Solar Panel Cost Guide in Heber Springs, AR (Mar 2023)
- Heber Springs Solar Installation Cost: $15,166
- 25-Year Savings: $22,313
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Heber Springs
Let's have a look at the average cost of solar panels in Heber Springs.
While the national average of solar panels is $2.66 per watt, solar panels in Heber Springs generally cost about 2.54. The average Heber Springs homeowner needs a 8.5-kilowatt system, which would cost about $15,166 with the federal tax credit, or $21,687 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. But, once you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Heber Springs that can help you get a more accurate cost estimate for your home.
Solar savings over time in Heber Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-13,667 |
| 3 years | $-10,669 |
| 5 years | $-7,670 |
| 7 years | $-4,672 |
| 9 years | $-1,674 |
| 11 years | $1,325 |
| 13 years | $4,323 |
| 15 years | $7,322 |
| 17 years | $10,320 |
| 19 years | $13,318 |
| 21 years | $16,317 |
| 23 years | $19,315 |
| 25 years | $22,313 |
Top Solar Installers in Heber Springs
Many homeowners decide to hire a solar installer since trying to put up solar panels by yourself can be a lot of work. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you're searching for a solar installer in Heber Springs, the EcoWatch team has compiled a list of our top suggestions here:
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 Heber Springs
Factors that Affect Solar Panel Costs in Heber Springs
The cost of installing a solar system in Heber Springs can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Heber Springs, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by around $2,540 for each additional kilowatt you need. 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 can expect 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 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 Heber Springs homeowners opt to finance their solar panel systems to offset upfront costs. It's a good idea to factor 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 the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence how much you pay. Heber Springs' solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Heber Springs are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $15,268 | 10.5 years |
| 8 kW | $2.59 | $14,508 | $20,642 | 10.3 years |
| 10 kW | $2.54 | $17,780 | $26,158 | 10.1 years |
| 12 kW | $2.49 | $20,909 | $31,817 | 9.9 years |
| 14 kW | $2.44 | $23,896 | $37,617 | 9.7 years |
| 16 kW | $2.39 | $26,741 | $43,560 | 9.5 years |
| 18 kW | $2.34 | $29,444 | $49,645 | 9.3 years |
| 20 kW | $2.29 | $32,004 | $55,872 | 9.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
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 Heber Springs, AR Solar Cost FAQs
What is the average cost of installing solar panels in Heber Springs?
The average cost of solar panels in Heber Springs is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Heber Springs?
You can't get solar panels for free in Heber Springs. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for 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 solar panels."
How long do solar panels last in Heber Springs?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.