Solar Panel Cost Guide in Siloam Springs, AR (2025 Update)
- Siloam Springs Solar Installation Cost: $20,937
- 25-Year Savings: $21,279
- Payback Period: 14.3 Years
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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 typical cost of a solar system is 3 per watt.The average Siloam Springs homeowner needs a 8.6-kilowatt system, which would cost about $20,937 with the federal tax credit, or $29,940 before the 0 tax credit is applied.
These figures are only averages, and your own solar costs will vary based on your energy needs and what company you go with.Even with the large upfront cost, the average Siloam Springs homeowner can save around $16,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar panel company in Siloam Springs for a personalized quote.
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
Trying to install solar panels on your own can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:
See all of the solar companies in Siloam Springs
Factors that Affect Solar Panel Costs in Siloam Springs
The cost of installing a solar system in Siloam Springs can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, 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 power your household uses, the larger your system will likely need to be. You can expect to pay around $3,490 per kilowatt in Siloam Springs.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Siloam Springs to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.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 solar company you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Siloam Springs, and each can charge varying amounts for labor and equipment.Additionally, some companies in Siloam Springs have more knowledge about local solar incentives and can help you make good use 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 | $10,320 | 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
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- 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.
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 secure 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 financial benefits from going solar.
Is it worth going solar in Siloam Springs?
Solar panels can be a good investment for a majority of 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 fairly 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.