Solar Panel Cost Guide in Springdale, AR (Aug 2022)
- Springdale Solar Installation Cost: $16,127
- 25-Year Savings: $19,399
- Payback Period: 11.3 Years
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Updated 7/19/2022
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Average Cost of Solar Panels in Springdale
Find out what the average cost of a solar system is in Springdale.
The national average cost of solar panels is $2.66 per watt, but in Springdale it's $3 per watt. Since an 8.6-kW system is needed to cover the energy usage of a typical home in Springdale, the average price of going solar will be about $16,127 before claiming the federal solar tax credit.
The true price you pay can be higher or lower than the average in Springdale depending on several factors, such as the model of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $16,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Springdale
| Year | Return on Investment |
|---|---|
| 1 years | $-14,706 |
| 3 years | $-11,864 |
| 5 years | $-9,022 |
| 7 years | $-6,180 |
| 9 years | $-3,338 |
| 11 years | $-496 |
| 13 years | $2,346 |
| 15 years | $5,188 |
| 17 years | $8,030 |
| 19 years | $10,872 |
| 21 years | $13,714 |
| 23 years | $16,556 |
| 25 years | $19,399 |
Top Solar Installers in Springdale
Although you can install solar panels yourself, it involves extra labor and know-how. That's why almost all homeowners choose a solar panel installer. Some solar installers, especially local ones, can help you make the most of incentives in Springdale, thereby optimizing your ROI.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our suggestions for providers near you:
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
The cost of installing a solar system in Springdale can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment Size
The size of the solar energy system you need is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,540. Some solar 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 you don't have a lot of 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
Many homeowners find the average cost of solar in Springdale to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence how much you pay. Springdale's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $11,729 | $13,118 | 11.8 years |
| 8 kW | $2.59 | $15,338 | $17,792 | 11.6 years |
| 10 kW | $2.54 | $18,796 | $22,616 | 11.3 years |
| 12 kW | $2.49 | $22,104 | $27,590 | 11.1 years |
| 14 kW | $2.44 | $25,262 | $32,715 | 10.9 years |
| 16 kW | $2.39 | $28,269 | $37,990 | 10.7 years |
| 18 kW | $2.34 | $31,126 | $43,415 | 10.4 years |
| 20 kW | $2.29 | $33,833 | $48,991 | 10.2 years |
Solar Incentives in Springdale
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit here |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on 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 well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely have a good reputation and are qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
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
What is the average cost of installing solar panels in Springdale?
This is a difficult question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Springdale?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Springdale?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.
