Solar Panel Cost Guide in Arkansas City, KS (Feb 2023)
- Arkansas City Solar Installation Cost: $13,398
- 25-Year Savings: $31,452
- Payback Period: 7.5 Years
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Top Solar Installers in Arkansas City
Trying to install solar panels on your own can be a challenging task, which is why using a solar installer is a good option for many homeowners. The payback period on an investment in solar panels will vary based on factors like your location and energy usage, but going 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.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Arkansas City
Factors that Affect Solar Panel Costs in Arkansas City
The cost of installing a solar system in Arkansas City can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Arkansas City, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$2.69||$11,313||$25,115||7.8 years|
|8 kW||$2.64||$14,794||$33,776||7.6 years|
|10 kW||$2.59||$18,130||$42,583||7.5 years|
|12 kW||$2.54||$21,321||$51,535||7.3 years|
|14 kW||$2.49||$24,367||$60,632||7.2 years|
|16 kW||$2.43||$27,268||$69,873||7.0 years|
|18 kW||$2.38||$30,023||$79,260||6.9 years|
|20 kW||$2.33||$32,634||$88,792||6.7 years|
How to Save on Solar Panels
The solar panel company you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: If you care about the durability of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which company you should choose, since different companies have access to different panels.
EcoWatch's Arkansas City, KS Solar Cost FAQs
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.