Solar Panel Cost Guide in Lowell, AR (2025 Update)
- Lowell Solar Installation Cost: $20,937
- 25-Year Savings: $19,777
- Payback Period: 14.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lowell
We go over average solar pricing in Lowell.
While the national average of solar panels is $2.66 per watt, solar panels in Lowell typically cost about 3.To cover the typical energy needs of the average home in Lowell, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $20,937, or $29,940 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what company you go with.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $16,000 in savings on electricity bills over 20 years.
To get a free estimate from a vetted solar installation company in Lowell, you can click the button below.
Solar savings over time in Lowell
| Year | Return on Investment |
|---|---|
| 1 years | $-19,589 |
| 3 years | $-16,892 |
| 5 years | $-14,195 |
| 7 years | $-11,498 |
| 9 years | $-8,801 |
| 11 years | $-6,104 |
| 13 years | $-3,407 |
| 15 years | $-710 |
| 17 years | $1,987 |
| 19 years | $4,684 |
| 21 years | $7,381 |
| 23 years | $10,078 |
| 25 years | $12,775 |
Top Solar Installers in Lowell
Trying to install solar panels yourself can be a challenging undertaking, which is why getting a solar installation company is a good option for many homeowners. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for you.
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 nearby:
See all of the solar companies in Lowell
Factors that Affect Solar Panel Costs in Lowell
For many Lowell homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Lowell, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,490.The type of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on 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’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Lowell to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies in Lowell, and each can charge varying amounts for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — 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 choose a company that has the products, warranties and services you want and also fit into 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 | $9,269 | 15.5 years |
| 8 kW | $3.56 | $19,935 | $12,750 | 15.2 years |
| 10 kW | $3.49 | $24,430 | $16,426 | 14.9 years |
| 12 kW | $3.42 | $28,730 | $20,297 | 14.6 years |
| 14 kW | $3.35 | $32,834 | $24,364 | 14.4 years |
| 16 kW | $3.28 | $36,743 | $28,627 | 14.1 years |
| 18 kW | $3.21 | $40,456 | $33,085 | 13.8 years |
| 20 kW | $3.14 | $43,974 | $37,738 | 13.5 years |
How to Save on Solar Panels
There are a lot of companies available in Lowell, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar company. See to it that you understand how the installation process works and the completion timeline.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
EcoWatch's Lowell, AR Solar Cost FAQs
What is the average cost of installing solar panels in Lowell?
The average cost of solar panels in Lowell is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model 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 Lowell?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback 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.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $817.12 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.