Solar Panel Cost Guide in Ward, AR (2024 Update)
- Ward Solar Installation Cost: $20,407
- 25-Year Savings: $22,628
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Ward
See how much it might cost to install solar panels in Ward.
In Ward, solar panels cost about 3 per watt on average.Using this figure, a typical 8.4-kW system would cost about $20,407 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of equipment you choose, your solar contractor and more.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Ward for a custom quote.
Solar savings over time in Ward
| Year | Return on Investment |
|---|---|
| 1 years | $-18,951 |
| 3 years | $-16,039 |
| 5 years | $-13,127 |
| 7 years | $-10,214 |
| 9 years | $-7,302 |
| 11 years | $-4,390 |
| 13 years | $-1,478 |
| 15 years | $1,434 |
| 17 years | $4,346 |
| 19 years | $7,258 |
| 21 years | $10,170 |
| 23 years | $13,082 |
| 25 years | $15,995 |
Top Solar Installers in Ward
Many homeowners opt for a solar panel company since trying to install solar panels on your own can be a labor-intensive endeavor. Solar warranties and repairs are often included in the cost of installation when you sign a contract with a solar company as well, which can save you more money over time.
If you’d like to make the switch to solar but still aren’t certain which solar panel installer to go with, here are our suggestions for providers in Ward:
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 Ward
Factors that Affect Solar Panel Costs in Ward
For many Ward homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Ward, with typical prices between $20,000 to $40,000. There are several factors that significantly 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 some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,490.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Ward average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Although solar loans make going solar more accessible for Ward 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you pick will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you want 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 | $11,677 | 14.2 years |
| 8 kW | $3.56 | $19,935 | $15,960 | 13.9 years |
| 10 kW | $3.49 | $24,430 | $20,438 | 13.6 years |
| 12 kW | $3.42 | $28,730 | $25,112 | 13.3 years |
| 14 kW | $3.35 | $32,834 | $29,982 | 13.1 years |
| 16 kW | $3.28 | $36,743 | $35,047 | 12.8 years |
| 18 kW | $3.21 | $40,456 | $40,307 | 12.5 years |
| 20 kW | $3.14 | $43,974 | $45,763 | 12.3 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Installation Process: When making the switch to solar energy, it’s essential to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
- Warranty: If you’re worried about the durability of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
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 Ward, AR Solar Cost FAQs
How much does it cost to install solar panels in Ward?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from 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 reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will solar panels impact how much my home is worth?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Even though 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 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.