Solar Panel Cost Guide in Piney, AR (2023 Update)
- Piney Solar Installation Cost: $15,046
- 25-Year Savings: $21,679
- Payback Period: 10.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Piney
We break down average solar pricing in Piney.
The average cost of a solar panel system in Piney is 2.54 per watt. Because a 8.5-kW system is needed to cover the energy usage of a typical home in Piney, the average price of going solar will be about $15,042 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Piney see about $16,000 in savings on energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Piney
| Year | Return on Investment |
|---|---|
| 1 years | $-14,924 |
| 3 years | $-14,679 |
| 5 years | $-14,434 |
| 7 years | $-14,189 |
| 9 years | $-13,944 |
| 11 years | $-13,699 |
| 13 years | $-13,455 |
| 15 years | $-13,210 |
| 17 years | $-12,965 |
| 19 years | $-12,720 |
| 21 years | $-12,475 |
| 23 years | $-12,230 |
| 25 years | $-11,985 |
Top Solar Installers in Piney
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar company can make your switch to solar power much easier. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be right for you.
If you're on the hunt for a solar installer in Piney, we've put together 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
See all of the solar companies in Piney
Factors that Affect Solar Panel Costs in Piney
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Piney: 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 cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,540. The brand and kind of equipment you want 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 a small roof 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. Plus, if you want additional equipment 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 Piney to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Piney, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $14,944 | 10.7 years |
| 8 kW | $2.59 | $14,508 | $20,210 | 10.4 years |
| 10 kW | $2.54 | $17,780 | $25,618 | 10.2 years |
| 12 kW | $2.49 | $20,909 | $31,168 | 10.0 years |
| 14 kW | $2.44 | $23,896 | $36,861 | 9.8 years |
| 16 kW | $2.39 | $26,741 | $42,695 | 9.6 years |
| 18 kW | $2.34 | $29,444 | $48,673 | 9.4 years |
| 20 kW | $2.29 | $32,004 | $54,792 | 9.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Solar Panel Brands: The type of solar panel you want to get plays a part in which company you should go with, since different companies have access to different panels.
- Warranty: If you're worried about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Piney, AR Solar Cost FAQs
What is the average cost of installing solar panels in Piney?
The average cost of solar panels in Piney 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 like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Piney?
A solar panel system isn't free in Piney, 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 can help lower the cost.
Is it worth going solar in Piney?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Piney?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use 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.