Solar Panel Cost Guide in North Little Rock, AR (Mar 2023)
- North Little Rock Solar Installation Cost: $14,917
- 25-Year Savings: $23,244
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in North Little Rock
We break down average solar pricing in North Little Rock.
In North Little Rock, solar panels cost about 2.54 per watt on average. Because a 8.4-kW system is needed to cover the energy needs of a typical home in North Little Rock, the average price of going solar will be about $14,917 after claiming the federal solar tax credit of 30%.
The true cost of your system can go above or below the average in North Little Rock based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on energy bills.
Click the button below to get connected to a top solar panel company in your area for a customized estimate.
Solar savings over time in North Little Rock
| Year | Return on Investment |
|---|---|
| 1 years | $-13,391 |
| 3 years | $-10,338 |
| 5 years | $-7,285 |
| 7 years | $-4,232 |
| 9 years | $-1,179 |
| 11 years | $1,873 |
| 13 years | $4,926 |
| 15 years | $7,979 |
| 17 years | $11,032 |
| 19 years | $14,085 |
| 21 years | $17,138 |
| 23 years | $20,191 |
| 25 years | $23,244 |
Top Solar Installers in North Little Rock
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring an installer can make converting to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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
Best Warranty Coverage
Sunpro Solar
- 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
The cost of installing a solar system in North Little Rock can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,540. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like North Little Rock, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in North Little Rock have solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your all-in costs, so it's vital to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in North Little Rock, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $16,205 | 10.2 years |
| 8 kW | $2.59 | $14,508 | $21,891 | 10.0 years |
| 10 kW | $2.54 | $17,780 | $27,720 | 9.8 years |
| 12 kW | $2.49 | $20,909 | $33,690 | 9.6 years |
| 14 kW | $2.44 | $23,896 | $39,803 | 9.4 years |
| 16 kW | $2.39 | $26,741 | $46,058 | 9.2 years |
| 18 kW | $2.34 | $29,444 | $52,456 | 9.0 years |
| 20 kW | $2.29 | $32,004 | $58,995 | 8.8 years |
How to Save on Solar Panels
There are a lot of companies to choose from in North Little Rock, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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
Best Warranty Coverage
Sunpro Solar
- 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 a variety of factors. Generally 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 other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 take a 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 get between 20 and 35 panels to account for 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.