Solar Panel Cost Guide in Wynne, AR (2024 Update)
- Wynne Solar Installation Cost: $20,573
- 25-Year Savings: $22,346
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Wynne
We break down average solar pricing in Wynne.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wynne, the average cost of a solar system is 3 per watt.Since a 8.4-kW system is needed to cover the energy usage of a typical home in Wynne, the average price of going solar will be about $20,573 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Wynne homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a sound investment. The average homeowner in Wynne can save about $17,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Wynne for a quote for your home.
Solar savings over time in Wynne
| Year | Return on Investment |
|---|---|
| 1 years | $-19,117 |
| 3 years | $-16,205 |
| 5 years | $-13,293 |
| 7 years | $-10,381 |
| 9 years | $-7,469 |
| 11 years | $-4,557 |
| 13 years | $-1,644 |
| 15 years | $1,268 |
| 17 years | $4,180 |
| 19 years | $7,092 |
| 21 years | $10,004 |
| 23 years | $12,916 |
| 25 years | $15,828 |
Top Solar Installers in Wynne
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with a solar company can make your swap to solar power much easier. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can take care of your solar installation project. 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 Wynne
Factors that Affect Solar Panel Costs in Wynne
There are many criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,490. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Wynne homeowners decide to finance their solar panel systems to offset upfront costs.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can play a part in determining your pricing. Wynne’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Wynne have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,344 | 14.3 years |
| 8 kW | $3.56 | $19,935 | $15,517 | 14.1 years |
| 10 kW | $3.49 | $24,430 | $19,884 | 13.8 years |
| 12 kW | $3.42 | $28,730 | $24,448 | 13.5 years |
| 14 kW | $3.35 | $32,834 | $29,206 | 13.2 years |
| 16 kW | $3.28 | $36,743 | $34,160 | 13.0 years |
| 18 kW | $3.21 | $40,456 | $39,310 | 12.7 years |
| 20 kW | $3.14 | $43,974 | $44,655 | 12.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Contract: Look through the contract terms carefully to make sure you understand the overall cost, project completion timeline incentives and warranties.
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 Wynne, AR Solar Cost FAQs
What is the average cost of installing solar panels in Wynne?
The average cost of solar panels in Wynne is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Wynne?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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 install between 20 and 35 panels to account for 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.