Solar Panel Cost Guide in Rockwell, AR (2024 Update)
- Rockwell Solar Installation Cost: $20,673
- 25-Year Savings: $21,679
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Rockwell
Find out what the average cost of installing solar panels is in Rockwell.
In Rockwell, solar panels cost about 3 per watt on average.Using this figure, a typical 8.5-kW system would cost about $20,673 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Rockwell homeowner. The price 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.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Rockwell can save about $16,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Rockwell for a quote for your home.
Solar savings over time in Rockwell
| Year | Return on Investment |
|---|---|
| 1 years | $-19,217 |
| 3 years | $-16,305 |
| 5 years | $-13,393 |
| 7 years | $-10,481 |
| 9 years | $-7,569 |
| 11 years | $-4,657 |
| 13 years | $-1,745 |
| 15 years | $1,167 |
| 17 years | $4,080 |
| 19 years | $6,992 |
| 21 years | $9,904 |
| 23 years | $12,816 |
| 25 years | $15,728 |
Top Solar Installers in Rockwell
When going solar, many homeowners decide to hire a solar installer since installing solar panels yourself can be a time-consuming project. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance in the long run.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Rockwell
Factors that Affect Solar Panel Costs in Rockwell
While the average cost of a solar system in Rockwell is $20,673, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar system in Rockwell, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by around $3,490 for each additional kilowatt you need.The brand and type 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 have a higher price tag 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 raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Rockwell homeowners choose to finance their solar panel systems to make going solar more affordable.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 a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Rockwell, and each can charge different amounts for labor and equipment.Additionally, some companies in Rockwell know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $10,794 | 14.6 years |
| 8 kW | $3.56 | $19,935 | $14,783 | 14.4 years |
| 10 kW | $3.49 | $24,430 | $18,968 | 14.1 years |
| 12 kW | $3.42 | $28,730 | $23,348 | 13.8 years |
| 14 kW | $3.35 | $32,834 | $27,923 | 13.5 years |
| 16 kW | $3.28 | $36,743 | $32,694 | 13.2 years |
| 18 kW | $3.21 | $40,456 | $37,660 | 12.9 years |
| 20 kW | $3.14 | $43,974 | $42,822 | 12.7 years |
How to Save on Solar Panels
There are many companies available in Rockwell, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
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 Rockwell, AR Solar Cost FAQs
How much does it cost to install solar panels in Rockwell?
The average cost of solar panels in Rockwell 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 stuff 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 Rockwell?
Leasing solar panels can be an option if you are unable 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 home 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 financial benefits from going solar.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $867.96 per year.
How long do solar panels last in Rockwell?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having 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.