Solar Panel Cost Guide in Pea Ridge, WV (2024 Update)
- Pea Ridge Solar Installation Cost: $26,111
- 25-Year Savings: $28,555
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Pea Ridge
Find out what the average cost of installing solar panels is in Pea Ridge.
While the national average of solar panels is $2.66 per watt, solar panels in Pea Ridge typically cost about 3.Using this figure, a typical 11.0-kW system would cost about $26,111 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Pea Ridge can save about $17,000 on their power bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Pea Ridge for a personalized estimate.
Solar savings over time in Pea Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-24,485 |
| 3 years | $-21,234 |
| 5 years | $-17,982 |
| 7 years | $-14,731 |
| 9 years | $-11,480 |
| 11 years | $-8,228 |
| 13 years | $-4,977 |
| 15 years | $-1,726 |
| 17 years | $1,526 |
| 19 years | $4,777 |
| 21 years | $8,028 |
| 23 years | $11,280 |
| 25 years | $14,531 |
Top Solar Installers in Pea Ridge
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar panel installer can make switching to solar power much easier. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
There are a number of criteria that can play into your 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
When it comes to estimating the cost of solar panels 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 primarily based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by around $3,390 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Pea Ridge, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Pea Ridge, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Pea Ridge, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.53 | $14,808 | $11,851 | 13.9 years |
| 8 kW | $3.46 | $19,364 | $16,181 | 13.6 years |
| 10 kW | $3.39 | $23,730 | $20,701 | 13.4 years |
| 12 kW | $3.32 | $27,906 | $25,411 | 13.1 years |
| 14 kW | $3.25 | $31,893 | $30,311 | 12.8 years |
| 16 kW | $3.19 | $35,690 | $35,400 | 12.6 years |
| 18 kW | $3.12 | $39,297 | $40,679 | 12.3 years |
| 20 kW | $3.05 | $42,714 | $46,149 | 12.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you’re concerned about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- 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 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.
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 a variety of factors. Generally speaking, it costs about $16,950 for a 5-kW system and $33,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Pea Ridge?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Pea Ridge?
Solar panels can be a fruitful investment for lots of 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 reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out how many solar panels 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 house 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.