Solar Panel Cost Guide in Jonesboro, LA (2023 Update)
- Jonesboro Solar Installation Cost: $18,386
- 25-Year Savings: $22,080
- Payback Period: 11.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Jonesboro
Find out how much it might cost to switch to solar power in Jonesboro.
While the national average of solar panels is $2.66 per watt, solar panels in Jonesboro typically cost about 2.57. The average solar panel system size in Jonesboro is around 10.2 kilowatts, meaning a cost of about $18,386 for a solar installation, or $26,292 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Jonesboro homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the high upfront cost, the average Jonesboro homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Jonesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-17,076 |
| 3 years | $-14,458 |
| 5 years | $-11,839 |
| 7 years | $-9,221 |
| 9 years | $-6,602 |
| 11 years | $-3,984 |
| 13 years | $-1,365 |
| 15 years | $1,253 |
| 17 years | $3,872 |
| 19 years | $6,490 |
| 21 years | $9,109 |
| 23 years | $11,728 |
| 25 years | $14,346 |
Top Solar Installers in Jonesboro
When switching to solar energy, many homeowners choose to hire a solar installer since handling can be a challenging project. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for you.
If you'd like to go solar but still aren't certain which solar panel company to go with, here are our recommendations for providers near you:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Jonesboro
Factors that Affect Solar Panel Costs in Jonesboro
Though the average cost of a solar system in Jonesboro is $18,386, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar energy system you need for your household, 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 nearly $2,570. The brand of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Jonesboro have solar loans, which reduce your upfront costs of installing solar panels. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect the cost. Jonesboro's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Jonesboro are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $2.67 | $11,226 | $12,531 | 11.8 years |
| 8 kW | $2.62 | $14,680 | $16,996 | 11.6 years |
| 10 kW | $2.57 | $17,990 | $21,605 | 11.4 years |
| 12 kW | $2.52 | $21,156 | $26,357 | 11.1 years |
| 14 kW | $2.47 | $24,179 | $31,254 | 10.9 years |
| 16 kW | $2.42 | $27,057 | $36,294 | 10.7 years |
| 18 kW | $2.36 | $29,791 | $41,479 | 10.5 years |
| 20 kW | $2.31 | $32,382 | $46,807 | 10.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
- Installation Process: When making the switch to solar power, it's necessary to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Jonesboro, LA Solar Cost FAQs
How much does it cost to install solar panels in Jonesboro?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,850 for a 5-kW system and $25,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 buy 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.