Solar Panel Cost Guide in Harrison, AR (2024 Update)
- Harrison Solar Installation Cost: $20,981
- 25-Year Savings: $21,667
- Payback Period: 14.2 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 Harrison
We break down average solar pricing in Harrison.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Harrison, the average cost of solar panels is 3 per watt.Since a 8.6-kW system is needed to cover the energy needs of a typical home in Harrison, the average price of going solar will be about $20,981 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more.Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Harrison can save around $16,000 on their electricity bills over 20 years.
To get a free quote from a vetted solar installer in Harrison, you can click the button below.
Solar savings over time in Harrison
| Year | Return on Investment |
|---|---|
| 1 years | $-19,525 |
| 3 years | $-16,612 |
| 5 years | $-13,700 |
| 7 years | $-10,788 |
| 9 years | $-7,876 |
| 11 years | $-4,964 |
| 13 years | $-2,052 |
| 15 years | $860 |
| 17 years | $3,772 |
| 19 years | $6,685 |
| 21 years | $9,597 |
| 23 years | $12,509 |
| 25 years | $15,421 |
Top Solar Installers in Harrison
When making the switch to solar, many homeowners choose to go with a solar installer since installing a solar system yourself can be a difficult project. Another advantage of working with a solar installer is that they can help you optimize your ROI by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
If you’d like to make the switch to solar but still aren’t sure which solar panel company to go with, here are our suggestions for providers in Harrison:
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 Harrison
Factors that Affect Solar Panel Costs in Harrison
For many Harrison homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Harrison, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,490. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Harrison average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular option because they lower your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Harrison, and each can charge different amounts for labor and equipment.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater 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 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 | $10,561 | 14.8 years |
| 8 kW | $3.56 | $19,935 | $14,473 | 14.5 years |
| 10 kW | $3.49 | $24,430 | $18,579 | 14.2 years |
| 12 kW | $3.42 | $28,730 | $22,882 | 13.9 years |
| 14 kW | $3.35 | $32,834 | $27,379 | 13.6 years |
| 16 kW | $3.28 | $36,743 | $32,072 | 13.3 years |
| 18 kW | $3.21 | $40,456 | $36,961 | 13.1 years |
| 20 kW | $3.14 | $43,974 | $42,045 | 12.8 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 models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully 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.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
- Warranty: If you’re worried about the endurance of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Harrison, AR Solar Cost FAQs
How much does it cost to install solar panels in Harrison?
The average cost of solar panels in Harrison 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Harrison?
Leasing solar panels can be an appealing choice, because 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.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Harrison is currently $207,691, which means you can look forward to a value of about $8,515 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Harrison is a fruitful investment.
How long do solar panels last in Harrison?
On average, solar panels can last 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 higher 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.