Solar Panel Cost Guide in Mena, AR (2025 Update)
- Mena Solar Installation Cost: $20,945
- 25-Year Savings: $23,391
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Mena
Find out what the average cost of solar panels are in Mena.
Although the national average of solar panels is $2.66 per watt, solar panels in Mena generally cost about 3.The average solar panel system size in Mena is around 8.6 kilowatts, meaning a cost of about $20,945 for a solar installation, or $29,951 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will differ based on factors unique to your home and what company you want to go with.Despite the large upfront cost, the average Mena homeowner can save around $17,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar installer in Mena for a quote for your home.
Solar savings over time in Mena
| Year | Return on Investment |
|---|---|
| 1 years | $-19,489 |
| 3 years | $-16,577 |
| 5 years | $-13,665 |
| 7 years | $-10,752 |
| 9 years | $-7,840 |
| 11 years | $-4,928 |
| 13 years | $-2,016 |
| 15 years | $896 |
| 17 years | $3,808 |
| 19 years | $6,720 |
| 21 years | $9,632 |
| 23 years | $12,544 |
| 25 years | $15,457 |
Top Solar Installers in Mena
Putting up solar panels on your own can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance in the long run.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Mena
Factors that Affect Solar Panel Costs in Mena
For many Mena homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Mena, 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
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,490 per kilowatt in Mena.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Mena average.
Solar Financing Terms
Many homeowners find the average cost of solar in Mena to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time because of interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Mena, 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 because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $11,793 | 14.1 years |
| 8 kW | $3.56 | $19,935 | $16,115 | 13.8 years |
| 10 kW | $3.49 | $24,430 | $20,633 | 13.6 years |
| 12 kW | $3.42 | $28,730 | $25,346 | 13.3 years |
| 14 kW | $3.35 | $32,834 | $30,254 | 13.0 years |
| 16 kW | $3.28 | $36,743 | $35,358 | 12.7 years |
| 18 kW | $3.21 | $40,456 | $40,657 | 12.5 years |
| 20 kW | $3.14 | $43,974 | $46,151 | 12.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- 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 substantial role in the company you hire.
EcoWatch's Mena, AR Solar Cost FAQs
How much does it cost to install solar panels in Mena?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Mena, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger level 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.