Solar Panels in
Greenwood, AR

Updated 5/14/2022

How much do solar panels cost in Greenwood, AR in 2022?

As of May 2022, the average solar panel cost in Greenwood, AR is $2.63/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Greenwood, AR ranges in cost from $11,178 to $15,122, with the average gross price for solar in Greenwood, AR coming in at $13,150. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

Average solar panel cost by system size in Greenwood, AR

System Size System Cost System Cost (after ITC)
3 kW $7,890 $5,839
4 kW $10,520 $7,785
5 kW $13,150 $9,731
6 kW $15,780 $11,677
7 kW $18,410 $13,623
8 kW $21,040 $15,570
9 kW $23,670 $17,516
10 kW $26,300 $19,462

2022 average solar panel cost graph in Greenwood, AR

for a 5kW system

Great Price
$11,178 or less
Market Average
$13,150
Above Market
$15,122 or more
Note: Showing cost data for Sebastian County, AR.

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local AR incentives, tax credits & rebates.

Payback Period

14.62 Years

20-Year Savings

$10,092

Cost per Watt

$2.63

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