Over 3,700 homeowners in Arkansas have used EnergySage to receive & compare solar panel installation quotes!
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Solar installation costs do not include the 30% federal investment tax credit or local incentives.
Solar is growing in Arkansas, both in small-scale residential systems and larger utility-scale arrays. As prices for solar continue to fall and the economics of solar keep getting better, residents in the Natural State will only continue to be able to take advantage of the benefits of solar energy.
Arkansas' average cost of a solar panel installation ranges from $12,708 to $17,192. On a cost per watt ($/W) basis, a solar panel installation in Arkansas ranges in price from $2.54 to $3.44.
Another calculation that potential solar buyers have to consider is the solar payback period. This term tells us as at what time you will recover your initial investment through electricity savings from your solar system. For Arkansas, the average solar payback period is 12.91 years.
Another choice that solar shoppers have to face is how to pay for a solar panel system. Fortunately, there are many financial options available to ensure the customer can afford installations. Cash purchases are one common method to pay for solar and often lead to the most long-term value for your money. If an upfront purchase isn’t right for you, solar loans and solar lease/PPAs are available to help finance a solar energy system.
For property owners, you now can customize your solar panels, inverters, racking systems, and batteries, as well as the general aesthetic of the installation. This customizability has made it important for solar consumers to understand these various factors. For example, the best solar panels available may have premium efficiencies and warranties, but will typically be more costly. However, depending on the size of the installation, you’ll need to determine whether high-efficiency solar panels that can produce more electricity are worthwhile. Also, your appetite for risk can help determine which solar warranties best fit your needs. These are just a few of the many factors to consider when selecting solar panel equipment.
Aside from the power output of the solar equipment you choose to install, the amount of energy you generate with solar panels in Arizona is directly related to the amount of sunlight that hits your panels. Arizona is one of the sunniest states in the U.S.; therefore, a solar panel installation in the state will likely produce more energy annually than a system of the same size installed elsewhere, such as in the Northeast.
There are additional factors that determine how much solar electricity you can produce. These include shading and panel angle, which are used to calculate your total production estimate. a prediction of how much energy your solar installation will produce over time. This evaluation offers a clear estimate of how much energy your solar installation will produce. You can see how much solar panels can save you based on factors like geographic location and shading by using the EnergySage Solar Calculator – the calculator will take into account site-specific conditions like shade and geography.
Solar incentives in Arkansas can help you reduce the overall price of going solar. Learn more about why solar panels are such a great investment in Arkansas.
Learn about solar incentives in ARThe federal investment tax credit, now referred to as the Residential Clean Energy Credit for residential systems, has been one of the most reliable and impactful incentives for solar across the U.S. This solar incentive allows you to deduct 30 percent of the total system cost from your federal taxes. For example, a solar energy system installation that costs $15,000 out of pocket will qualify for a tax deduction of $4,500. For residential systems, this advantageous incentive lasts until the end of 2032 at which point it steps down to 26 percent. The federal ITC drops to 22 percent in 2034 and is eliminated for residential solar installations in 2035. Commercial systems are eligible at least through 2024, but may not be eligible for the full 30 percent depending on certain labor and domestic manufacturing requirements; they also may be eligible for specific ITC adders.
Outside of the federal ITC, Arkansas residents are able to take advantage of net metering, which allows you to sell any excess solar electricity you generate back to the grid in exchange for credits. To learn more about the financial incentives available for solar installations in AR, check out the complete overview of the state’s best solar incentives.
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