Solar Panel Cost Guide in Maumelle, AR (2024 Update)
- Maumelle Solar Installation Cost: $20,489
- 25-Year Savings: $15,912
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Maumelle
We go over average solar pricing in Maumelle.
The national average cost of solar panels is $2.66 per watt, but in Maumelle it’s 3 per watt.The average solar panel system size in Maumelle is around 8.4 kilowatts, meaning a cost of about $20,489 for a solar installation, or $29,299 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may vary based on your specific situation and what company you want to go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Maumelle can save about $17,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar panel company in Maumelle for a custom estimate.
Solar savings over time in Maumelle
| Year | Return on Investment |
|---|---|
| 1 years | $-19,033 |
| 3 years | $-16,121 |
| 5 years | $-13,209 |
| 7 years | $-10,297 |
| 9 years | $-7,385 |
| 11 years | $-4,473 |
| 13 years | $-1,561 |
| 15 years | $1,351 |
| 17 years | $4,264 |
| 19 years | $7,176 |
| 21 years | $10,088 |
| 23 years | $13,000 |
| 25 years | $15,912 |
Top Solar Installers in Maumelle
Trying to install solar panels yourself can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
If you’d like to start using solar energy but still aren’t certain which solar panel installer to go with, here are our recommendations for providers nearby:
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 Maumelle
Factors that Affect Solar Panel Costs in Maumelle
For many Maumelle homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Maumelle, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,490 per kilowatt in Maumelle.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Maumelle, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
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 Maumelle homeowners opt to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies operating in Maumelle, and each can charge varying amounts 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 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 | $12,107 | 13.9 years |
| 8 kW | $3.56 | $19,935 | $16,533 | 13.7 years |
| 10 kW | $3.49 | $24,430 | $21,155 | 13.4 years |
| 12 kW | $3.42 | $28,730 | $25,972 | 13.1 years |
| 14 kW | $3.35 | $32,834 | $30,985 | 12.9 years |
| 16 kW | $3.28 | $36,743 | $36,193 | 12.6 years |
| 18 kW | $3.21 | $40,456 | $41,596 | 12.3 years |
| 20 kW | $3.14 | $43,974 | $47,196 | 12.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Reputation: Make sure your solar panel installer has a good reputation by confirming 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.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Maumelle, AR Solar Cost FAQs
How much does it cost to install solar panels in Maumelle?
This is a tough question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Maumelle?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside 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 option if you want to maximize your savings.
How much can I save on electricity bills after switching to solar?
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 $911.70 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.