Solar Panel Cost Guide in Jonesboro, AR (Mar 2023)
- Jonesboro Solar Installation Cost: $15,131
- 25-Year Savings: $17,620
- Payback Period: 11.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Jonesboro
Find out what the average cost of installing solar panels is in Jonesboro.
In Jonesboro, solar panels cost about 2.54 per watt on average. Since a 8.5-kW system is needed to cover the energy costs of a typical home in Jonesboro, the average price of going solar will be about $15,131 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary depending on a few factors, such as what size system you need, your energy consumption and what company you go with. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $15,000 in savings on utility bills over 20 years.
To get a free estimate from a highly rated solar company in Jonesboro, you can click the button below.
Solar savings over time in Jonesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-13,821 |
| 3 years | $-11,201 |
| 5 years | $-8,581 |
| 7 years | $-5,960 |
| 9 years | $-3,340 |
| 11 years | $-720 |
| 13 years | $1,900 |
| 15 years | $4,520 |
| 17 years | $7,140 |
| 19 years | $9,760 |
| 21 years | $12,380 |
| 23 years | $15,000 |
| 25 years | $17,620 |
Top Solar Installers in Jonesboro
When switching to solar energy, many homeowners choose to hire a solar company since DIY solar panel installation can be a challenging project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our recommendations for providers near you:
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 Jonesboro
Factors that Affect Solar Panel Costs in Jonesboro
There are many 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 does the installation.
Solar Equipment
When it comes to estimating the price of a solar system in Jonesboro, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,540 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Jonesboro to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Jonesboro, and each can charge varying amounts for labor and equipment. Companies that 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 come with an above-average cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for 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 | $2.64 | $11,095 | $11,990 | 12.0 years |
| 8 kW | $2.59 | $14,508 | $16,271 | 11.8 years |
| 10 kW | $2.54 | $17,780 | $20,694 | 11.6 years |
| 12 kW | $2.49 | $20,909 | $25,260 | 11.3 years |
| 14 kW | $2.44 | $23,896 | $29,968 | 11.1 years |
| 16 kW | $2.39 | $26,741 | $34,818 | 10.9 years |
| 18 kW | $2.34 | $29,444 | $39,810 | 10.6 years |
| 20 kW | $2.29 | $32,004 | $44,944 | 10.4 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
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 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 stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Jonesboro?
A solar panel system isn'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 you can take advantage of.
How will having solar panels impact my property value?
Solar panels can increase your home 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% with a solar installation."
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.