Solar Panel Cost Guide in Jonesboro, AR (2024 Update)
- Jonesboro Solar Installation Cost: $20,796
- 25-Year Savings: $17,616
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Jonesboro
Let’s take a look at the average cost of solar in Jonesboro.
While the national average of solar panels is $2.66 per watt, solar panels in Jonesboro generally cost about 3.Because a 8.5-kW system is needed to cover the energy needs of a typical home in Jonesboro, the average price of going solar will be about $20,796 after claiming the federal solar tax credit of 0.
These figures are only estimates, and the cost of going solar for you will differ based on the amount of energy your home requires and what company you want to go with.Despite the large initial cost, the average Jonesboro homeowner can save about $15,000 on their energy bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Jonesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-19,340 |
| 3 years | $-16,428 |
| 5 years | $-13,516 |
| 7 years | $-10,604 |
| 9 years | $-7,692 |
| 11 years | $-4,779 |
| 13 years | $-1,867 |
| 15 years | $1,045 |
| 17 years | $3,957 |
| 19 years | $6,869 |
| 21 years | $9,781 |
| 23 years | $12,693 |
| 25 years | $15,605 |
Top Solar Installers in Jonesboro
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be time-consuming. Also, companies with a good reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Jonesboro
Factors that Affect Solar Panel Costs in Jonesboro
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Jonesboro: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment consists of more than 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 into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Jonesboro, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.Although solar loans make switching to solar energy more accessible for Jonesboro homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Jonesboro is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, 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 | $3.63 | $15,244 | $7,840 | 16.5 years |
| 8 kW | $3.56 | $19,935 | $10,844 | 16.2 years |
| 10 kW | $3.49 | $24,430 | $14,044 | 15.9 years |
| 12 kW | $3.42 | $28,730 | $17,439 | 15.6 years |
| 14 kW | $3.35 | $32,834 | $21,030 | 15.2 years |
| 16 kW | $3.28 | $36,743 | $24,816 | 14.9 years |
| 18 kW | $3.21 | $40,456 | $28,797 | 14.6 years |
| 20 kW | $3.14 | $43,974 | $32,974 | 14.3 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
EcoWatch's Jonesboro, AR Solar Cost FAQs
What is the average cost of installing solar panels in Jonesboro?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Jonesboro?
Solar panels aren’t free in Jonesboro, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Jonesboro have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Jonesboro?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.