Arkansas gets plenty of sunshine but, no matter what the weather is like, solar energy can still help to cut your energy bills. Even on cloudy days, your solar panels will produce some electricity. Of course, the more sun they receive, the more power they create—and that means a lower monthly cost for you. Plus, solar energy is better for the planet!
Incentives in Arkansas
Once you've found a solar system for your home that meets your needs and budget, it's time to get started. Let's take a look at some of the incentives available for installing solar panels in Arkansas.
The 30% Federal Tax Credit
The Federal Government provides a tax credit of 30% for residential solar energy systems. This means you will receive a 30% discount off the system's total cost, which includes all labor, materials, and permits. However, there are certain conditions:
- The solar energy system must be installed before 2032
- The solar energy system must be in a residential location
- You must own the solar energy system, rather than lease it
Net Metering in Arkansas
Arkansas's net metering regulations are some of the best and consumers are reimbursed for any surplus energy used at the full retail rate. When you use net metering, whatever kilowatt-hours (kWh) your solar panel system generates and transmits to the grid will be deducted from the kWh your utility company supplies to you.
Your utility firm will give you a Net Excess Generation (NEG) credit if you produce as much energy as you need from the grid. During the months when your solar energy output is lower than your energy demand, you can use these NEG credits to reduce your energy costs. If your credit isn't all used within 24 months, you have the option of having your utility company buy it back from you.
What Is the Cost of Installing Solar Panels?
The cost of installing solar panels will depend on the size of your home and the system you choose. Our helpful team will be happy to arrange a free quote and explain the financing options we offer as well as any incentives.
Get Started With Solar Power Today!
We have installed many solar panels in Arkansas. Speak to a specialist from our team today to find out if installing solar panels could help you!
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