Solar Panel Cost Guide in Conway, AR (2024 Update)
- Conway Solar Installation Cost: $20,705
- 25-Year Savings: $17,488
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Conway
Find out what the average cost of a solar system is in Conway.
The average cost of a solar system in Conway is 3 per watt.The average solar panel system size in Conway is around 8.5 kilowatts, meaning a cost of about $20,705 for a solar installation, or $29,608 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Conway homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a fruitful investment. The average homeowner in Conway can save around $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a personalized estimate.
Solar savings over time in Conway
| Year | Return on Investment |
|---|---|
| 1 years | $-19,249 |
| 3 years | $-16,337 |
| 5 years | $-13,425 |
| 7 years | $-10,513 |
| 9 years | $-7,601 |
| 11 years | $-4,689 |
| 13 years | $-1,777 |
| 15 years | $1,136 |
| 17 years | $4,048 |
| 19 years | $6,960 |
| 21 years | $9,872 |
| 23 years | $12,784 |
| 25 years | $15,696 |
Top Solar Installers in Conway
When making the switch to solar, many homeowners opt to hire a solar installation company since overseeing your solar installation yourself can be a time-consuming project. The payback period of solar panels will vary depending on factors like your location and energy consumption, but going with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you’d like to go solar but still aren’t certain which solar panel installer to go with, here are our suggestions for providers in Conway:
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 Conway
Factors that Affect Solar Panel Costs in Conway
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Conway: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
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, your total will most likely increase by about $3,490. The brand and kind of equipment you choose for your solar system can raise or lower 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Conway, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.While solar loans make going solar more accessible for Conway homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating in Conway, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $7,804 | 16.5 years |
| 8 kW | $3.56 | $19,935 | $10,796 | 16.2 years |
| 10 kW | $3.49 | $24,430 | $13,983 | 15.9 years |
| 12 kW | $3.42 | $28,730 | $17,367 | 15.6 years |
| 14 kW | $3.35 | $32,834 | $20,945 | 15.3 years |
| 16 kW | $3.28 | $36,743 | $24,719 | 14.9 years |
| 18 kW | $3.21 | $40,456 | $28,688 | 14.6 years |
| 20 kW | $3.14 | $43,974 | $32,853 | 14.3 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Conway, AR Solar Cost FAQs
How much does it cost to install solar panels in Conway?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Conway?
A solar panel system isn’t free in Conway, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Conway?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Conway?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.