Solar Panel Cost Guide in Gravette, AR (2023 Update)
- Gravette Solar Installation Cost: $15,238
- 25-Year Savings: $21,512
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Gravette
Find out how much it might cost to switch to solar power in Gravette.
Although the national average of solar panels is $2.66 per watt, solar panels in Gravette typically cost about 2.54. 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.
These figures are only averages, and the cost of going solar for you may differ based on your specific situation and what company you go with. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Gravette see about $16,000 in savings on energy bills over 20 years.
To get a free quote from a vetted solar company in Gravette, you can click the button below.
Solar savings over time in Gravette
| Year | Return on Investment |
|---|---|
| 1 years | $-13,740 |
| 3 years | $-10,743 |
| 5 years | $-7,745 |
| 7 years | $-4,748 |
| 9 years | $-1,751 |
| 11 years | $1,246 |
| 13 years | $4,243 |
| 15 years | $7,240 |
| 17 years | $10,237 |
| 19 years | $13,234 |
| 21 years | $16,231 |
| 23 years | $19,228 |
| 25 years | $22,225 |
Top Solar Installers in Gravette
Installing solar panels on your own can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be helpful as well, especially if you don't quite know what kind of solar equipment you need.
There are a number of licensed solar professionals that can help you install your solar panels. 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
See all of the solar companies in Gravette
Factors that Affect Solar Panel Costs in Gravette
There are many factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant 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 choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Gravette have solar loans, which reduce your upfront costs of installing solar panels. Though solar loans make going solar more accessible for Gravette homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Gravette, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. The company's size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have 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 lower to compete with bigger 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 | $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
Since the type of solar panels and the company you choose greatly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Not all solar companies 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.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
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 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.