Solar Panel Cost Guide in Piggott, AR (2024 Update)
- Piggott Solar Installation Cost: $21,008
- 25-Year Savings: $27,080
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Piggott
Here’s how much it might cost to make the switch to solar in Piggott.
The national average cost of solar panels is $2.66 per watt, but in Piggott it’s 3 per watt.The average Piggott homeowner needs a 8.6-kilowatt system, which would cost about $21,008 with the federal tax credit, or $30,041 before the 0 tax credit is applied.
The true price you pay can be higher or lower than the average in Piggott depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Piggott that can help you get a more accurate cost estimate for your home.
Solar savings over time in Piggott
| Year | Return on Investment |
|---|---|
| 1 years | $-19,552 |
| 3 years | $-16,640 |
| 5 years | $-13,728 |
| 7 years | $-10,816 |
| 9 years | $-7,904 |
| 11 years | $-4,992 |
| 13 years | $-2,080 |
| 15 years | $832 |
| 17 years | $3,745 |
| 19 years | $6,657 |
| 21 years | $9,569 |
| 23 years | $12,481 |
| 25 years | $15,393 |
Top Solar Installers in Piggott
Trying to put up solar panels by yourself can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy needs, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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
The cost of installing a solar system in Piggott can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest 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 system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,490. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Piggott, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Piggott, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the total 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Piggott, and each can charge different amounts for labor and equipment.Additionally, some companies in Piggott are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $3.63 | $15,244 | $14,318 | 12.9 years |
| 8 kW | $3.56 | $19,935 | $19,481 | 12.6 years |
| 10 kW | $3.49 | $24,430 | $24,840 | 12.4 years |
| 12 kW | $3.42 | $28,730 | $30,394 | 12.1 years |
| 14 kW | $3.35 | $32,834 | $36,144 | 11.9 years |
| 16 kW | $3.28 | $36,743 | $42,089 | 11.7 years |
| 18 kW | $3.21 | $40,456 | $48,230 | 11.4 years |
| 20 kW | $3.14 | $43,974 | $54,566 | 11.2 years |
How to Save on Solar Panels
The solar installer you go with will influence 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 a few important things you should keep in mind, including:
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
Best National Provider
SunPower
- 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
- 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?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,450 for a 5-kW system and $34,900 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 higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Piggott?
You can’t get solar panels for free in Piggott. 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 want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t opt 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 solar panels."
How long do solar panels last in Piggott?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.