Solar Panel Cost Guide in Piggott, AR (2023 Update)
- Piggott Solar Installation Cost: $15,290
- 25-Year Savings: $27,080
- Payback Period: 9.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Piggott
Find out how much it might cost to make the switch to solar in Piggott.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Piggott, the typical cost of solar panels is 2.54 per watt. To cover the typical energy needs of the average home in Piggott, most homeowners require a 8.6-kilowatt system. Using the figure above, a solar installation costs about $15,291, or $21,866 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Piggott homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar power is worth paying. On average Piggott homeowners see about $19,000 in savings on utility bills over 20 years.
To receive a free estimate from a top solar installer in Piggott, you can click the button below.
Solar savings over time in Piggott
| Year | Return on Investment |
|---|---|
| 1 years | $-13,834 |
| 3 years | $-10,922 |
| 5 years | $-8,009 |
| 7 years | $-5,097 |
| 9 years | $-2,185 |
| 11 years | $727 |
| 13 years | $3,639 |
| 15 years | $6,551 |
| 17 years | $9,463 |
| 19 years | $12,375 |
| 21 years | $15,287 |
| 23 years | $18,200 |
| 25 years | $21,112 |
Top Solar Installers in Piggott
Although it's possible to install solar panels by yourself, it takes extra time and know-how. Because of that, the majority of homeowners choose to hire a solar panel installer. Another benefit of working with a solar company is that they can help you maximize your ROI by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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
See all of the solar companies in Piggott
Factors that Affect Solar Panel Costs in Piggott
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Piggott: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important 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 choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at 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 time, but they can also be a significant investment. That's why many Piggott homeowners decide to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of loans, 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 finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $18,467 | 9.4 years |
| 8 kW | $2.59 | $14,508 | $24,907 | 9.2 years |
| 10 kW | $2.54 | $17,780 | $31,490 | 9.0 years |
| 12 kW | $2.49 | $20,909 | $38,215 | 8.8 years |
| 14 kW | $2.44 | $23,896 | $45,082 | 8.7 years |
| 16 kW | $2.39 | $26,741 | $52,091 | 8.5 years |
| 18 kW | $2.34 | $29,444 | $59,242 | 8.3 years |
| 20 kW | $2.29 | $32,004 | $66,536 | 8.1 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Piggott, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should go with, since different companies offer different panels.
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
EcoWatch's Piggott, AR Solar Cost FAQs
How much does it cost to install solar panels in Piggott?
The average cost of solar panels in Piggott 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 such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Piggott?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.