Solar Panels Cost 12k-23k in Benton, AR | October, 2024

Solar Panels Cost $12k-$23k in Benton, AR | October, 2024

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How much do solar panels cost in Benton, AR in 2024?

Getting solar panels installed in October, 2024 in Benton, AR is around $3.67/W.

So, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,670 to get your system installed in . After receiving the 30% federal tax credit, a 5 kW system in Benton sets you back $12,845. Be aware that a bigger system may be essential to ensure your energy requirements are met.

On the left-hand side, pick your county to determine the average roof size and the average maximum capacity for solar panel systems on homes within your area. Displayed below is a breakdown of the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Benton: $12,845US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Benton: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Benton: $9,944US Average: $15,784

Solar Potential in Benton

Estimated system size and solar electricity production per median viable roof in
Benton.

Roof size 1,001sq. ft.
Capacity 14kW DC
Electricity 17.5kkWh AC per yr.

Electricity Costs in Benton, AR & What that Means for Your Solar Panel Pricing

On average, a Benton energy consumer uses1,051 kWh and pays $117.89 per month for electricity. Small residences, such as lofts and duplexes, are also included in the statistics mentioned in the prior sentence.

The mean rate for electricity in Benton, AR during October, 2024 is 11.21¢ per kWh.

In Benton, the typical energy consumer will need a solar power setup of 9 kW or more to cover their entire power demands. Currently, a 9 kW solar installation will cost around $23,121 after incentives.

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Average solar panel costs by system size in Benton

On the left and below, there is the pricing details for various sizes of the solar panel systems installed in Benton. Of course, a more extensive solar system means a higher initial expense, but it also leads to more significant electricity savings and more substantial income tax credits.

The breakdown of costs and benefits for solar panels, displayed in the calculator to the right and below, is based on an average electric bill of $117.89 in Benton. If you want more tailored results, just adjust the $117.89 to whatever your usual electricity bill is.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $827 a year
Est. Price
$12,845
Savings from a 5kWthis system
  • Est. yearly production 7,519 kWh
  • Est. monthly savings $69
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.3 tons a year
  • Equivalent to planting 197 trees a year
  • Equivalent to driving 10,637 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $993 a year
Est. Price
$15,414
Savings from a 6kWthis system
  • Est. yearly production 9,023 kWh
  • Est. monthly savings $83
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 5.16 tons a year
  • Equivalent to planting 237 trees a year
  • Equivalent to driving 12,764 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,158 a year
Est. Price
$17,983
Savings from a 7kWthis system
  • Est. yearly production 10,527 kWh
  • Est. monthly savings $96
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 6.02 tons a year
  • Equivalent to planting 276 trees a year
  • Equivalent to driving 14,891 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,323 a year
Est. Price
$20,552
Savings from a 8kWthis system
  • Est. yearly production 12,031 kWh
  • Est. monthly savings $110
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 6.88 tons a year
  • Equivalent to planting 316 trees a year
  • Equivalent to driving 17,019 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,489 a year
Est. Price
$23,121
Savings from a 9kWthis system
  • Est. yearly production 13,535 kWh
  • Est. monthly savings $118
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 7.36 tons a year
  • Equivalent to planting 338 trees a year
  • Equivalent to driving 18,209 mi less a year

Benton Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for photovoltaic or wind turbines for rural small businesses and farms. If you believe yourself eligible, we recommend utilizing our REAP Grant eligibility tool to confirm your qualification.

Most residents can qualify for a 30% federal income tax credit for residential solar, which makes it a practical option in numerous areas of the United States. Along with that, there are several state and local efforts designed to further encourage the uptake of solar energy.

Arkansas offers 4 solar rebate and incentive initiatives through different utilities and government agencies.

Sustainable Building Design Revolving Loan Fund

Value:Varies

The ABA Revolving Loan Fund is an interest-free loan program adopted by Arkansas in 2009 (as loan payments go to the fund, the fund may continue indefinitely). It provides a way for state agencies, boards, and commissions (including those attached to institutions of higher learning) who own their own facilities to make renovations up to $25,000. It is funded by a grant from the American Recovery and Reinvestment Act of 2009 with contributions from the state general improvement funds. The loan encourages debtors to use the funds for ways to save and create energy for their buildings. For further information, check out the Arkansas Building Authority site.

Green Building Standards for State Facilities

Value:Varies

As of July 1, 2005, all state agencies are encouraged to use the Leadership in Energy and Environmental Design and Green Globes rating system as much as possible. They receive additional credit for use of agri-fiber and composite wood products, post-consumer recycled content, and other environment-friendly products. The Sustainable Energy-Efficient Building Program directed the Arkansas Energy Office to reduce energy use in all state-owned major facilities by 30% by 2017 and conserve all utilities to reduce total energy consumption as justified by a life cycle cost analysis. Other state agencies have been encouraged to develop their own strategic energy plans.

Net Metering

Value:Varies

In April 2001, the Arkansas Public Service Commission was directed to establish rules for net metering of some renewable energy systems. By 2012 they amended those rules to exempt government entities and agencies from indemnity agreements. In 2013 it would add new net-metering tariffs for all utilities under its jurisdiction and in 2014 it would modify provisions for excess generation, including increasing the cap for non-residential customers and opening the docket for appropriate fees and terms. Of special note is that customers with multiple meters who generate excess electricity may, with 30 days' notice, use the funds generated for any meter within the same utility.

Solar Hot Water Contractor Licensing

Value:Varies

Arkansas offers limited specialty solar thermal installer licenses with assistance from the Arkansas Department of Health. These licenses are the Restricted Solar Mechanic, Supervising Solar Mechanic, and Solar Mechanic Trainee. The Restricted Solar Mechanic license only allows a mechanic to install systems used to heat domestic hot water; the person must show evidence of relevant training and experience, including four years with a Restricted Solar Mechanic Trainee license. The Supervising Solar Mechanic is allowed to supervise, install, and maintain solar and hydronic domestic hot water systems; applicants must have at least one year with a Restricted Solar Mechanic and five years of solar mechanic experience.

Are solar panels worth it in Arkansas?

If your intention is to stay in your home beyond the solar payback period, choosing solar panels is a good option in Benton. Having a 5 kW solar system in Benton, AR can potentially save you roughly $15,448.6 over a span of 20 years, with an average break even point of 9 years.

The cost of not having solar panels in Benton, AR

Beyond forgoing the savings, the absence of solar panels or another backup energy source results in full dependence on your electric utility for your power needs. As shown by many recent news reports, full reliance on your utility is not always ideal.

Each year, customers in Benton experience about 2 outages. On average, each outage lasts for 290.12 minutes. Major events like wildlife damage, aging infrastructure or lightning strikes can considerably extend these durations.

Whether it includes a backup battery or not, a solar panel system could ease the burden of any future power interruptions you may experience.

Power Outages

Currently, 0 customers are being tracked in Saline County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Benton, AR?

Your Energy Needs - The initial investment for larger solar panel installations is greater, but the average price per watt drops as the system grows. Many consumers realize it's a great idea to set up a solar system that can produce enough power to fully cover their electric bill, because it helps them save more money.

Make & Model - Just like other products, solar panels and mounting equipment are available in a range of makes and models. The potential brand preferences of your selected installer make it essential to choose a recommended company. For buyers desiring a better long-term experience, opting for higher quality makes and models is critical.

Solar Panel Type - For good reason why monocrystalline panels are now the industry standard. These panels cost more but yield a higher energy efficiency. The majority of installers in the industry work with panels made from this material.

Your Property - Each property and home has its own unique features. Uneven ground, trees, or other challenges may add to the difficulty of the installation. Solar installers today frequently utilize satellite imagery to evaluate your home and factor in these factors into the preliminary cost estimate.

Labor Rates - Employees receive varied wages from different companies, and these costs are passed on to the consumers. Usually, companies paying more in wages also enjoy higher ratings for their services and customer service.

Permitting & Interconnection - Installation costs will be impacted by varying local permitting and utility interconnection fees, depending on the region. Good installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other AR cities

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Who are the best solar installers in Benton?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Reparation of solar arrays.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Monitoring of independent energy generation.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Reparation of solar arrays.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Fluent Solar

Lindon, UT(866) 736-1253

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

LightEdison

Denver, CO(888) 966-6377

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Benton, AR Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Benton, AR is $3.67/W. Post federal tax credit, a 5 kW solar panel system installation in Benton, AR will roughly cost $12,845.

  • In Arkansas, you have access to 4 rebates and incentives provided by numerous utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Choosing to pay cash provides the most savings, but today there are many financing options for solar panels that are also cost-effective. Information about financing options is typically included in initial quotes provided by installers.

  • Yes, in Benton, AR, the average time for 5 kW solar panel systems to pay for themselves is 9 years, leading to electricity savings of $15,448.6 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01