Solar Panel Cost Guide in Piney, AR (Mar 2023)
- Piney Solar Installation Cost: $15,042
- 25-Year Savings: $21,683
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Piney
Let's have a look at the average cost of solar in Piney.
While the national average of solar panels is $2.66 per watt, solar panels in Piney typically cost about 2.54. Using this figure, a typical 8.5-kW system would cost about $15,042 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar system you choose, your solar contractor and more. Despite the large initial cost, the average Piney homeowner can save around $16,000 on their energy bills over 20 years, which is one of the advantages of solar.
For a personalized 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 | $-13,573 |
| 3 years | $-10,635 |
| 5 years | $-7,697 |
| 7 years | $-4,759 |
| 9 years | $-1,821 |
| 11 years | $1,117 |
| 13 years | $4,055 |
| 15 years | $6,993 |
| 17 years | $9,931 |
| 19 years | $12,869 |
| 21 years | $15,807 |
| 23 years | $18,745 |
| 25 years | $21,683 |
Top Solar Installers in Piney
Although it's possible to install solar panels yourself, it takes extra labor and know-how. Because of that, the majority of homeowners choose to go with a solar panel installer. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for your home.
If you'd like to start using solar energy but still aren't sure which solar system installer to go with, here are our suggestions 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Piney
Factors that Affect Solar Panel Costs in Piney
While the average cost of a solar system in Piney is $15,042, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular option because they lower your upfront costs and let you pay for your system over five to seven years on average. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Piney, you'll have many options to choose from, but each comes at various price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you want and also fits 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 | $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
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- 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 adequate aftercare and customer service, such as part repairs and replacements.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While 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 be sure to peruse their list of options before making your decision.
- Warranty: If you're concerned about the longevity of your solar energy system, ensuring 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
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 feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Piney?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.