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

  • North Little Rock Solar Installation Cost: $14,917
  • 25-Year Savings: $23,244
  • Payback Period: 9.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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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 $3 per watt on average. To account for the typical energy needs of the average home in North Little Rock, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs around $14,917, or $11,039 after the federal solar tax credit of 30% is applied.

These figures are just estimates, and the cost of going solar for you will most likely look different based on factors unique to your home and what company you choose to go with. Despite the significant initial cost, the average North Little Rock homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the perks of solar.

Click the button below to get connected to a vetted solar installer in North Little Rock for a custom quote.

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

When making the switch to solar, many homeowners decide to hire a solar installer since putting up a solar system yourself can be a time-consuming project. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.

If you'd like to switch to solar energy but still aren't sure which solar system company to go with, here are our suggestions for providers 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

Tesla Energy

★★★★★
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

Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in North Little Rock: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

When it comes to estimating the price of solar panels in North Little Rock, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $2,540 for each additional kilowatt you need. The type of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in North Little Rock, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The solar company you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies operating throughout North Little Rock, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.

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

The solar installer you choose will impact not only your overall 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 consider, such as:

  • Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
  • Solar Panel Brands: Different companies carry various brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.

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

Tesla Energy

★★★★★
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

What is the average cost of installing solar panels in North Little Rock?

The average cost of solar panels in North Little Rock is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in North Little Rock?

Solar panels aren't free in North Little Rock, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Do solar panels increase your home value?

Buying or financing solar panels for 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 look forward to 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 many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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.

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