Solar Panel Cost Guide in Vilonia, AR (2024 Update)
- Vilonia Solar Installation Cost: $20,705
- 25-Year Savings: $22,411
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Vilonia
Find out what the average cost of installing solar panels is in Vilonia.
The average cost of solar panels in Vilonia is 3 per watt.The average Vilonia homeowner needs a 8.5-kilowatt system, which would cost about $20,705 with the federal tax credit, or $29,608 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Vilonia homeowner. 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.For most homeowners, the upfront cost of solar is worth paying. On average Vilonia homeowners see about $17,000 in savings on energy bills over 20 years.
To receive a free estimate from a vetted solar installer in Vilonia, you can click the button below.
Solar savings over time in Vilonia
| Year | Return on Investment |
|---|---|
| 1 years | $-19,249 |
| 3 years | $-16,337 |
| 5 years | $-13,425 |
| 7 years | $-10,513 |
| 9 years | $-7,601 |
| 11 years | $-4,689 |
| 13 years | $-1,777 |
| 15 years | $1,136 |
| 17 years | $4,048 |
| 19 years | $6,960 |
| 21 years | $9,872 |
| 23 years | $12,784 |
| 25 years | $15,696 |
Top Solar Installers in Vilonia
Putting up solar panels on your own can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Plus, if you aren’t sure what type of solar panels and equipment you want, a solar installer can help you figure that out 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:
See all of the solar companies in Vilonia
Factors that Affect Solar Panel Costs in Vilonia
Even though the average cost of a solar system in Vilonia is $20,705, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable route because they reduce 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 put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Vilonia, and each can charge varying amounts for labor and equipment.Companies that only sell high-efficiency and high-priced 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 | $3.63 | $15,244 | $11,289 | 14.4 years |
| 8 kW | $3.56 | $19,935 | $15,442 | 14.1 years |
| 10 kW | $3.49 | $24,430 | $19,792 | 13.8 years |
| 12 kW | $3.42 | $28,730 | $24,336 | 13.5 years |
| 14 kW | $3.35 | $32,834 | $29,076 | 13.3 years |
| 16 kW | $3.28 | $36,743 | $34,012 | 13.0 years |
| 18 kW | $3.21 | $40,456 | $39,143 | 12.7 years |
| 20 kW | $3.14 | $43,974 | $44,469 | 12.4 years |
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 decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
EcoWatch's Vilonia, AR Solar Cost FAQs
How much does it cost to install solar panels in Vilonia?
The average cost of solar panels in Vilonia is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Vilonia?
Leasing solar panels can be an option if you are unable 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 property 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.
Is it worth going solar in Vilonia?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.