Solar Panel Cost Guide in White Hall, AR (2024 Update)
- White Hall Solar Installation Cost: $20,303
- 25-Year Savings: $23,869
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in White Hall
We go over average solar pricing in White Hall.
Although the national average of solar panels is $2.66 per watt, solar panels in White Hall generally cost around 3.To account for the typical energy needs of the average home in White Hall, most homeowners require a 8.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $20,303, or $29,033 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.Despite the high initial cost, the average White Hall homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in White Hall for a quote for your home.
Solar savings over time in White Hall
| Year | Return on Investment |
|---|---|
| 1 years | $-18,846 |
| 3 years | $-15,934 |
| 5 years | $-13,022 |
| 7 years | $-10,110 |
| 9 years | $-7,198 |
| 11 years | $-4,286 |
| 13 years | $-1,374 |
| 15 years | $1,538 |
| 17 years | $4,450 |
| 19 years | $7,363 |
| 21 years | $10,275 |
| 23 years | $13,187 |
| 25 years | $16,099 |
Top Solar Installers in White Hall
Many homeowners decide to use a solar panel installer since installing solar panels by yourself can be hard. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
See all of the solar companies in White Hall
Factors that Affect Solar Panel Costs in White Hall
While the average cost of a solar system in White Hall is $20,303, your final cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,490 per kilowatt in White Hall.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the White Hall average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in White Hall, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.Even though solar loans make switching to solar energy more accessible for White Hall homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in White Hall is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $3.63 | $15,244 | $12,656 | 13.7 years |
| 8 kW | $3.56 | $19,935 | $17,266 | 13.4 years |
| 10 kW | $3.49 | $24,430 | $22,071 | 13.1 years |
| 12 kW | $3.42 | $28,730 | $27,072 | 12.9 years |
| 14 kW | $3.35 | $32,834 | $32,268 | 12.6 years |
| 16 kW | $3.28 | $36,743 | $37,659 | 12.3 years |
| 18 kW | $3.21 | $40,456 | $43,246 | 12.1 years |
| 20 kW | $3.14 | $43,974 | $49,029 | 11.8 years |
How to Save on Solar Panels
The solar installer you choose will affect 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 consider, including:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Reputation: Make sure your solar 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.
EcoWatch's White Hall, AR Solar Cost FAQs
How much does it cost to install solar panels in White Hall?
The average cost of solar panels in White Hall is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in White Hall?
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 financial benefits from going solar.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in White Hall is currently $136,398, which means you could be looking at a value of about $5,592 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in White Hall is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.