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Top Solar Installers in Greenwood
Although you can install solar panels by yourself, it requires extra effort and knowledge. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your home.
If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers in Greenwood:
See all of the solar companies in Greenwood
Factors that Affect Solar Panel Costs in Greenwood
For many Greenwood homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Greenwood, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
The size of the solar system you need for your home is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,540. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Greenwood average.
Solar Financing Terms
Many homeowners find the average cost of solar in Greenwood to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time because of interest. Though solar loans make going solar more accessible for Greenwood homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Greenwood, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices due to their larger 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||$13,762||11.2 years|
|8 kW||$2.59||$14,508||$18,634||10.9 years|
|10 kW||$2.54||$17,780||$23,648||10.7 years|
|12 kW||$2.49||$20,909||$28,804||10.5 years|
|14 kW||$2.44||$23,896||$34,103||10.3 years|
|16 kW||$2.39||$26,741||$39,544||10.1 years|
|18 kW||$2.34||$29,444||$45,127||9.9 years|
|20 kW||$2.29||$32,004||$50,852||9.7 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 pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Although reading through a contract can take a lot of time, 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.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
EcoWatch's Greenwood, AR Solar Cost FAQs
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.