Solar Panel Cost Guide in Jonesboro, LA (2024 Update)
- Jonesboro Solar Installation Cost: $27,185
- 25-Year Savings: $22,080
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in Jonesboro
Find out what the average cost of a solar system is in Jonesboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Jonesboro, the average cost of solar panels is 4 per watt.The average Jonesboro homeowner needs a 10.2-kilowatt system, which would cost about $27,185 with the federal tax credit, or $38,875 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of solar panels you choose, your solar contractor and more.Despite the large initial cost, the average Jonesboro homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Jonesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-25,876 |
| 3 years | $-23,257 |
| 5 years | $-20,639 |
| 7 years | $-18,020 |
| 9 years | $-15,402 |
| 11 years | $-12,783 |
| 13 years | $-10,164 |
| 15 years | $-7,546 |
| 17 years | $-4,927 |
| 19 years | $-2,309 |
| 21 years | $310 |
| 23 years | $2,928 |
| 25 years | $5,547 |
Top Solar Installers in Jonesboro
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. Using an installer can make your switch to solar power much easier. Also, if you’d like to maximize your investment in solar power, going with a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Jonesboro:
See all of the solar companies in Jonesboro
Factors that Affect Solar Panel Costs in Jonesboro
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Jonesboro: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,800 per kilowatt in Jonesboro.There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they decrease your upfront costs and let you pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can influence your pricing. Jonesboro’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Jonesboro know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.95 | $16,598 | $7,158 | 17.5 years |
| 8 kW | $3.88 | $21,706 | $9,970 | 17.1 years |
| 10 kW | $3.80 | $26,600 | $12,995 | 16.8 years |
| 12 kW | $3.72 | $31,282 | $16,232 | 16.5 years |
| 14 kW | $3.65 | $35,750 | $19,682 | 16.1 years |
| 16 kW | $3.57 | $40,006 | $23,345 | 15.8 years |
| 18 kW | $3.50 | $44,050 | $27,221 | 15.5 years |
| 20 kW | $3.42 | $47,880 | $31,309 | 15.1 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
EcoWatch's Jonesboro, LA Solar Cost FAQs
How much does it cost to install solar panels in Jonesboro?
The average cost of solar panels in Jonesboro is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Jonesboro?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 cover 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.