Solar Panel Cost Guide in Siloam Springs, AR (2024 Update)

  • Siloam Springs Solar Installation Cost: $20,937
  • 25-Year Savings: $21,279
  • Payback Period: 14.3 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 Siloam Springs

We go over average solar pricing in Siloam Springs.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Siloam Springs, the average cost of a solar system is 3 per watt.Using this figure, a typical 8.6-kW system would cost about $20,937 before the 0 federal solar tax credit is applied.

How much you pay can be above or below the average in Siloam Springs depending on a few factors, such as the model of solar panels you choose and the solar company you hire.With typical savings of about $16,000 on utility bills over 20 years, many homeowners in Siloam Springs find going solar can be quite rewarding.

You can click the button below to get connected with a top solar installer in Siloam Springs for a quote for your home.

Solar savings over time in Siloam Springs

Year Return on Investment
1 years $-19,439
3 years $-16,442
5 years $-13,445
7 years $-10,448
9 years $-7,451
11 years $-4,454
13 years $-1,456
15 years $1,541
17 years $4,538
19 years $7,535
21 years $10,532
23 years $13,529
25 years $16,526

Top Solar Installers in Siloam Springs

Although it's possible to install solar panels on your own, it involves extra energy and know-how. That's one of the reasons most homeowners choose to go with a solar panel installer. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.

If you’d like to switch to solar energy but still aren’t certain which solar system installer to go with, here are our recommendations for providers near you:

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 Siloam Springs

Factors that Affect Solar Panel Costs in Siloam Springs

For many Siloam Springs homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Siloam Springs, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

The size of the solar 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 around $3,490. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Siloam Springs, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for a solar system in cash is out of reach, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Although solar loans make adopting solar energy more accessible for Siloam Springs homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panels can influence your pricing. Siloam Springs’s solar companies all have different labor costs and add varying upcharges to 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 find a company that has the products, warranties and services you’re looking for and also fit into 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 $3.63 $15,244 $10,320 14.9 years
8 kW $3.56 $19,935 $14,151 14.6 years
10 kW $3.49 $24,430 $18,178 14.3 years
12 kW $3.42 $28,730 $22,400 14.0 years
14 kW $3.35 $32,834 $26,817 13.8 years
16 kW $3.28 $36,743 $31,430 13.5 years
18 kW $3.21 $40,456 $36,238 13.2 years
20 kW $3.14 $43,974 $41,242 12.9 years

How to Save on Solar Panels

There are many 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: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
  • Warranty: If you care about the longevity of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
  • Contract: When looking over your solar company’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.

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 Siloam Springs, AR Solar Cost FAQs

What is the average cost of installing solar panels in Siloam Springs?

The average cost of solar panels in Siloam Springs is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual 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.

Is it better to lease or buy solar panels in Siloam Springs?

Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 savings from going solar.

Is it worth going solar in Siloam Springs?

Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.

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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