Solar Panel Cost Guide in Pea Ridge, FL (2024 Update)
- Pea Ridge Solar Installation Cost: $13,049
- 25-Year Savings: $25,406
- Payback Period: 9.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Pea Ridge
Find out what the average cost of installing solar panels is in Pea Ridge.
In Pea Ridge, solar panels cost about 3 per watt on average.The average Pea Ridge homeowner needs a 5.8-kilowatt system, which would cost about $13,049 with the federal tax credit, or $18,660 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Pea Ridge 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 $23,000 on power bills over 20 years, many homeowners in Pea Ridge find investing in solar has a decent ROI.
To get a free estimate from a vetted solar installation company in Pea Ridge, you can click the button below.
Solar savings over time in Pea Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-11,290 |
| 3 years | $-7,771 |
| 5 years | $-4,253 |
| 7 years | $-734 |
| 9 years | $2,784 |
| 11 years | $6,303 |
| 13 years | $9,821 |
| 15 years | $13,340 |
| 17 years | $16,858 |
| 19 years | $20,377 |
| 21 years | $23,895 |
| 23 years | $27,414 |
| 25 years | $30,933 |
Top Solar Installers in Pea Ridge
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make converting to solar power much easier. Some solar companies, especially local ones, can help you take advantage of incentives in Pea Ridge, thereby optimizing your ROI.
If you're searching for a solar company in Pea Ridge, we've put together a list of our top suggestions here:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Pea Ridge
Factors that Affect Solar Panel Costs in Pea Ridge
There are several criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,210. There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Pea Ridge homeowners opt to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies operating in Pea Ridge, and each can charge different amounts for labor and equipment.Additionally, some companies in Pea Ridge know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $3.34 | $14,021 | $22,853 | 9.5 years |
| 8 kW | $3.27 | $18,336 | $30,831 | 9.3 years |
| 10 kW | $3.21 | $22,470 | $38,988 | 9.1 years |
| 12 kW | $3.15 | $26,425 | $47,324 | 9.0 years |
| 14 kW | $3.08 | $30,200 | $55,841 | 8.8 years |
| 16 kW | $3.02 | $33,795 | $64,537 | 8.6 years |
| 18 kW | $2.95 | $37,210 | $73,413 | 8.4 years |
| 20 kW | $2.89 | $40,446 | $82,469 | 8.2 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Before you sign a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Pea Ridge, FL Solar Cost FAQs
How much does it cost to install solar panels in Pea Ridge?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,050 for a 5-kW system and $32,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Pea Ridge?
Solar panels aren’t free in Pea Ridge, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Pea Ridge?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.