Solar Panel Cost Guide in Pea Ridge, WV (2023 Update)
- Pea Ridge Solar Installation Cost: $20,334
- 25-Year Savings: $28,555
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pea Ridge
Let's take a look at the average cost of solar panels 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 2.64 per watt. The average solar panel system size in Pea Ridge is around 11.0 kilowatts, meaning a cost of about $20,328 for a solar installation, or $29,069 before the 30% federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will look different based on the amount of energy your home requires and what company you choose to go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Pea Ridge can save about $17,000 on their electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Pea Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-20,171 |
| 3 years | $-19,845 |
| 5 years | $-19,519 |
| 7 years | $-19,193 |
| 9 years | $-18,867 |
| 11 years | $-18,541 |
| 13 years | $-18,215 |
| 15 years | $-17,889 |
| 17 years | $-17,564 |
| 19 years | $-17,238 |
| 21 years | $-16,912 |
| 23 years | $-16,586 |
| 25 years | $-16,260 |
Top Solar Installers in Pea Ridge
Trying to put up solar panels by yourself can be a time-consuming undertaking, which is why hiring a solar installation company is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Pea Ridge
Factors that Affect Solar Panel Costs in Pea Ridge
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average 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
When it comes to estimating the price of a solar system in Pea Ridge, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,640 for each additional kilowatt you need. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Pea Ridge homeowners decide to finance their solar panel systems to make going solar more affordable. Though solar loans make switching to solar energy more accessible for Pea Ridge homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Pea Ridge, and each can charge different amounts for labor and 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 cost more. It's best to do some research and go with the company that provides the products, warranties and services you want and also fits 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 | $2.75 | $11,532 | $15,127 | 10.8 years |
| 8 kW | $2.69 | $15,080 | $20,465 | 10.6 years |
| 10 kW | $2.64 | $18,480 | $25,951 | 10.4 years |
| 12 kW | $2.59 | $21,732 | $31,585 | 10.2 years |
| 14 kW | $2.53 | $24,837 | $37,367 | 10.0 years |
| 16 kW | $2.48 | $27,794 | $43,296 | 9.8 years |
| 18 kW | $2.43 | $30,603 | $49,373 | 9.6 years |
| 20 kW | $2.38 | $33,264 | $55,599 | 9.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: If you're worried about the longevity of your solar system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
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 Pea Ridge, WV 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 many factors. Generally speaking, it costs about $13,200 for a 5-kW system and $26,400 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Pea Ridge?
Solar panels aren't free in Pea Ridge, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your property value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Pea Ridge?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.