Solar Panel Cost Guide in Morrilton, AR (2024 Update)
- Morrilton Solar Installation Cost: $20,799
- 25-Year Savings: $22,342
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Morrilton
Let’s have a look at the average cost of solar in Morrilton.
The average cost of solar panels in Morrilton is 3 per watt.The average Morrilton homeowner needs a 8.5-kilowatt system, which would cost about $20,799 with the federal tax credit, or $29,743 before the 0 tax credit is applied.
How much you pay can be higher or lower than the average in Morrilton depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront cost of solar power is worth paying. On average Morrilton homeowners see about $17,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Morrilton
| Year | Return on Investment |
|---|---|
| 1 years | $-19,343 |
| 3 years | $-16,431 |
| 5 years | $-13,519 |
| 7 years | $-10,607 |
| 9 years | $-7,695 |
| 11 years | $-4,783 |
| 13 years | $-1,870 |
| 15 years | $1,042 |
| 17 years | $3,954 |
| 19 years | $6,866 |
| 21 years | $9,778 |
| 23 years | $12,690 |
| 25 years | $15,602 |
Top Solar Installers in Morrilton
When switching to solar energy, many homeowners decide to hire a solar installation company since installing a solar system yourself can be a time-consuming project. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over the lifespan of your panels.
If you're on the hunt for a solar installer in Morrilton, we've put together a list of our top suggestions here:
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 Morrilton
Factors that Affect Solar Panel Costs in Morrilton
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Morrilton: 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
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand and kind 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 more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Morrilton provide solar loans, which reduce your upfront costs of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Morrilton is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services at different costs.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 decide on the company that provides the products, warranties and services you want and also fits 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 | $3.63 | $15,244 | $11,169 | 14.4 years |
| 8 kW | $3.56 | $19,935 | $15,283 | 14.2 years |
| 10 kW | $3.49 | $24,430 | $19,592 | 13.9 years |
| 12 kW | $3.42 | $28,730 | $24,097 | 13.6 years |
| 14 kW | $3.35 | $32,834 | $28,797 | 13.3 years |
| 16 kW | $3.28 | $36,743 | $33,692 | 13.0 years |
| 18 kW | $3.21 | $40,456 | $38,784 | 12.8 years |
| 20 kW | $3.14 | $43,974 | $44,070 | 12.5 years |
How to Save on Solar Panels
There are a lot of companies available in Morrilton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Contract: Before signing a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
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 Morrilton, AR Solar Cost FAQs
How much does it cost to install solar panels in Morrilton?
The average cost of solar panels in Morrilton is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Morrilton?
You can’t get solar panels for free in Morrilton. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Morrilton?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.