Although arkansas does not have a renewable portfolio standard rps it is developing policies and offering rebates as it progresses toward a greener energy standard.
Arkansas solar panels for home.
Net metered systems can be up to 25 kw large for home solar in arkansas.
Whether you purchase a full size system or a smaller one you ll barely break even after 25 years.
Sadly in this situation only the wealthy can get wealthier.
As of sep 2020 the average cost of solar panels in arkansas is 2 63 per watt making a typical 6000 watt 6 kw solar system 11 677 after claiming the 26 federal solar tax credit now available.
Utilities give residential solar three year grace period and 20 year grandfather clause.
The only way to make a solar energy system a solid financial investment is to purchase such a system outright but that will initially set you back over 21 000.
In 2019 arkansas has 144 28 mws of solar capacity installed enough to power more than 17 000 homes.
In 2019 the arkansas legislature also allowed solar leasing to be available opening up more options for you to go solar.
Solar panel cost in arkansas.
Arkansas is one of the few states where paying for solar panels with loan funds is not profitable.
Solar panel cost data arkansas 2020.
Then charge full retail rates for the power used by solar homeowners at night.
Say goodbye to your energy billno money down100 financingreceive up to 26 000 in tax credits schedule your free consultation today call text or email 501 263 8489 info arkansassolarpanels com request a consultation.
The roi for solar panels in arkansas.
This is higher than the average price of residential solar power systems across the united states which is currently 2 53 per watt.
The average cost for an installed residential solar system in arkansas is currently 11 677 after claiming the 26 federal solar tax credit.