Solar Panel Cost Guide in Vilonia, AR (Oct 2022)

  • Vilonia Solar Installation Cost: $15,077
  • 25-Year Savings: $22,402
  • Payback Period: 10.1 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Vilonia

Here's how much it might cost to make the switch to solar in Vilonia.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Vilonia, the average cost of a solar system is $3 per watt. Because a 8.5-kW system is needed to cover the energy consumption of a typical home in Vilonia, the average price of going solar will be about $15,077 before claiming the federal solar tax credit of 30%.

The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what company you go with. But, once you've paid the initial cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on energy bills.

You can click the button below to get connected with a top solar company in Vilonia that can help you get a more accurate cost estimate for your home.

Solar savings over time in Vilonia

Year Return on Investment
1 years $-13,578
3 years $-10,580
5 years $-7,581
7 years $-4,583
9 years $-1,585
11 years $1,414
13 years $4,412
15 years $7,410
17 years $10,409
19 years $13,407
21 years $16,406
23 years $19,404
25 years $22,402

Top Solar Installers in Vilonia

Many homeowners opt for a solar panel company since trying to put up solar panels yourself can be a labor-intensive endeavor. Plus, if you aren't sure what type of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Vilonia

Factors that Affect Solar Panel Costs in Vilonia

Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Vilonia: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment Size

When it comes to estimating the cost of a solar system in Vilonia, one of the most important 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 figure out by looking at past energy bills. Your total cost can increase by around $2,540 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar companies in Vilonia provide solar loans, which reduce your upfront costs of installing a solar system. 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're only able to 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 securing a solar loan with a low interest rate could reduce your costs considerably.

Solar Panel Installation Company

Finally, the company you hire to install your solar system can influence how much it costs. Vilonia's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 $15,438 10.5 years
8 kW $2.59 $14,508 $20,869 10.3 years
10 kW $2.54 $17,780 $26,442 10.1 years
12 kW $2.49 $20,909 $32,157 9.9 years
14 kW $2.44 $23,896 $38,014 9.6 years
16 kW $2.39 $26,741 $44,014 9.4 years
18 kW $2.34 $29,444 $50,155 9.2 years
20 kW $2.29 $32,004 $56,439 9.0 years

Solar Incentives in Vilonia

Name First Electric Cooperative - Home Improvement Loans
Incentive Amount $500- $15,000
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar installer you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:

  • Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
  • Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
  • Warranty: If you care about the endurance of your solar panel system, checking your company offers a 25-year, all-inclusive warranty can give you some peace of mind.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Vilonia, AR Solar Cost FAQs

How much does it cost to install solar panels in Vilonia?

This is a difficult question to answer precisely, 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

What other factors should I consider in addition to cost when buying solar panels?

The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.

Can you sell solar power back to the grid in Vilonia?

Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

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 house 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.

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