Solar Panel Cost Guide in Pea Ridge, AR (Mar 2023)
- Pea Ridge Solar Installation Cost: $15,237
- 25-Year Savings: $20,504
- Payback Period: 10.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pea Ridge
Let's take a look at the average cost of solar in Pea Ridge.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pea Ridge, the average cost of a solar system is 2.54 per watt. To cover the typical energy usage of the average home in Pea Ridge, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,237, or $21,789 before the federal solar tax credit of 30% is applied.
The actual price you pay can be higher or lower than the average in Pea Ridge depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Pea Ridge can save about $16,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Pea Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-13,808 |
| 3 years | $-10,948 |
| 5 years | $-8,089 |
| 7 years | $-5,230 |
| 9 years | $-2,370 |
| 11 years | $489 |
| 13 years | $3,348 |
| 15 years | $6,208 |
| 17 years | $9,067 |
| 19 years | $11,926 |
| 21 years | $14,786 |
| 23 years | $17,645 |
| 25 years | $20,504 |
Top Solar Installers in Pea Ridge
Trying to install solar panels by yourself can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're searching for a solar installer in Pea Ridge, we've organized 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
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 Pea Ridge
Factors that Affect Solar Panel Costs in Pea Ridge
The cost of installing a solar system in Pea Ridge can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Pea Ridge, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,540 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Pea Ridge offer solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can impact the cost. Pea Ridge's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Pea Ridge have more knowledge about local solar incentives and can help you learn about 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 help you save 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 | $11,095 | $13,927 | 11.1 years |
| 8 kW | $2.59 | $14,508 | $18,854 | 10.9 years |
| 10 kW | $2.54 | $17,780 | $23,924 | 10.7 years |
| 12 kW | $2.49 | $20,909 | $29,135 | 10.4 years |
| 14 kW | $2.44 | $23,896 | $34,489 | 10.2 years |
| 16 kW | $2.39 | $26,741 | $39,985 | 10.0 years |
| 18 kW | $2.34 | $29,444 | $45,623 | 9.8 years |
| 20 kW | $2.29 | $32,004 | $51,403 | 9.6 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: The kind of solar panel you need to install plays a role in which installer you should choose, since different companies have access to different panels.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Pea Ridge, AR Solar Cost FAQs
How much does it cost to install solar panels in Pea Ridge?
This is a difficult 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 higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Pea Ridge, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.