Solar Panel Cost Guide in North Little Rock, AR (Aug 2022)

  • North Little Rock Solar Installation Cost: $15,770
  • 25-Year Savings: $22,391
  • Payback Period: 10.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in North Little Rock

Find out what the average cost of a solar system is in North Little Rock.

The national average cost of solar panels is $2.66 per watt, but in North Little Rock it's $3 per watt. The average North Little Rock homeowner needs an 8.4-kilowatt system, which would cost about $15,770, or $11,670 after the federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of North Little Rock homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on electricity bills.

To get a free quote from a vetted solar company in North Little Rock, you can click the button below.

Solar savings over time in North Little Rock

Year Return on Investment
1 years $-14,243
3 years $-11,191
5 years $-8,138
7 years $-5,085
9 years $-2,032
11 years $1,021
13 years $4,074
15 years $7,127
17 years $10,180
19 years $13,233
21 years $16,285
23 years $19,338
25 years $22,391

Top Solar Installers in North Little Rock

Trying to install solar panels by yourself can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Another advantage of utilizing a solar company is that they can help you optimize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.

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 in North Little Rock:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in North Little Rock

Factors that Affect Solar Panel Costs in North Little Rock

While the average cost of solar panels in North Little Rock is $15,770, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment Size

The size of the solar energy system you need for your household is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,540. 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 are often more expensive 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. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many North Little Rock homeowners opt to finance their solar panel systems to make paying for solar more affordable. Although solar loans make going solar more accessible for North Little Rock homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

Lastly, the company you choose to install your solar panel system can play a part in determining how much you pay. North Little Rock's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.

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 $11,729 $15,571 10.7 years
8 kW $2.59 $15,338 $21,062 10.5 years
10 kW $2.54 $18,796 $26,704 10.3 years
12 kW $2.49 $22,104 $32,496 10.1 years
14 kW $2.44 $25,262 $38,438 9.9 years
16 kW $2.39 $28,269 $44,530 9.7 years
18 kW $2.34 $31,126 $50,773 9.5 years
20 kW $2.29 $33,833 $57,167 9.3 years

Solar Incentives in North Little Rock

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:

  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
  • 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 substantial role in the company you opt for.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
  • Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's North Little Rock, AR Solar Cost FAQs

How much does it cost to install solar panels in North Little Rock?

This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.

Is cost the most important thing to think about when buying solar panels?

The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

How will having solar panels impact my home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in North Little Rock is currently $147,965, which means you can expect about a value of about $6,067 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in North Little Rock is a rewarding investment.

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 are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose 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.

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