Solar Panel Cost Guide in Jonesboro, AR (2024 Update)
- Jonesboro Solar Installation Cost: $20,796
- 25-Year Savings: $17,616
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Jonesboro
Let’s take a look at the average cost of solar in Jonesboro.
While the national average of solar panels is $2.66 per watt, solar panels in Jonesboro typically cost about 3.Because a 8.5-kW system is needed to cover the energy needs of a typical home in Jonesboro, the average price of going solar will be about $20,796 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Jonesboro homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the high upfront cost, the average Jonesboro homeowner can save about $15,000 on their power bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Jonesboro
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 Jonesboro
When switching to solar energy, many homeowners choose to hire a solar installation company since handling can be a time-consuming project. Companies can also provide access to quality options of the best solar panels and help you pick which one will be best for your family.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Jonesboro
Factors that Affect Solar Panel Costs in Jonesboro
For many Jonesboro homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Jonesboro, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s crucial to accurately assess 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 pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Jonesboro homeowners opt to finance their solar panel systems to make paying for solar more affordable.Though solar loans make adopting solar energy more accessible for Jonesboro homeowners, they can also raise 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
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Jonesboro, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $7,840 | 16.5 years |
8 kW | $3.56 | $19,935 | $10,844 | 16.2 years |
10 kW | $3.49 | $24,430 | $14,044 | 15.9 years |
12 kW | $3.42 | $28,730 | $17,439 | 15.6 years |
14 kW | $3.35 | $32,834 | $21,030 | 15.2 years |
16 kW | $3.28 | $36,743 | $24,816 | 14.9 years |
18 kW | $3.21 | $40,456 | $28,797 | 14.6 years |
20 kW | $3.14 | $43,974 | $32,974 | 14.3 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 brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should go with, since different companies provide different panels.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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 Jonesboro, AR Solar Cost FAQs
How much does it cost to install solar panels in Jonesboro?
This is a tough question to answer precisely, because the cost depends on many 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Jonesboro?
Solar panels aren’t free in Jonesboro, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Jonesboro have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
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 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.