Solar Panel Cost Guide in Marion, AR (2023 Update)
- Marion Solar Installation Cost: $15,036
- 25-Year Savings: $17,810
- Payback Period: 11.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Marion
We go over average solar pricing in Marion.
The average cost of a solar system in Marion is 2.54 per watt. Because a 8.5-kW system is needed to cover the energy consumption of a typical home in Marion, the average price of going solar will be about $15,042 after claiming the federal solar tax credit of 30%.
These figures are just averages, and your own solar costs will most likely look different based on your energy needs and what company you go with. For many homeowners, the upfront cost of solar power is worth paying. On average Marion homeowners see about $15,000 in savings on energy bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Marion, you can click the button below.
Solar savings over time in Marion
| Year | Return on Investment |
|---|---|
| 1 years | $-14,927 |
| 3 years | $-14,708 |
| 5 years | $-14,489 |
| 7 years | $-14,270 |
| 9 years | $-14,051 |
| 11 years | $-13,832 |
| 13 years | $-13,613 |
| 15 years | $-13,394 |
| 17 years | $-13,175 |
| 19 years | $-12,956 |
| 21 years | $-12,737 |
| 23 years | $-12,518 |
| 25 years | $-12,299 |
Top Solar Installers in Marion
Installing solar panels yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Marion
Factors that Affect Solar Panel Costs in Marion
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Marion: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Marion, 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 usage, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,540 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Marion, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your all-in costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Marion, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $12,209 | 11.9 years |
| 8 kW | $2.59 | $14,508 | $16,563 | 11.7 years |
| 10 kW | $2.54 | $17,780 | $21,060 | 11.4 years |
| 12 kW | $2.49 | $20,909 | $25,699 | 11.2 years |
| 14 kW | $2.44 | $23,896 | $30,480 | 11.0 years |
| 16 kW | $2.39 | $26,741 | $35,403 | 10.8 years |
| 18 kW | $2.34 | $29,444 | $40,468 | 10.5 years |
| 20 kW | $2.29 | $32,004 | $45,676 | 10.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Read the contract terms closely to make sure you understand the overall cost, project completion timeline incentives and warranties.
- 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: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
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 Marion, AR Solar Cost FAQs
How much does it cost to install solar panels in Marion?
The average cost of solar panels in Marion 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 model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs 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.