Solar Panel Cost Guide in Texarkana, AR (Aug 2022)
- Texarkana Solar Installation Cost: $15,450
- 25-Year Savings: $20,834
- Payback Period: 10.6 Years
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Updated 7/19/2022
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Average Cost of Solar Panels in Texarkana
See how much it might cost to switch to solar power in Texarkana.
The national average cost of solar panels is $2.66 per watt, but in Texarkana it's $3 per watt. To cover the typical energy usage of the average home in Texarkana, most homeowners require an 8.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,450, or $11,433 after the federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Texarkana find investing in solar has a decent ROI.
Click the button below to get connected to a reputable solar installer in your area for a custom quote.
Solar savings over time in Texarkana
| Year | Return on Investment |
|---|---|
| 1 years | $-13,999 |
| 3 years | $-11,096 |
| 5 years | $-8,193 |
| 7 years | $-5,291 |
| 9 years | $-2,388 |
| 11 years | $515 |
| 13 years | $3,418 |
| 15 years | $6,320 |
| 17 years | $9,223 |
| 19 years | $12,126 |
| 21 years | $15,029 |
| 23 years | $17,931 |
| 25 years | $20,834 |
Top Solar Installers in Texarkana
Installing solar panels on your own can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Texarkana
Factors that Affect Solar Panel Costs in Texarkana
There are many factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment Size
When it comes to estimating the price of a solar energy system in Texarkana, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,540 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Texarkana provide solar loans, which reduce your upfront costs of installing a solar system. Though solar loans make adopting solar energy more accessible for Texarkana homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Texarkana is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, you'll have many options for solar installers that provide a range of services at different costs. Additionally, some companies in Texarkana know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $14,754 | 11.1 years |
| 8 kW | $2.59 | $15,338 | $19,972 | 10.9 years |
| 10 kW | $2.54 | $18,796 | $25,341 | 10.6 years |
| 12 kW | $2.49 | $22,104 | $30,861 | 10.4 years |
| 14 kW | $2.44 | $25,262 | $36,530 | 10.2 years |
| 16 kW | $2.39 | $28,269 | $42,351 | 10.0 years |
| 18 kW | $2.34 | $31,126 | $48,321 | 9.8 years |
| 20 kW | $2.29 | $33,833 | $54,442 | 9.6 years |
Solar Incentives in Texarkana
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit here |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which installer you should go with, since different companies have access to different panels.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 Texarkana, AR Solar Cost FAQs
What is the average cost of installing solar panels in Texarkana?
This is a hard 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. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Texarkana?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Texarkana?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.
