Arkansas Solar Panels For Home

In 2019 arkansas has 144 28 mws of solar capacity installed enough to power more than 17 000 homes.

Arkansas solar panels for home.

The roi for solar panels in arkansas. This is 2 63 per watt. Arkansas is one of the few states where paying for solar panels with loan funds is not profitable. Utilities give residential solar three year grace period and 20 year grandfather clause.

In 2019 the arkansas legislature also allowed solar leasing to be available opening up more options for you to go solar. Sadly in this situation only the wealthy can get wealthier. Solar panel cost data arkansas 2020. 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.

Solar panel cost 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. Whether you purchase a full size system or a smaller one you ll barely break even after 25 years. Then charge full retail rates for the power used by solar homeowners at night.

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. The average cost for an installed residential solar system in arkansas is currently 11 677 after claiming the 26 federal solar tax credit. Arkansas passed act 464 which will allow the utilities to credit wholesale rates for power supplied to the grid by residential solar during the day. That s about 80 panels way more than enough to cover your electricity needs even if you re housing a few families and several wandering souls.