Solar Panel Cost Guide in Conway, FL (2025 Update)
- Conway Solar Installation Cost: $12,301
- 25-Year Savings: $21,159
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Conway
Find out how much it might cost to install solar panels in Conway.
Although the national average of solar panels is $2.66 per watt, solar panels in Conway generally cost around 3.Because a 5.5-kW system is needed to cover the energy costs of a typical home in Conway, the average price of going solar will be about $12,301 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Conway can save about $21,000 on their power bills over 20 years.
To receive a free estimate from a pre-vetted solar company in Conway, you can click the button below.
Solar savings over time in Conway
| Year | Return on Investment |
|---|---|
| 1 years | $-10,526 |
| 3 years | $-6,977 |
| 5 years | $-3,427 |
| 7 years | $122 |
| 9 years | $3,672 |
| 11 years | $7,222 |
| 13 years | $10,771 |
| 15 years | $14,321 |
| 17 years | $17,870 |
| 19 years | $21,420 |
| 21 years | $24,969 |
| 23 years | $28,519 |
| 25 years | $32,069 |
Top Solar Installers in Conway
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make your swap to solar power much easier. The payback period on an investment in solar panels will vary based on factors like your location and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Conway:
See all of the solar companies in Conway
Factors that Affect Solar Panel Costs in Conway
For many Conway homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Conway, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,210. The 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, higher efficiency could save you more over time on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Conway average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Conway homeowners choose to finance their solar panel systems to make going solar more affordable.Though solar loans make switching to solar energy more accessible for Conway homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.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 choose a company that provides the products, warranties and services you want and also fit into 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 | $3.34 | $14,021 | $19,795 | 10.4 years |
| 8 kW | $3.27 | $18,336 | $26,753 | 10.2 years |
| 10 kW | $3.21 | $22,470 | $33,891 | 10.0 years |
| 12 kW | $3.15 | $26,425 | $41,209 | 9.8 years |
| 14 kW | $3.08 | $30,200 | $48,706 | 9.6 years |
| 16 kW | $3.02 | $33,795 | $56,383 | 9.4 years |
| 18 kW | $2.95 | $37,210 | $64,240 | 9.2 years |
| 20 kW | $2.89 | $40,446 | $72,276 | 9.0 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose significantly affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Different companies have different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
EcoWatch's Conway, FL Solar Cost FAQs
What is the average cost of installing solar panels in Conway?
The average cost of solar panels in Conway is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as 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 Conway?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Conway?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Conway?
On average, the lifespan of solar panels is 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.