Solar Panel Cost Guide in Springdale, AR (Feb 2023)
- Springdale Solar Installation Cost: $15,255
- 25-Year Savings: $20,270
- Payback Period: 10.7 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Springdale
Let's take a look at the average cost of solar panels in Springdale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Springdale, the average cost of a solar system is $3 per watt. To cover the typical energy usage of the average home in Springdale, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,255, or $11,289 after the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Springdale homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the savings for most homeowners is typically good, with a net average savings of about $16,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar panel company in Springdale for a customized quote.
Solar savings over time in Springdale
| Year | Return on Investment |
|---|---|
| 1 years | $-13,834 |
| 3 years | $-10,992 |
| 5 years | $-8,150 |
| 7 years | $-5,308 |
| 9 years | $-2,466 |
| 11 years | $376 |
| 13 years | $3,218 |
| 15 years | $6,060 |
| 17 years | $8,902 |
| 19 years | $11,744 |
| 21 years | $14,586 |
| 23 years | $17,428 |
| 25 years | $20,270 |
Top Solar Installers in Springdale
When switching to solar energy, many homeowners decide to go with a solar company since handling can be a time-consuming project. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're searching for a solar installer in Springdale, the EcoWatch team has compiled 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Springdale
Factors that Affect Solar Panel Costs in Springdale
For many Springdale homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Springdale, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,540. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Springdale, 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
Most solar companies in Springdale provide solar loans, which reduce your upfront costs of installing solar panels. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $2.64 | $11,095 | $13,752 | 11.2 years |
| 8 kW | $2.59 | $14,508 | $18,621 | 10.9 years |
| 10 kW | $2.54 | $17,780 | $23,632 | 10.7 years |
| 12 kW | $2.49 | $20,909 | $28,785 | 10.5 years |
| 14 kW | $2.44 | $23,896 | $34,080 | 10.3 years |
| 16 kW | $2.39 | $26,741 | $39,518 | 10.1 years |
| 18 kW | $2.34 | $29,444 | $45,098 | 9.9 years |
| 20 kW | $2.29 | $32,004 | $50,820 | 9.7 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Contract: Read the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Springdale, AR Solar Cost FAQs
What is the average cost of installing solar panels in Springdale?
The average cost of solar panels in Springdale is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $828.24 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.