Solar Panel Cost Guide in Russellville, AR (2024 Update)
- Russellville Solar Installation Cost: $20,847
- 25-Year Savings: $22,198
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Russellville
We go over average solar pricing in Russellville.
While the national average of solar panels is $2.66 per watt, solar panels in Russellville generally cost around 3.The average solar panel system size in Russellville is around 8.5 kilowatts, meaning a cost of about $20,847 for a solar installation, or $29,811 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Russellville based on several factors, such as the model of solar panels you choose and the solar installer you hire.Even with the large initial cost, the average Russellville homeowner can save around $17,000 on their power bills over 20 years, which is one of the advantages of solar.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Russellville
| Year | Return on Investment |
|---|---|
| 1 years | $-19,391 |
| 3 years | $-16,479 |
| 5 years | $-13,567 |
| 7 years | $-10,655 |
| 9 years | $-7,743 |
| 11 years | $-4,830 |
| 13 years | $-1,918 |
| 15 years | $994 |
| 17 years | $3,906 |
| 19 years | $6,818 |
| 21 years | $9,730 |
| 23 years | $12,642 |
| 25 years | $15,554 |
Top Solar Installers in Russellville
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Using an installer can make swapping over to solar power much easier. Plus, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some 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 Russellville
Factors that Affect Solar Panel Costs in Russellville
The cost of installing a solar system in Russellville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,490. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Russellville have solar loans, which reduce the initial cost of installing a solar system.While solar loans make switching to solar energy more accessible for Russellville homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact your pricing. Russellville’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have 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 discount can bring their pricing down to compete with bigger companies.
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 | $11,031 | 14.5 years |
| 8 kW | $3.56 | $19,935 | $15,099 | 14.2 years |
| 10 kW | $3.49 | $24,430 | $19,363 | 13.9 years |
| 12 kW | $3.42 | $28,730 | $23,822 | 13.7 years |
| 14 kW | $3.35 | $32,834 | $28,476 | 13.4 years |
| 16 kW | $3.28 | $36,743 | $33,326 | 13.1 years |
| 18 kW | $3.21 | $40,456 | $38,371 | 12.8 years |
| 20 kW | $3.14 | $43,974 | $43,612 | 12.6 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Russellville, 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:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
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 Russellville, AR Solar Cost FAQs
How much does it cost to install solar panels in Russellville?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Russellville?
You can’t get solar panels for free in Russellville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Russellville have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can replace them after having 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.