Solar Panel Cost Guide in Brookland, AR (2024 Update)
- Brookland Solar Installation Cost: $20,796
- 25-Year Savings: $19,133
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Brookland
Let’s have a look at the average cost of solar panels in Brookland.
Although the national average of solar panels is $2.66 per watt, solar panels in Brookland typically cost about 3.Using this figure, a typical 8.5-kW system would cost about $20,796 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Brookland can save about $15,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Brookland
| Year | Return on Investment |
|---|---|
| 1 years | $-19,340 |
| 3 years | $-16,428 |
| 5 years | $-13,516 |
| 7 years | $-10,604 |
| 9 years | $-7,692 |
| 11 years | $-4,779 |
| 13 years | $-1,867 |
| 15 years | $1,045 |
| 17 years | $3,957 |
| 19 years | $6,869 |
| 21 years | $9,781 |
| 23 years | $12,693 |
| 25 years | $15,605 |
Top Solar Installers in Brookland
Trying to install solar panels on your own can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Some solar companies, especially local ones, can help you take advantage of incentives in Brookland, thereby optimizing your ROI.
If you’d like to make the switch to solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers in Brookland:
Best National Provider
SunPower
- 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
- 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 Brookland
Factors that Affect Solar Panel Costs in Brookland
While the average cost of a solar system in Brookland is $20,796, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,490. The brand and kind of equipment you choose 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 limited roof space 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 extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over five to seven years on average.Although solar loans make adopting solar energy more accessible for Brookland 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact how much you pay. Brookland’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Brookland have more knowledge about local solar incentives and can help you take advantage of 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 | $3.63 | $15,244 | $8,909 | 15.8 years |
| 8 kW | $3.56 | $19,935 | $12,270 | 15.5 years |
| 10 kW | $3.49 | $24,430 | $15,826 | 15.2 years |
| 12 kW | $3.42 | $28,730 | $19,577 | 14.9 years |
| 14 kW | $3.35 | $32,834 | $23,524 | 14.6 years |
| 16 kW | $3.28 | $36,743 | $27,667 | 14.3 years |
| 18 kW | $3.21 | $40,456 | $32,005 | 14.0 years |
| 20 kW | $3.14 | $43,974 | $36,538 | 13.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of 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 good reviews from past customers.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
Best National Provider
SunPower
- 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
- 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 Brookland, AR Solar Cost FAQs
What is the average cost of installing solar panels in Brookland?
The average cost of solar panels in Brookland is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Brookland?
Leasing solar panels can be an attractive choice, as it often 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $805.12 per year.
What solar power system size is right for 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 typically 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.