Solar Panel Cost Guide in Jonesboro, AR (Jul 2022)

  • Jonesboro Solar Installation Cost: $15,995
  • 25-Year Savings: $16,756
  • Payback Period: 12.2 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in Jonesboro

Find out what the average cost of solar panel installation is in Jonesboro.

The average cost of solar panels in Jonesboro is $3 per watt. Using this figure, a typical 8.5 would cost about $15,995 before the federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what solar installer you go with. Many homeowners find installing solar panels is a sound investment. The average homeowner in Jonesboro can save about $15,000 on their energy bills over 20 years.

To calculate your potential ROI and connect with a local solar expert, click the button below.

Solar savings over time in Jonesboro

Year Return on Investment
1 years $-14,685
3 years $-12,065
5 years $-9,445
7 years $-6,825
9 years $-4,205
11 years $-1,585
13 years $1,035
15 years $3,655
17 years $6,275
19 years $8,896
21 years $11,516
23 years $14,136
25 years $16,756

Top Solar Installers in Jonesboro

Although it's possible to install solar panels on your own, it requires extra labor and knowledge. For that reason, almost all homeowners choose a solar panel installer. Some solar companies, particularly local ones, can help you make the most of incentives in Jonesboro, optimizing your ROI.

If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our suggestions for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Jonesboro

Factors that Affect Solar Panel Costs in Jonesboro

For many Jonesboro homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Jonesboro, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment Size

The size of the solar energy system you need for your household is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,540. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to more 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 energy bills over many years, but they can also be a big investment. That's why many Jonesboro homeowners choose to finance their solar panel systems to make going solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar installer you select will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.

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 $11,729 $11,356 12.7 years
8 kW $2.59 $15,338 $15,442 12.5 years
10 kW $2.54 $18,796 $19,678 12.2 years
12 kW $2.49 $22,104 $24,065 12.0 years
14 kW $2.44 $25,262 $28,602 11.7 years
16 kW $2.39 $28,269 $33,289 11.5 years
18 kW $2.34 $31,126 $38,127 11.2 years
20 kW $2.29 $33,833 $43,116 11.0 years

Solar Incentives in Jonesboro

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

How to Save on Solar Panels

Since the kind of solar panels and the installer you choose greatly impact your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
  • Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
  • Warranty: If youcare about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Jonesboro, AR Solar Cost FAQs

How much does it cost to install solar panels in Jonesboro?

The average cost of solar panels in Jonesboro 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 like the type of solar panels you want, what size system you need and how much energy you consume.

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 feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Do solar panels increase your property value?

Solar panels can increase your property's value significantly 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% with a solar installation."

How long do solar panels last in Jonesboro?

Even though 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 their energy production will have decreased significantly after that point. You can choose to 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.

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