Solar Panel Cost Guide in Harrison, AR (Mar 2023)
- Harrison Solar Installation Cost: $15,273
- 25-Year Savings: $21,664
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Harrison
Let's have a look at the average cost of solar in Harrison.
While the national average of solar panels is $2.66 per watt, solar panels in Harrison generally cost about 2.54. The average solar panel system size in Harrison is around 8.6 kilowatts, meaning a cost of about $15,273 for a solar installation, or $21,840 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of equipment you choose, your solar contractor and more. Despite the significant initial cost, the average Harrison homeowner can save about $16,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To receive a free estimate from a pre-vetted solar company in Harrison, you can click the button below.
Solar savings over time in Harrison
| Year | Return on Investment |
|---|---|
| 1 years | $-13,796 |
| 3 years | $-10,841 |
| 5 years | $-7,886 |
| 7 years | $-4,931 |
| 9 years | $-1,976 |
| 11 years | $979 |
| 13 years | $3,934 |
| 15 years | $6,889 |
| 17 years | $9,844 |
| 19 years | $12,799 |
| 21 years | $15,754 |
| 23 years | $18,709 |
| 25 years | $21,664 |
Top Solar Installers in Harrison
When making the switch to solar, many homeowners choose to go with a solar installation company since handling can be a difficult project. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
Working with a professional 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 Harrison
Factors that Affect Solar Panel Costs in Harrison
There are many factors that can play into 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 panels.
Solar Equipment
When it comes to estimating the price of a solar system in Harrison, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,540 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Harrison have solar loans, which reduce your upfront costs of installing solar panels. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Harrison, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better 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 down to compete with bigger names.
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 | $14,711 | 10.7 years |
| 8 kW | $2.59 | $14,508 | $19,899 | 10.5 years |
| 10 kW | $2.54 | $17,780 | $25,229 | 10.3 years |
| 12 kW | $2.49 | $20,909 | $30,702 | 10.1 years |
| 14 kW | $2.44 | $23,896 | $36,317 | 9.9 years |
| 16 kW | $2.39 | $26,741 | $42,074 | 9.7 years |
| 18 kW | $2.34 | $29,444 | $47,973 | 9.5 years |
| 20 kW | $2.29 | $32,004 | $54,015 | 9.3 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of 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 positive reviews from past customers.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- 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 system is installed, such as repairing your electrical system or roof.
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 Harrison, AR Solar Cost FAQs
How much does it cost to install solar panels in Harrison?
This is a difficult question to answer exactly, because the cost depends on many 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.