Solar Panel Cost Guide in Greenbrier, AR (Mar 2023)
- Greenbrier Solar Installation Cost: $15,077
- 25-Year Savings: $22,884
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Greenbrier
Find out how much it might cost to go solar in Greenbrier.
The average cost of a solar panel system in Greenbrier is 2.54 per watt. The average Greenbrier homeowner needs a 8.5-kilowatt system, which would cost about $15,077 with the federal tax credit, or $21,560 before the 30% tax credit is applied.
How much you pay can be above or below the average in Greenbrier depending on a few factors, such as the model of solar panels you choose and the solar company you hire. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Greenbrier can save around $17,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Greenbrier
| Year | Return on Investment |
|---|---|
| 1 years | $-13,559 |
| 3 years | $-10,522 |
| 5 years | $-7,485 |
| 7 years | $-4,448 |
| 9 years | $-1,411 |
| 11 years | $1,626 |
| 13 years | $4,663 |
| 15 years | $7,699 |
| 17 years | $10,736 |
| 19 years | $13,773 |
| 21 years | $16,810 |
| 23 years | $19,847 |
| 25 years | $22,884 |
Top Solar Installers in Greenbrier
Although it's possible to install solar panels by yourself, it involves extra labor and knowledge. That's why most homeowners choose to hire a solar panel installer. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Greenbrier
Factors that Affect Solar Panel Costs in Greenbrier
Although the average cost of a solar system in Greenbrier is $15,077, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,540 per kilowatt in Greenbrier. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Greenbrier, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Greenbrier homeowners opt to finance their solar panel systems to make going solar more affordable. It's a good idea to factor 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 back the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can affect the cost. Greenbrier's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk 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 | $15,779 | 10.3 years |
| 8 kW | $2.59 | $14,508 | $21,323 | 10.1 years |
| 10 kW | $2.54 | $17,780 | $27,010 | 9.9 years |
| 12 kW | $2.49 | $20,909 | $32,839 | 9.7 years |
| 14 kW | $2.44 | $23,896 | $38,810 | 9.5 years |
| 16 kW | $2.39 | $26,741 | $44,923 | 9.3 years |
| 18 kW | $2.34 | $29,444 | $51,178 | 9.1 years |
| 20 kW | $2.29 | $32,004 | $57,576 | 8.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project completion timeline.
- Warranty: If you care about the longevity of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Greenbrier, AR Solar Cost FAQs
What is the average cost of installing solar panels in Greenbrier?
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. It will cost more if you want additional 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 efficient solar panels.
Is it better to lease or buy solar panels in Greenbrier?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.