If you decide to go solar in Arkansas, do it the smart way – research the Arkansas solar incentives available to you. And we’ve just prepared the list.
The US government wants more people to go solar: it’s a modern and green way of getting energy. This is why the Solar Investment Tax Credit (ITC) program was developed. It allows American citizens to claim 30% of the cost of their installation as an income tax deduction. The cost here is not only solar panels, but also shipping, installation expenses and more. For example, if your system overall made you spend $10,000, the government returns you $3,000. To claim the ITC, complete all the necessary forms and submit them when filing your taxes.
Solar laws in Arkansas allow customers of investor-owned utilities and electric cooperatives to join net metering programs. This gives residential solar owners an opportunity to put the excess electricity into the utility grid instead of storing it with batteries.
When you sell your solar power back, you receive credits that can be used to offset your next bills. In Arkansas their value is equal to full retail electricity price. If you have unused credits at the end of the calendar year, you may choose to roll them over indefinitely or receive a payment after two years of accumulation. The payment amount will be calculated according to avoided cost rates determined by utilities. You may also request a payout upon leaving the net metering program, transfering your system to another person or leaving the utility company.
A solar easement contract is a written agreement between you and another party, for example, your neighbor. This type of contract helps to ensure that your PV system will always have adequate sun exposure, protecting you from potential obstacles. It is voluntary, but can not be canceled unless a specific clause is included in the document. Once signed, it is tied to the land, not the owner. Any such agreement must be created in written form and must meet the general requirements for legal contracts.
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Years of experience in translation and a love of nature help Julia find the right words to encourage going solar. She joined the team in 2023 and is happy to make her contribution to a greener future.
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