Solar Panel Cost Guide in Pea Ridge, AR (2024 Update)
- Pea Ridge Solar Installation Cost: $20,937
- 25-Year Savings: $20,504
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Pea Ridge
We break down average solar pricing in Pea Ridge.
While the national average of solar panels is $2.66 per watt, solar panels in Pea Ridge typically cost about 3.The average solar panel system size in Pea Ridge is around 8.6 kilowatts, meaning a cost of about $20,937 for a solar installation, or $29,940 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you want to go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $16,000 over 20 years on utility bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pea Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-19,535 |
| 3 years | $-16,731 |
| 5 years | $-13,926 |
| 7 years | $-11,121 |
| 9 years | $-8,317 |
| 11 years | $-5,512 |
| 13 years | $-2,708 |
| 15 years | $97 |
| 17 years | $2,901 |
| 19 years | $5,706 |
| 21 years | $8,510 |
| 23 years | $11,315 |
| 25 years | $14,120 |
Top Solar Installers in Pea Ridge
Putting up solar panels on your own can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. The payback period on a solar system will vary depending on factors like your location and energy usage, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Pea Ridge
Factors that Affect Solar Panel Costs in Pea Ridge
For many Pea Ridge homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Pea Ridge, with typical prices between $20,000 to $40,000. There are a number of factors that considerably 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 going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,490 per kilowatt in Pea Ridge.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Pea Ridge average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Pea Ridge, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can influence your pricing. Pea Ridge’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $9,778 | 15.2 years |
| 8 kW | $3.56 | $19,935 | $13,428 | 14.9 years |
| 10 kW | $3.49 | $24,430 | $17,274 | 14.6 years |
| 12 kW | $3.42 | $28,730 | $21,315 | 14.4 years |
| 14 kW | $3.35 | $32,834 | $25,551 | 14.1 years |
| 16 kW | $3.28 | $36,743 | $29,983 | 13.8 years |
| 18 kW | $3.21 | $40,456 | $34,610 | 13.5 years |
| 20 kW | $3.14 | $43,974 | $39,433 | 13.2 years |
How to Save on Solar Panels
There are numerous companies available in Pea Ridge, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar company. See to it that you understand how the installation process works and the completion timeline.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Make sure your solar system 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 EcoWatch.
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 Pea Ridge, AR Solar Cost FAQs
How much does it cost to install solar panels in Pea Ridge?
This is a difficult question to answer exactly, 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Pea Ridge?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Pea Ridge?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.