Solar Panel Cost Guide in Warren, AR (2023 Update)
- Warren Solar Installation Cost: $14,580
- 25-Year Savings: $26,310
- Payback Period: 8.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Warren
Let's have a look at the average cost of solar panels in Warren.
The national average cost of solar panels is $2.66 per watt, but in Warren it's 2.54 per watt. Since a 8.2-kW system is needed to cover the energy needs of a typical home in Warren, the average price of going solar will be about $14,580 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar system you want, your solar contractor and more. For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Warren see about $19,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Warren
| Year | Return on Investment |
|---|---|
| 1 years | $-12,944 |
| 3 years | $-9,673 |
| 5 years | $-6,402 |
| 7 years | $-3,131 |
| 9 years | $141 |
| 11 years | $3,412 |
| 13 years | $6,683 |
| 15 years | $9,954 |
| 17 years | $13,225 |
| 19 years | $16,496 |
| 21 years | $19,768 |
| 23 years | $23,039 |
| 25 years | $26,310 |
Top Solar Installers in Warren
Many homeowners choose to hire a solar installer since trying to install solar panels on your own can be hard. Some solar installers, particularly local ones, can help you better understand incentives in Warren, optimizing your ROI.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers in Warren:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Warren
Factors that Affect Solar Panel Costs in Warren
The cost of installing a solar system in Warren can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Warren, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Warren homeowners decide to finance their solar panel systems to make paying for solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Warren are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $18,825 | 9.3 years |
| 8 kW | $2.59 | $14,508 | $25,385 | 9.1 years |
| 10 kW | $2.54 | $17,780 | $32,087 | 8.9 years |
| 12 kW | $2.49 | $20,909 | $38,931 | 8.7 years |
| 14 kW | $2.44 | $23,896 | $45,917 | 8.6 years |
| 16 kW | $2.39 | $26,741 | $53,046 | 8.4 years |
| 18 kW | $2.34 | $29,444 | $60,317 | 8.2 years |
| 20 kW | $2.29 | $32,004 | $67,730 | 8.0 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you want to get plays a part in which installer you should choose, since different companies provide different panels.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Warren, AR Solar Cost FAQs
What is the average cost of installing solar panels in Warren?
The average cost of solar panels in Warren 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 like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Warren?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to 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 financial benefits from going solar.
Does Warren have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
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 typically produce about 250 to 400 watt-hours per hour, the average household 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.