Solar Panel Cost Guide in Johnson, AR (2023 Update)
- Johnson Solar Installation Cost: $15,267
- 25-Year Savings: $20,739
- Payback Period: 10.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Johnson
Let's have a look at the average cost of solar panels in Johnson.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Johnson, the average cost of a solar system is 2.54 per watt. Because a 8.6-kW system is needed to cover the energy needs of a typical home in Johnson, the average price of going solar will be about $15,273 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Johnson homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $16,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a personalized quote.
Solar savings over time in Johnson
| Year | Return on Investment |
|---|---|
| 1 years | $-13,818 |
| 3 years | $-10,921 |
| 5 years | $-8,024 |
| 7 years | $-5,127 |
| 9 years | $-2,230 |
| 11 years | $667 |
| 13 years | $3,564 |
| 15 years | $6,461 |
| 17 years | $9,358 |
| 19 years | $12,255 |
| 21 years | $15,152 |
| 23 years | $18,049 |
| 25 years | $20,946 |
Top Solar Installers in Johnson
Although you can install solar panels by yourself, it involves extra effort and expertise. That's why almost all homeowners choose to go with a solar panel installer. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Johnson
Factors that Affect Solar Panel Costs in Johnson
There are several criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of a solar panel system in Johnson, 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 determine by looking at past power bills. Your total cost can increase by about $2,540 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Johnson, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 many years, but they can also be a big investment. That's why many Johnson homeowners opt to finance their solar panel systems to make going solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Johnson, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices because of 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 major players.
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 | $14,065 | 11.0 years |
| 8 kW | $2.59 | $14,508 | $19,038 | 10.8 years |
| 10 kW | $2.54 | $17,780 | $24,153 | 10.6 years |
| 12 kW | $2.49 | $20,909 | $29,410 | 10.4 years |
| 14 kW | $2.44 | $23,896 | $34,810 | 10.2 years |
| 16 kW | $2.39 | $26,741 | $40,352 | 10.0 years |
| 18 kW | $2.34 | $29,444 | $46,036 | 9.8 years |
| 20 kW | $2.29 | $32,004 | $51,862 | 9.5 years |
How to Save on Solar Panels
There are numerous companies available in Johnson, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations 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 peruse their list of offerings before deciding.
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 Johnson, AR Solar Cost FAQs
How much does it cost to install solar panels in Johnson?
The average cost of solar panels in Johnson is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Johnson?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Johnson is currently $198,801, which means you can expect a value of about $8,151 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Johnson is a rewarding investment.
How long do solar panels last in Johnson?
On average, the lifespan of solar panels is 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 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.