Solar Panels Arkansas Cost

Don t worry even without state incentives you can still knock a big chunk off the price right off the bat.

Solar panels arkansas cost.

Installing a typical 10 4kw solar system should start at about 33 000. When electricity is cheap there is less incentive for homeowners to install solar projects. Here s how the numbers pencil out for an arkansas solar purchase with an average sized 10 4 kw rooftop solar system. A typical 6kw system costs 11 330 after claiming the 26 solar tax credit.

At 0 10 per kwh for residential and 0 085 per kwh for commercial electricity in arkansas costs over 0 02 per kwh less than the national averages. Entergy arkansas purchases 81 mw of solar energy from stuttgart solar llc a subsidiary of nextera energy resources at a solar facility near stuttgart and will purchase another 100 mw of solar energy from nextera s chicot solar project at lake village when the plant comes online in 2020. 10 best solar companies in little rock 2020 updated. Get the best deal.

Your solar power system will almost pay for itself at the end of the full 25 years. The average cost for an installed residential solar system in arkansas is currently 11 677 after claiming the 26 federal solar tax credit. This is higher than the average price of residential solar power systems across the united states which is currently 2 53 per watt. Compare the prices and reputations of solar installers solar panel manufacturers and other solar energy companies servicing little rock.

Your property will also increase in value and so will your net worth. You can expect to get the return on your investment in around 18 years. Arkansas wind and solar reviews and complaints reviews of the brands of solar panels they sell their locations and the cost of installations reported to us for 2020. Let s say you install a 2kw rooftop solar panel system for about 9 500 and you pay for it with a heloc at 5 interest over 15 years.

If you consider that you will save more than 600 per year initially your net cost for year one is around 14 000. Solar panel cost in arkansas. You ll get your 30 federal tax credit the first year so you won t feel a major pinch at any time. The average cost of installed residential solar power systems is currently 2 55 per watt.