Solar Panel Cost Guide in McGehee, AR (2025 Update)
- McGehee Solar Installation Cost: $20,028
- 25-Year Savings: $23,849
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in McGehee
Find out what the average cost of installing solar panels is in McGehee.
The average cost of solar panels in McGehee is 3 per watt.The average McGehee homeowner needs a 8.2-kilowatt system, which would cost about $20,028 with the federal tax credit, or $28,640 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average McGehee homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $18,000 on power bills over 20 years, many homeowners in McGehee find installing solar panels has a decent ROI.
You can click the button below to get connected with a top solar installer in McGehee for a quote for your home.
Solar savings over time in McGehee
| Year | Return on Investment |
|---|---|
| 1 years | $-18,571 |
| 3 years | $-15,659 |
| 5 years | $-12,747 |
| 7 years | $-9,835 |
| 9 years | $-6,923 |
| 11 years | $-4,011 |
| 13 years | $-1,099 |
| 15 years | $1,813 |
| 17 years | $4,725 |
| 19 years | $7,638 |
| 21 years | $10,550 |
| 23 years | $13,462 |
| 25 years | $16,374 |
Top Solar Installers in McGehee
Many homeowners choose to use a solar panel company since installing solar panels on your own can be a lot of work. Another great thing about choosing a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in McGehee
Factors that Affect Solar Panel Costs in McGehee
There are many criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in McGehee to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in McGehee, 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 find a company that offers the products, warranties and services you’re looking for 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 | $12,879 | 13.6 years |
| 8 kW | $3.56 | $19,935 | $17,562 | 13.3 years |
| 10 kW | $3.49 | $24,430 | $22,441 | 13.0 years |
| 12 kW | $3.42 | $28,730 | $27,516 | 12.8 years |
| 14 kW | $3.35 | $32,834 | $32,786 | 12.5 years |
| 16 kW | $3.28 | $36,743 | $38,252 | 12.2 years |
| 18 kW | $3.21 | $40,456 | $43,913 | 12.0 years |
| 20 kW | $3.14 | $43,974 | $49,769 | 11.7 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining 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 several important things you should take into account, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
EcoWatch's McGehee, AR Solar Cost FAQs
How much does it cost to install solar panels in McGehee?
The average cost of solar panels in McGehee 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 things like the kind 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 McGehee?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $937.43 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.