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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

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.Using this figure, a typical 8.5-kW system would cost about $20,847 before the 0 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 may look quite different based on your household energy consumption, the type of solar system you want, your solar contractor and more.With typical savings of about $17,000 on utility bills over 20 years, many homeowners in Russellville find installing solar panels has a decent ROI.

To receive a free quote from a vetted solar installer in Russellville, you can 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

Although it's possible to install solar panels by yourself, it involves extra effort and knowledge. For that reason, the majority of homeowners choose to go with a solar panel installer. Another upside of going with a solar installer is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 your system size, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,490 per kilowatt in Russellville.The brand of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about 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

Most solar installers in Russellville provide solar loans, which reduce the initial cost of installing solar.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.

Solar Panel Installation Company

The solar installation company you pick will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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

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. Since choosing a company can be a tough decision, we have some tips to help you, such as:

  • Contract: Look through the contract terms closely to make sure you understand the total cost, completion timeline incentives and warranties.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
  • Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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

What is the average cost of installing solar panels in Russellville?

The average cost of solar panels in Russellville 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.

Are solar panels free in Russellville?

You can’t get solar panels for free in Russellville. However, you may still be able to get 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.

Can you sell solar power back to the grid in Russellville?

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 long do solar panels last in Russellville?

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 their energy production will have decreased significantly after that point. You can 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.

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