Solar Panel Cost Guide in Springdale, AR (2024 Update)
- Springdale Solar Installation Cost: $20,957
- 25-Year Savings: $20,273
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Springdale
Find out what the average cost of solar panel installation is in Springdale.
The national average cost of solar panels is $2.66 per watt, but in Springdale it’s 3 per watt.The average solar panel system size in Springdale is around 8.6 kilowatts, meaning a cost of about $20,957 for a solar installation, or $29,969 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will vary based on the amount of energy your home requires and what company you go with.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $16,000 over 20 years on power bills.
To get a free estimate from a vetted solar installation company in Springdale, you can click the button below.
Solar savings over time in Springdale
| Year | Return on Investment |
|---|---|
| 1 years | $-19,559 |
| 3 years | $-16,762 |
| 5 years | $-13,965 |
| 7 years | $-11,168 |
| 9 years | $-8,371 |
| 11 years | $-5,574 |
| 13 years | $-2,776 |
| 15 years | $21 |
| 17 years | $2,818 |
| 19 years | $5,615 |
| 21 years | $8,412 |
| 23 years | $11,209 |
| 25 years | $14,006 |
Top Solar Installers in Springdale
Many homeowners decide to hire a solar installation company since figuring out how to install solar panels on your own can be a lot of work. Another good thing about choosing a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you're on the hunt for a solar installer in Springdale, the EcoWatch team has organized a list of our top suggestions here:
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 Springdale
Factors that Affect Solar Panel Costs in Springdale
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Springdale: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Springdale average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Springdale, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can affect how much it costs. Springdale’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $9,603 | 15.3 years |
| 8 kW | $3.56 | $19,935 | $13,195 | 15.0 years |
| 10 kW | $3.49 | $24,430 | $16,982 | 14.7 years |
| 12 kW | $3.42 | $28,730 | $20,965 | 14.5 years |
| 14 kW | $3.35 | $32,834 | $25,143 | 14.2 years |
| 16 kW | $3.28 | $36,743 | $29,516 | 13.9 years |
| 18 kW | $3.21 | $40,456 | $34,085 | 13.6 years |
| 20 kW | $3.14 | $43,974 | $38,850 | 13.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Warranty: If you care about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
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 Springdale, AR Solar Cost FAQs
How much does it cost to install solar panels in Springdale?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Springdale is currently $298,696, which means you can look forward to a value of about $12,247 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Springdale is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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.