Solar Panel Cost Guide in Springdale, AR (Sep 2022)
- Springdale Solar Installation Cost: $15,255
- 25-Year Savings: $20,270
- Payback Period: 10.7 Years
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Updated 9/16/2022
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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.
In Springdale, solar panels cost about $3 per watt on average. The average Springdale homeowner needs a 8.6-kilowatt system, which would cost about $15,255, or $11,289 after the federal solar tax credit of 30% is applied.
The true cost of your system can be higher or lower than the average in Springdale based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a rewarding investment. The average homeowner in Springdale can save around $16,000 on their power bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
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
Installing solar panels by yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Another great thing about going with a top solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers nearby:
Best Technology
The Green Panel
- 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
Although the average cost of solar panels in Springdale is $15,255, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment Size
The size of the system you need is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Springdale provide solar loans, which reduce the initial cost of installing a solar system. While solar loans make going solar more accessible for Springdale homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due 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 discount 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 | $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 |
Solar Incentives in Springdale
| Name | Residential Renewable Energy Tax Credit |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
The solar company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
Best Technology
The Green Panel
- 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
How much does it cost to install solar panels in Springdale?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,700 for a 5-kW system and $25,400 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 higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Springdale?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Does Springdale have a net metering program?
Each state has some form 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 offer you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can 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 buy between 20 and 35 panels to cover 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.
