Solar Panel Cost Guide in Pea Ridge, FL (2023 Update)
- Pea Ridge Solar Installation Cost: $10,290
- 25-Year Savings: $25,401
- Payback Period: 7.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pea Ridge
Find out how much it might cost to go solar in Pea Ridge.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pea Ridge, the average cost of solar panels is 2.53 per watt. Using this figure, a typical 5.8-kW system would cost about $10,290 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Pea Ridge homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $23,000 over 20 years on electricity bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Pea Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-8,862 |
| 3 years | $-6,007 |
| 5 years | $-3,151 |
| 7 years | $-296 |
| 9 years | $2,559 |
| 11 years | $5,414 |
| 13 years | $8,270 |
| 15 years | $11,125 |
| 17 years | $13,980 |
| 19 years | $16,835 |
| 21 years | $19,691 |
| 23 years | $22,546 |
| 25 years | $25,401 |
Top Solar Installers in Pea Ridge
Many homeowners decide to use a solar installation company since installing solar panels yourself can be a labor-intensive endeavor. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Pea Ridge
Factors that Affect Solar Panel Costs in Pea Ridge
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Pea Ridge: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,530 per kilowatt in Pea Ridge. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Pea Ridge, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Pea Ridge, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your total costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect your pricing. Pea Ridge's solar companies all have different labor costs and add varying upcharges to equipment. 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 with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for 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 | $2.63 | $11,051 | $25,824 | 7.5 years |
| 8 kW | $2.58 | $14,451 | $34,715 | 7.3 years |
| 10 kW | $2.53 | $17,710 | $43,748 | 7.2 years |
| 12 kW | $2.48 | $20,827 | $52,922 | 7.1 years |
| 14 kW | $2.43 | $23,802 | $62,238 | 6.9 years |
| 16 kW | $2.38 | $26,636 | $71,696 | 6.8 years |
| 18 kW | $2.33 | $29,328 | $81,296 | 6.6 years |
| 20 kW | $2.28 | $31,878 | $91,037 | 6.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the project completion timeline.
- Contract: Read the contract terms closely to make sure you understand the overall cost, completion timeline incentives and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of 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 satisfied reviews from past customers.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you want a specific brand, make sure the solar company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Pea Ridge, FL Solar Cost FAQs
How much does it cost to install solar panels in Pea Ridge?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Pea Ridge?
Leasing solar panels can be an attractive choice, because 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.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Pea Ridge is currently $166,380, so you can expect a value of about $6,822 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Pea Ridge is a rewarding investment.
How long do solar panels last in Pea Ridge?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.