Solar Panel Cost Guide in Morrilton, AR (2024 Update)
- Morrilton Solar Installation Cost: $20,799
- 25-Year Savings: $22,342
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Morrilton
Let’s have a look at the average cost of solar in Morrilton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Morrilton, the typical cost of a solar system is 3 per watt.Because a 8.5-kW system is needed to cover the energy usage of a typical home in Morrilton, the average price of going solar will be about $20,799 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Morrilton can save around $17,000 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 quote.
Solar savings over time in Morrilton
| Year | Return on Investment |
|---|---|
| 1 years | $-19,343 |
| 3 years | $-16,431 |
| 5 years | $-13,519 |
| 7 years | $-10,607 |
| 9 years | $-7,695 |
| 11 years | $-4,783 |
| 13 years | $-1,870 |
| 15 years | $1,042 |
| 17 years | $3,954 |
| 19 years | $6,866 |
| 21 years | $9,778 |
| 23 years | $12,690 |
| 25 years | $15,602 |
Top Solar Installers in Morrilton
Although you can install solar panels yourself, it requires extra energy and know-how. That's one of the reasons almost all homeowners choose a solar panel installer. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some 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 Morrilton
Factors that Affect Solar Panel Costs in Morrilton
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Morrilton: 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
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Morrilton, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Morrilton homeowners decide to finance their solar panel systems to offset upfront costs.Though solar loans make going solar more accessible for Morrilton homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you select will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $11,169 | 14.4 years |
| 8 kW | $3.56 | $19,935 | $15,283 | 14.2 years |
| 10 kW | $3.49 | $24,430 | $19,592 | 13.9 years |
| 12 kW | $3.42 | $28,730 | $24,097 | 13.6 years |
| 14 kW | $3.35 | $32,834 | $28,797 | 13.3 years |
| 16 kW | $3.28 | $36,743 | $33,692 | 13.0 years |
| 18 kW | $3.21 | $40,456 | $38,784 | 12.8 years |
| 20 kW | $3.14 | $43,974 | $44,070 | 12.5 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
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 Morrilton, AR Solar Cost FAQs
What is the average cost of installing solar panels in Morrilton?
The average cost of solar panels in Morrilton 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 kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Morrilton?
Solar panels aren’t free in Morrilton, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Morrilton 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 electricity bills.
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 the amount of energy they produce will have decreased significantly after that point. You can decide 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.