Solar Panel Cost Guide in Pine Bluff, AR (2024 Update)
- Pine Bluff Solar Installation Cost: $20,303
- 25-Year Savings: $23,920
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Pine Bluff
Find out what the average cost of solar panel installation is in Pine Bluff.
The national average cost of solar panels is $2.66 per watt, but in Pine Bluff it’s 3 per watt.To cover the typical energy needs of the average home in Pine Bluff, most homeowners require a 8.3-kilowatt system. Using the figure above, a solar installation costs around $20,303, or $29,033 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Pine Bluff can save about $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Pine Bluff that can help you get a more accurate cost estimate for your home.
Solar savings over time in Pine Bluff
| Year | Return on Investment |
|---|---|
| 1 years | $-18,846 |
| 3 years | $-15,934 |
| 5 years | $-13,022 |
| 7 years | $-10,110 |
| 9 years | $-7,198 |
| 11 years | $-4,286 |
| 13 years | $-1,374 |
| 15 years | $1,538 |
| 17 years | $4,450 |
| 19 years | $7,363 |
| 21 years | $10,275 |
| 23 years | $13,187 |
| 25 years | $16,099 |
Top Solar Installers in Pine Bluff
When making the switch to solar, many homeowners decide to hire a solar company since DIY solar panel installation can be a challenging project. In addition, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Pine Bluff
Factors that Affect Solar Panel Costs in Pine Bluff
For many Pine Bluff homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Pine Bluff, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Pine Bluff, 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 figure out by looking at past power bills. Your total cost can increase by about $3,490 for each additional kilowatt you need.The brand and type of equipment you get 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Pine Bluff to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest.However, the interest on solar loans also increases your all-in costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Pine Bluff is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that has the products, warranties and services you want and also is within your budget.
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 | $12,694 | 13.6 years |
| 8 kW | $3.56 | $19,935 | $17,316 | 13.4 years |
| 10 kW | $3.49 | $24,430 | $22,133 | 13.1 years |
| 12 kW | $3.42 | $28,730 | $27,146 | 12.9 years |
| 14 kW | $3.35 | $32,834 | $32,354 | 12.6 years |
| 16 kW | $3.28 | $36,743 | $37,758 | 12.3 years |
| 18 kW | $3.21 | $40,456 | $43,357 | 12.1 years |
| 20 kW | $3.14 | $43,974 | $49,152 | 11.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Before you sign a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
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 Pine Bluff, AR Solar Cost FAQs
What is the average cost of installing solar panels in Pine Bluff?
The average cost of solar panels in Pine Bluff is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Pine Bluff?
A solar panel system isn’t free in Pine Bluff, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will installing solar panels impact my property value?
Solar panels can increase your property’s 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 a solar system."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know 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 house 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.