Solar Panel Cost Guide in Pea Ridge, WV (2024 Update)
- Pea Ridge Solar Installation Cost: $26,111
- 25-Year Savings: $28,555
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Pea Ridge
Find out what the average cost of installing solar panels is in Pea Ridge.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pea Ridge, the typical cost of a solar system is 3 per watt.Using this figure, a typical 11.0-kW system would cost about $26,111 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs may vary based on factors unique to your home and what company you go with.For many homeowners, the upfront investment in solar panels is worth paying. On average Pea Ridge homeowners see about $17,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Pea Ridge that can help you get a more accurate cost estimate for your home.
Solar savings over time in Pea Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-24,485 |
| 3 years | $-21,234 |
| 5 years | $-17,982 |
| 7 years | $-14,731 |
| 9 years | $-11,480 |
| 11 years | $-8,228 |
| 13 years | $-4,977 |
| 15 years | $-1,726 |
| 17 years | $1,526 |
| 19 years | $4,777 |
| 21 years | $8,028 |
| 23 years | $11,280 |
| 25 years | $14,531 |
Top Solar Installers in Pea Ridge
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make converting to solar power much easier. The payback period on a solar system will vary depending on factors like your roof configuration and energy needs, but going with a solar installer can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
If you're looking for a solar company in Pea Ridge, the EcoWatch team has put together a list of our top suggestions here:
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
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Pea Ridge: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, 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 nearly $3,390. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just 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 Pea Ridge homeowners choose to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can influence the cost. Pea Ridge’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have 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 | $3.53 | $14,808 | $11,851 | 13.9 years |
| 8 kW | $3.46 | $19,364 | $16,181 | 13.6 years |
| 10 kW | $3.39 | $23,730 | $20,701 | 13.4 years |
| 12 kW | $3.32 | $27,906 | $25,411 | 13.1 years |
| 14 kW | $3.25 | $31,893 | $30,311 | 12.8 years |
| 16 kW | $3.19 | $35,690 | $35,400 | 12.6 years |
| 18 kW | $3.12 | $39,297 | $40,679 | 12.3 years |
| 20 kW | $3.05 | $42,714 | $46,149 | 12.0 years |
How to Save on Solar Panels
There are many 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:
- Warranty: If you’re concerned about the endurance of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should opt for, since different companies have different panels.
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, WV Solar Cost FAQs
What is the average cost of installing solar panels in Pea Ridge?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,950 for a 5-kW system and $33,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Pea Ridge?
Leasing solar panels can be an appealing choice, as it often 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Pea Ridge?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you 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 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.