Solar Panel Cost Guide in Jacksonville, AR (2024 Update)
- Jacksonville Solar Installation Cost: $20,489
- 25-Year Savings: $22,944
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Jacksonville
Let’s have a look at the average cost of solar in Jacksonville.
The national average cost of solar panels is $2.66 per watt, but in Jacksonville it’s 3 per watt.The average solar panel system size in Jacksonville is around 8.4 kilowatts, meaning a cost of about $20,489 for a solar installation, or $29,299 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what solar installer you go with.With average savings of about $17,000 on power bills over 20 years, many homeowners in Jacksonville find installing solar panels has a decent ROI.
You can click the button below to get connected with a vetted solar company in Jacksonville for a quote for your home.
Solar savings over time in Jacksonville
| Year | Return on Investment |
|---|---|
| 1 years | $-19,033 |
| 3 years | $-16,121 |
| 5 years | $-13,209 |
| 7 years | $-10,297 |
| 9 years | $-7,385 |
| 11 years | $-4,473 |
| 13 years | $-1,561 |
| 15 years | $1,351 |
| 17 years | $4,264 |
| 19 years | $7,176 |
| 21 years | $10,088 |
| 23 years | $13,000 |
| 25 years | $15,912 |
Top Solar Installers in Jacksonville
Many homeowners choose to hire a solar installation company since trying to install solar panels on your own can be time-consuming. Another perk of going with a solar company is that they can help you make the most of your ROI by bringing down your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Jacksonville
Factors that Affect Solar Panel Costs in Jacksonville
The cost of installing a solar system in Jacksonville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $3,490 per kilowatt in Jacksonville.The model of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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 falls within your budget.
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 Jacksonville homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can impact the cost. Jacksonville’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.63 | $15,244 | $11,838 | 14.1 years |
| 8 kW | $3.56 | $19,935 | $16,174 | 13.8 years |
| 10 kW | $3.49 | $24,430 | $20,707 | 13.5 years |
| 12 kW | $3.42 | $28,730 | $25,434 | 13.3 years |
| 14 kW | $3.35 | $32,834 | $30,357 | 13.0 years |
| 16 kW | $3.28 | $36,743 | $35,476 | 12.7 years |
| 18 kW | $3.21 | $40,456 | $40,790 | 12.4 years |
| 20 kW | $3.14 | $43,974 | $46,299 | 12.2 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 models 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 read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
- Warranty: If you’re concerned about the durability of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Jacksonville, AR Solar Cost FAQs
What is the average cost of installing solar panels in Jacksonville?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, 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 Jacksonville?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 financial benefits from going solar.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value significantly 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% with a solar installation."
How long do solar panels last in Jacksonville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.