Solar Panel Cost Guide in Paragould, AR (Aug 2022)

  • Paragould Solar Installation Cost: $16,052
  • 25-Year Savings: $21,175
  • Payback Period: 10.8 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 Paragould

Let's have a look at the average cost of solar in Paragould.

In Paragould, solar panels cost about $3 per watt on average. The average solar panel system size in Paragould is around 8.5 kilowatts, meaning a cost of about $16,052 for a solar installation, or $11,878 after the federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what company you go with. But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on utility bills.

You can click the button below to get connected with a top solar installer in Paragould for a quote for your home.

Solar savings over time in Paragould

Year Return on Investment
1 years $-14,563
3 years $-11,585
5 years $-8,606
7 years $-5,628
9 years $-2,650
11 years $328
13 years $3,306
15 years $6,284
17 years $9,263
19 years $12,241
21 years $15,219
23 years $18,197
25 years $21,175

Top Solar Installers in Paragould

Although you can install solar panels yourself, it requires extra energy and handiness. That's why most people choose to go with a solar panel installer. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.

You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:

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 Paragould

Factors that Affect Solar Panel Costs in Paragould

Though the average cost of solar panels in Paragould is $16,052, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.

Solar Equipment Size

The size of the solar panel system you need to offset your energy usage is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,540. The brand and kind of equipment you want for your solar system can increase or decrease 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Paragould homeowners choose to finance their solar panel systems to make going solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

Finally, the company you hire to install your solar panels can influence the cost. Paragould's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Paragould have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.

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 $14,414 11.2 years
8 kW $2.59 $15,338 $19,520 11.0 years
10 kW $2.54 $18,796 $24,776 10.8 years
12 kW $2.49 $22,104 $30,182 10.6 years
14 kW $2.44 $25,262 $35,739 10.4 years
16 kW $2.39 $28,269 $41,446 10.1 years
18 kW $2.34 $31,126 $47,303 9.9 years
20 kW $2.29 $33,833 $53,311 9.7 years

Solar Incentives in Paragould

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

How to Save on Solar Panels

The solar installer you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:

  • Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Solar Panel Brands: The type of solar panel you'd like to get plays a role in which company you should choose, since different companies have different panels.
  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
  • Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.

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 Paragould, AR Solar Cost FAQs

How much does it cost to install solar panels in Paragould?

This is a difficult question to answer precisely, because the cost depends on a variety of 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. It will cost 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 opt for a smaller solar panel system or cheaper solar panels.

Are solar panels free in Paragould?

You can't get solar panels for free in Paragould. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.

Is it worth going solar in Paragould?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and how much 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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