Solar Panel Cost Guide in Texarkana, AR (2023 Update)
- Texarkana Solar Installation Cost: $14,616
- 25-Year Savings: $21,668
- Payback Period: 10.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Texarkana
We go over average solar pricing in Texarkana.
Although the national average of solar panels is $2.66 per watt, solar panels in Texarkana typically cost around 2.54. Using this figure, a typical 8.2-kW system would cost about $14,615 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of equipment you want, your solar contractor and more. Many homeowners find going solar is a fruitful investment. The average homeowner in Texarkana can save around $17,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Texarkana for a quote for your home.
Solar savings over time in Texarkana
| Year | Return on Investment |
|---|---|
| 1 years | $-13,160 |
| 3 years | $-10,248 |
| 5 years | $-7,336 |
| 7 years | $-4,424 |
| 9 years | $-1,512 |
| 11 years | $1,400 |
| 13 years | $4,312 |
| 15 years | $7,224 |
| 17 years | $10,137 |
| 19 years | $13,049 |
| 21 years | $15,961 |
| 23 years | $18,873 |
| 25 years | $21,785 |
Top Solar Installers in Texarkana
Putting up solar panels yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Another advantage of utilizing a solar installer is that they can help you optimize your return of investment by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers in Texarkana:
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
See all of the solar companies in Texarkana
Factors that Affect Solar Panel Costs in Texarkana
Even though the average cost of a solar system in Texarkana is $14,615, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar 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 mainly based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by about $2,540 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 limited roof space 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 extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can impact your pricing. Texarkana's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 discount 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 | $11,095 | $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
There are many companies to choose from in Texarkana, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
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
EcoWatch's Texarkana, AR Solar Cost FAQs
What is the average cost of installing 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 real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I 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 financial benefits from going solar.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Texarkana, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of 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 once you've had 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.