Arkansas Solar Information

Arkansas isn't a bad state for solar but far from the strongest. There is a state tax credit that reduces your income tax. Along with basically wiping out your state income tax although not required by the state the three major utilities servicing all of Arkansas offer net metering. As always in Arkansas you are entitled to the 30% federal tax credit.

№25

Arkansas ranks in America for savings from installing solar panels on
6017.03 kWh

AC Energy output every year in Arkansas in 4 kW system
5.21 kWh

Solar Radiation (kWh / m2 / day)
10 ¢ /kWh

The cost of electricity today in Entergy Arkansas Inc
20 ¢ /kWh

If you don't get solar. The forecast average utility price over the next 25 years

Arkansas Solar Facts

$1.34
Average cost of a 4kw solar power system in 2019.
5 years
Average system payback period.
$41 562
Average lifetime savings.
4 ¢ /kWh
Levelized cost of solar energy.
5 kW
Recommended system size.

Choose relevant panels Calculate your system

How much do solar panels cost in Arkansas
$1.34 per watt

Cash purchased solar system

Before 30% solar tax credit
$5 648 total

Estimated system cost

Before 30% solar tax credit
5 years

Average system payback period

Solar power in Arkansas on rooftops can provide 33.3% of all electricity used in Arkansas from 12,200 MW of solar panels.

Net metering is available to all residential consumers up to 25 kW and 300 kW for non-residential users, but is lost once a year at the end of the 12 month billing cycle, which needs to be in the spring to avoid losing excess summer generation. IREC best practices, based on experience, recommends no limits to net metering, individual or aggregate, and perpetual roll over of kWh credits. A rebate program is available for systems up to 25 kW that pays $1.50/kWh generated during the first year of operation. A 5 kW system, costing $17,500 after receiving a 30% federal tax credit, would produce about 6484 kWh/year, providing a rebate of approximately $9,726. The federal tax credit is available through 2021. In 2010 the Fayetteville Public Library installed a 13.5 kW solar array, and received a rebate for the 20,547 kWh generated of $30,821.10.

The largest company in Arkansas, and occasionally the world, set a goal in 2005 of being powered 100% by renewable energy. By April 2012 they were generating 4% locally, mainly from rooftop solar panels, and overall using 22% renewable energy.

Tell us how much you are spending on electricity and we’ll calcalute how much you can save if you get solar

kWH

$ per kWH

According to Entergy Arkansas Inc, we received the cost of kWH in your area and calculated energy consumption based on an average electricity bill for 3 months.

I am claiming the 30% Federal Tax Credit (ends 2019) i

When you install your solar system, 30% of your project expenses apply toward a credit to offset any taxes you owe that year. This federal tax credit is a major incentive to go solar, but it is being phased out by 2022.

Most people are eligible to claim this credit (you must owe federal taxes to be eligible).

System size

4.2 kW medium system size

Provides up to 80% of electricity consumption

$1.34 per watt

Average system cost

13 x 325 watt

solar panels
+
13 x 300 watt

microinverter
+
1 x 5 000 watt

inverter

$74.11 / month

Estimated savings on your average quarterly bill

$5 647.75

Estimated system cost
Excludes 30% Federal Tax Credit.
This price does not include the installation cost.
5 years

Average system payback period
$41 561.80

Estimated utility savings

Example of 4 kW system calculation in Minnesota for electricity bill $100

10 ¢ /kWh

The cost of electricity today in Entergy Arkansas Inc
20 ¢ /kWh

If you don't get solar. The forecast average utility price over the next 25 years
4 ¢ /kWh

levelized cost of solar energy