Cost of Solar Panels In Arkansas
Arkansas is rapidly becoming one of the leading solar states in the US! Blessed with plentiful sunshine and a range of financial incentives, over 70,000+ homes and businesses in the Natural State have already embraced solar energy.
But what's the cost to install solar panels in Arkansas? Dive into our detailed breakdown of solar panel costs in Arkansas below, or get a personalized solar quote for your home in just minutes!
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How Much Do Solar Panels Cost In Arkansas?
Latest figures from the solar sector indicate that in Arkansas, the typical price for solar panels ranges from $17,000 to $23,000. This cost varies based on the size of your residence and your energy consumption. Considering that the median home size in Arkansas spans about 1,900 sq ft., the average solar system cost sits at approximately $17,651 before taking into account any Arkansas solar incentives.
For a detailed breakdown based on home size, see the cost structure of solar panels in Arkansas below.
Home Size (sq ft) |
System Size |
Average Costs |
|---|---|---|
| 1,500 - 1,750 | 5 kW | $16,190 |
| 1,750 - 2,000 | 6 kW | $17,651 |
| 2,000 - 2,300 | 7 kW | $19,018 |
| 2,300 - 2,500 | 8 kW | $21,433 |
| 2,500 - 2,800 | 9 kW | $23,200 |
| 2,800 - 3,000 | 10 kW | $25,106 |
** It's important to note that these costs DO NOT include the thousands you can save by utilizing your Arkansas Solar Incentives. See which solar financial incentives you qualify for by entering your zip code below!
Enter your zip code to see which AR Solar Incentives your qualify for!
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Factors That Influence The Costs of Solar
Choosing to go solar in Arkansas is a wise move for both homeowners and business proprietors, given the substantial savings on monthly power bills and the eco-friendly benefits. However, the specific cost to set up solar panels in Arkansas is dictated by several pivotal elements. These encompass your household's energy requirements, the type of solar panels you opt for, and any extra features you might desire, such as solar batteries or more panels.
Initial costs can vary based on individual needs and choices, but the financial advantages of solar in Arkansas are hard to ignore. Many Arkansas homeowners who make the switch report reductions of 40% - 60% in their electricity bills. Moreover, for many, the investment in solar panels can recoup its value in under a decade!
Installation & Labor Costs
Setting up solar panels in Arkansas isn't solely about buying the panels. There are also associated expenses like the actual installation, obtaining necessary permits, and undergoing inspections to ensure the setup meets all requirements. These initial steps, while critical to the process, can constitute around 10% to 20% of the overall investment. Hence, they're significant in determining the complete cost of adopting solar energy in Arkansas.
The good news is, there are multiple avenues available for Arkansans to minimize these upfront solar expenses. For more insights on this, delve into our comprehensive guide on having solar panels installed in Arkansas without bearing the full brunt of the costs!
Equipment Costs
Diving into the expenses of adopting solar in Arkansas, a significant chunk, approximately 60-70%, is allocated for the core components of your solar setup. This entails the solar panels, inverters, and the mounting apparatus. These elements are the backbone of your solar solution, synergizing to provide your home or business with a consistent stream of eco-friendly, renewable energy for the foreseeable future.
Solar Taxes in Arkansas
When purchasing solar panels in Arkansas, two tax considerations come into play: the sales tax during purchase and potential property taxes due to the added value to your residence.
However, there's a bright side! Arkansas offers specific exemptions, allowing you to bypass these taxes when you invest in sustainable solar energy. Delve deeper into Arkansas's solar tax exemptions by entering your zip code below!
Enter your zip code to see which Arkansas Solar Incentives your home qualifies for!
Do I Qualify?
Please enter a zip code
Solar Incentives in Arkansas: A Bright Opportunity
Great news for those in Arkansas! The state has rolled out several financial incentives for homeowners keen on transitioning to solar energy. In a bid to amplify the adoption of clean energy, Arkansas is paving the way with these lucrative opportunities for its residents.
Wondering about the solar incentives available to you? Reach out for a solar incentive report from the specialists at EcoGen America. They'll walk you through the solar rebates and credits you qualify for, the application process, and even provide a quote for a solar panel system tailored to your home!
ROI on Solar | How Soon Do You Break Even?
Curious about the payback period for solar panels in Arkansas? You might be in for a pleasant surprise! Given Arkansas's energy rates and robust solar incentives, many homeowners see a full return on their investment in just 7-9 years. Beyond that period, your solar savings translate to pure profit. This compelling return on investment is why solar panels are gaining traction in Arkansas and why a growing number of homeowners are taking the leap into solar energy.
Solar Financing Options in Arkansas
Concerned about the initial expenses of adopting solar energy? Put those worries aside! Solar financing alternatives, such as power purchase agreements (PPAs) and other solar financing methods, are paving the way for Arkansas residents to easily transition to solar without straining their finances. Through a PPA or a solar loan, you can dive into the world of solar benefits without shelling out any upfront cash!
Interested in learning how to go solar without the immediate expense? Dive into our comprehensive guide titled "How to Get Free Solar Panels in Arkansas."
Arkansas Solar Incentives
Arkansas is rising as a solar champion with its array of solar incentives. In Arkansas, homeowners can take advantage of a 30% federal solar tax credit, while also avoiding any added taxes on the increased home value or on the purchase of the solar equipment. What's more, programs within the state reward you based on the amount of energy your solar system generates. Combining all these incentives makes the decision to go solar in Arkansas an exceedingly wise one.
Browse the complete list of Arkansas Solar Incentives here!
Transitioning to solar in Arkansas is becoming increasingly cost-effective. Leveraging these Arkansas solar incentives and available financing options, you can be part of the clean energy revolution, tapping into the sun's power and saving money along the way!
Enter your zip code below to see which AR Solar Incentives you qualify for!
Do I Qualify?
Please enter a zip code
Are Solar Panels Worth it in Arkansas?
Yes, Solar power is a smart choice for many homeowners in Arkansas, leading to significant savings on electricity bills and promoting a more eco-friendly environment. Arkansas's encouragement for solar adoption, seen through its incentives and tax breaks, means many Arkansans recoup their solar investment in just 7-9 years. Beyond that? Those solar panels continue to deliver, providing nearly free electricity for another 20-30 years or even longer. Envision decades of reduced electric bills paired with sustainable, green energy!
Read Also: The Pros & Cons of Solar Panels in Arkansas.
Embarking on your solar journey can be both straightforward and exciting, especially with the right guidance. In a matter of minutes, you can obtain a free quote tailored to your solar needs. This includes a comprehensive virtual analysis of your home, a rundown of available Arkansas solar incentives, and an estimated savings from solar. Start your exploration now, with absolutely no commitment required. Join the growing number of Arkansans reaping the advantages of solar energy, today!
Make the switch to solar and start saving in Arkansas!
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