,741 | $41,867 | 9.7 years |
| 18 kW | $2.34 | $29,444 | $47,741 | 9.5 years |
| 20 kW | $2.29 | $32,004 | $53,757 | 9.3 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Reputation: Companies that have been in business 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.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Gravette, AR Solar Cost FAQs
What is the average cost of installing solar panels in Gravette?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Gravette?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Gravette?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.