Solar Panel Cost Guide in Alexander, AR (2024 Update)

  • Alexander Solar Installation Cost: $20,518
  • 25-Year Savings: $20,984
  • Payback Period: 14.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Alexander

Find out what the average cost of solar panel installation is in Alexander.

In Alexander, solar panels cost about 3 per watt on average.The average Alexander homeowner needs a 8.4-kilowatt system, which would cost about $20,518 with the federal tax credit, or $29,341 before the 0 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 what size system you need, your energy consumption and what installation company you go with.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Alexander see about $16,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a vetted solar installer in Alexander that can help you get a more accurate cost estimate for your home.

Solar savings over time in Alexander

Year Return on Investment
1 years $-19,062
3 years $-16,150
5 years $-13,238
7 years $-10,326
9 years $-7,414
11 years $-4,502
13 years $-1,590
15 years $1,322
17 years $4,235
19 years $7,147
21 years $10,059
23 years $12,971
25 years $15,883

Top Solar Installers in Alexander

Trying to install solar panels yourself can be a time-consuming undertaking, 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 use, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.

If you’d like to go solar but still aren’t certain which solar installer to go with, here are our suggestions for providers in Alexander:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Alexander

Factors that Affect Solar Panel Costs in Alexander

There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. 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 brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Many homeowners find the average cost of solar in Alexander to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.Though solar loans make switching to solar energy more accessible for Alexander homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Alexander is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services for different budgets.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.63 $15,244 $10,414 14.9 years
8 kW $3.56 $19,935 $14,277 14.6 years
10 kW $3.49 $24,430 $18,334 14.3 years
12 kW $3.42 $28,730 $22,588 14.0 years
14 kW $3.35 $32,834 $27,036 13.7 years
16 kW $3.28 $36,743 $31,680 13.4 years
18 kW $3.21 $40,456 $36,520 13.1 years
20 kW $3.14 $43,974 $41,555 12.9 years

How to Save on Solar Panels

There are many companies to choose from in Alexander, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:

  • Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
  • Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
  • Solar Panel Brands: The brand of solar panel you’d like to install plays a part in which installer you should go with, since different companies have access to different panels.
  • Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Alexander, AR Solar Cost FAQs

What is the average cost of installing solar panels in Alexander?

This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Are solar panels free in Alexander?

You can’t get solar panels for free in Alexander. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.

How will having solar panels impact how much my home is worth?

Solar panels can increase the value of your home 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% with a solar installation."

What solar power system size is right for 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 install between 20 and 35 panels to account for 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.

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