Solar Panel Cost Guide in Texarkana, AR (Mar 2023)
- Texarkana Solar Installation Cost: $14,615
- 25-Year Savings: $21,669
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Texarkana
Find out what the average cost of installing solar panels is in Texarkana.
The average cost of a solar system in Texarkana is 2.54 per watt. The average solar panel system size in Texarkana is around 8.2 kilowatts, meaning a cost of about $14,615 for a solar installation, or $20,899 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Texarkana can save about $17,000 on their energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Texarkana
| Year | Return on Investment |
|---|---|
| 1 years | $-13,164 |
| 3 years | $-10,261 |
| 5 years | $-7,358 |
| 7 years | $-4,456 |
| 9 years | $-1,553 |
| 11 years | $1,350 |
| 13 years | $4,253 |
| 15 years | $7,156 |
| 17 years | $10,058 |
| 19 years | $12,961 |
| 21 years | $15,864 |
| 23 years | $18,767 |
| 25 years | $21,669 |
Top Solar Installers in Texarkana
When going solar, many homeowners choose to go with a solar company since overseeing your solar installation yourself can be a time-consuming project. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy use, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Texarkana
Factors that Affect Solar Panel Costs in Texarkana
The cost of installing a solar system in Texarkana can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use 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 expensive upfront but also tend to offer higher efficiency. In a city like Texarkana, where sunlight is abundant, efficiency can quickly pay off. Also, 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
Many homeowners find the average cost of solar in Texarkana to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Texarkana, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also is within your budget.
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 | $15,388 | 10.5 years |
| 8 kW | $2.59 | $14,508 | $20,801 | 10.3 years |
| 10 kW | $2.54 | $17,780 | $26,357 | 10.1 years |
| 12 kW | $2.49 | $20,909 | $32,056 | 9.9 years |
| 14 kW | $2.44 | $23,896 | $37,896 | 9.7 years |
| 16 kW | $2.39 | $26,741 | $43,879 | 9.5 years |
| 18 kW | $2.34 | $29,444 | $50,003 | 9.3 years |
| 20 kW | $2.29 | $32,004 | $56,271 | 9.1 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 tough decision, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- 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 large role in the company you hire.
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 Texarkana, AR Solar Cost FAQs
How much does it cost to install solar panels in Texarkana?
The average cost of solar panels in Texarkana 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Texarkana is currently $114,700, which means you can look forward to a value of about $4,703 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Texarkana is a fruitful investment.
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 how much 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 get 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.