Solar Panel Cost Guide in Centerton, AR (2024 Update)
- Centerton Solar Installation Cost: $20,937
- 25-Year Savings: $21,989
- Payback Period: 14.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Centerton
Find out what the average cost of solar panels are in Centerton.
The national average cost of solar panels is $2.66 per watt, but in Centerton it’s 3 per watt.Because a 8.6-kW system is needed to cover the energy costs of a typical home in Centerton, the average price of going solar will be about $20,937 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy usage and what solar installer you go with.Even with the high upfront cost, the average Centerton homeowner can save about $17,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a top solar installer in Centerton, you can click the button below.
Solar savings over time in Centerton
| Year | Return on Investment |
|---|---|
| 1 years | $-19,389 |
| 3 years | $-16,292 |
| 5 years | $-13,195 |
| 7 years | $-10,098 |
| 9 years | $-7,001 |
| 11 years | $-3,903 |
| 13 years | $-806 |
| 15 years | $2,291 |
| 17 years | $5,388 |
| 19 years | $8,485 |
| 21 years | $11,582 |
| 23 years | $14,679 |
| 25 years | $17,776 |
Top Solar Installers in Centerton
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be a labor-intensive endeavor. Companies can also offer access to quality options of the best solar panels and help you choose which one will be best for your family.
If you're searching for a solar company in Centerton, the EcoWatch team has organized a list of our top suggestions here:
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 Centerton
Factors that Affect Solar Panel Costs in Centerton
The cost of installing a solar system in Centerton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
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 ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your total costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating in Centerton, and each can charge varying amounts for labor and equipment.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $10,818 | 14.6 years |
| 8 kW | $3.56 | $19,935 | $14,815 | 14.3 years |
| 10 kW | $3.49 | $24,430 | $19,007 | 14.1 years |
| 12 kW | $3.42 | $28,730 | $23,395 | 13.8 years |
| 14 kW | $3.35 | $32,834 | $27,978 | 13.5 years |
| 16 kW | $3.28 | $36,743 | $32,757 | 13.2 years |
| 18 kW | $3.21 | $40,456 | $37,731 | 12.9 years |
| 20 kW | $3.14 | $43,974 | $42,900 | 12.7 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Before you sign a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated 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 positive reviews from past customers.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
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 Centerton, AR Solar Cost FAQs
What is the average cost of installing solar panels in Centerton?
The average cost of solar panels in Centerton 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 certain factors such as 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 Centerton?
Leasing solar panels can be an appealing 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 maximize your savings.
How will solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Centerton is currently $321,009, so you could be looking at a value of about $13,161 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Centerton is a worthwhile investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much 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.