Solar Panel Cost Guide in Wynne, AR (2023 Update)
- Wynne Solar Installation Cost: $14,971
- 25-Year Savings: $22,348
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wynne
Let's take a look at the average cost of solar in Wynne.
The average cost of solar panels in Wynne is 2.54 per watt. The average Wynne homeowner needs a 8.4-kilowatt system, which would cost about $14,971 with the federal tax credit, or $21,409 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Wynne homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Wynne find installing solar panels has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Wynne that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wynne
| Year | Return on Investment |
|---|---|
| 1 years | $-13,478 |
| 3 years | $-10,493 |
| 5 years | $-7,507 |
| 7 years | $-4,522 |
| 9 years | $-1,536 |
| 11 years | $1,449 |
| 13 years | $4,435 |
| 15 years | $7,420 |
| 17 years | $10,406 |
| 19 years | $13,391 |
| 21 years | $16,377 |
| 23 years | $19,362 |
| 25 years | $22,348 |
Top Solar Installers in Wynne
Putting up solar panels on your own can be a stressful undertaking, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Wynne
Factors that Affect Solar Panel Costs in Wynne
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Wynne: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Wynne to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. Though solar loans make adopting solar energy more accessible for Wynne homeowners, they can also raise 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 evaluate the cost of solar for your home or business in Wynne is the company you get to install your solar panel system. As with 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. Companies that only sell high-quality, high-efficiency and high-price products — 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 has the products, warranties and services you're looking for and also fits 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 | $2.64 | $11,095 | $15,494 | 10.4 years |
| 8 kW | $2.59 | $14,508 | $20,943 | 10.2 years |
| 10 kW | $2.54 | $17,780 | $26,534 | 10.0 years |
| 12 kW | $2.49 | $20,909 | $32,268 | 9.8 years |
| 14 kW | $2.44 | $23,896 | $38,144 | 9.6 years |
| 16 kW | $2.39 | $26,741 | $44,162 | 9.4 years |
| 18 kW | $2.34 | $29,444 | $50,322 | 9.2 years |
| 20 kW | $2.29 | $32,004 | $56,625 | 9.0 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the kinds 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: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: If you care about the durability of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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 Wynne, AR Solar Cost FAQs
What is the average cost of installing solar panels in Wynne?
The average cost of solar panels in Wynne 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 kind 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 Wynne?
Leasing solar panels can be an option if you can't afford 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 home 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.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wynne is currently $96,000, so you can expect a value of about $3,936 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wynne is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.