Solar Panel Cost Guide in Van Buren, AR (2023 Update)
- Van Buren Solar Installation Cost: $15,122
- 25-Year Savings: $19,284
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Van Buren
We go over average solar pricing in Van Buren.
Although the national average of solar panels is $2.66 per watt, solar panels in Van Buren typically cost about 2.54. The average Van Buren homeowner needs a 8.5-kilowatt system, which would cost about $15,113 with the federal tax credit, or $21,612 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Van Buren homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the significant upfront cost, the average Van Buren homeowner can save around $15,000 on their energy bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar installer in your area for a custom estimate.
Solar savings over time in Van Buren
| Year | Return on Investment |
|---|---|
| 1 years | $-14,025 |
| 3 years | $-11,831 |
| 5 years | $-9,637 |
| 7 years | $-7,443 |
| 9 years | $-5,249 |
| 11 years | $-3,055 |
| 13 years | $-861 |
| 15 years | $1,333 |
| 17 years | $3,527 |
| 19 years | $5,721 |
| 21 years | $7,915 |
| 23 years | $10,108 |
| 25 years | $12,302 |
Top Solar Installers in Van Buren
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make your switch to solar power much easier. Since solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you'd like to start using solar energy but still aren't certain which solar panel installer to go with, here are our suggestions for providers nearby:
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 Van Buren
Factors that Affect Solar Panel Costs in Van Buren
For many Van Buren homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Van Buren, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,540. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Van Buren, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Van Buren, and each can charge varying amounts for labor and equipment. Additionally, some companies in Van Buren know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $11,095 | $13,177 | 11.4 years |
| 8 kW | $2.59 | $14,508 | $17,854 | 11.2 years |
| 10 kW | $2.54 | $17,780 | $22,673 | 11.0 years |
| 12 kW | $2.49 | $20,909 | $27,635 | 10.8 years |
| 14 kW | $2.44 | $23,896 | $32,738 | 10.5 years |
| 16 kW | $2.39 | $26,741 | $37,984 | 10.3 years |
| 18 kW | $2.34 | $29,444 | $43,372 | 10.1 years |
| 20 kW | $2.29 | $32,004 | $48,903 | 9.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Van Buren, AR Solar Cost FAQs
How much does it cost to install solar panels in Van Buren?
The average cost of solar panels in Van Buren 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go 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.
Does Van Buren have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
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 the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.