Solar Panel Cost Guide in Pine Bluff, AR (2023 Update)
- Pine Bluff Solar Installation Cost: $14,776
- 25-Year Savings: $23,920
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pine Bluff
Find out what the average cost of installing solar panels is in Pine Bluff.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pine Bluff, the average cost of a solar system is 2.54 per watt. The average solar panel system size in Pine Bluff is around 8.3 kilowatts, meaning a cost of about $14,775 for a solar installation, or $21,128 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Pine Bluff homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Pine Bluff find going solar has a decent ROI.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Pine Bluff
| Year | Return on Investment |
|---|---|
| 1 years | $-13,320 |
| 3 years | $-10,408 |
| 5 years | $-7,496 |
| 7 years | $-4,584 |
| 9 years | $-1,672 |
| 11 years | $1,241 |
| 13 years | $4,153 |
| 15 years | $7,065 |
| 17 years | $9,977 |
| 19 years | $12,889 |
| 21 years | $15,801 |
| 23 years | $18,713 |
| 25 years | $21,625 |
Top Solar Installers in Pine Bluff
Many homeowners decide to use a solar installation company since trying to install solar panels on your own can be time-consuming. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for your family.
If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers 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 Pine Bluff
Factors that Affect Solar Panel Costs in Pine Bluff
There are several criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Pine Bluff offer solar loans, which reduce your upfront costs of installing solar panels. It's a good idea to include 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
Lastly, the company you opt for to install your solar panels can impact the cost. Pine Bluff's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Pine Bluff know more about local solar incentives and can help you make good use of 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 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 | $16,843 | 9.9 years |
| 8 kW | $2.59 | $14,508 | $22,742 | 9.7 years |
| 10 kW | $2.54 | $17,780 | $28,783 | 9.5 years |
| 12 kW | $2.49 | $20,909 | $34,966 | 9.4 years |
| 14 kW | $2.44 | $23,896 | $41,292 | 9.2 years |
| 16 kW | $2.39 | $26,741 | $47,760 | 9.0 years |
| 18 kW | $2.34 | $29,444 | $54,370 | 8.8 years |
| 20 kW | $2.29 | $32,004 | $61,122 | 8.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation 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 tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
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
How much does it cost to install solar panels in Pine Bluff?
The average cost of solar panels in Pine Bluff 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Pine Bluff?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is it worth going solar in Pine Bluff?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.