Solar Panels Cost 11k-21k in Cabot, AR | October, 2024

Solar Panels Cost $11k-$21k in Cabot, AR | October, 2024

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

To get a solar system averages out to $3.35 per watt in Cabot, AR in October, 2024.

It will cost you $3,350, on average, per 1000 watts (1 kW) of capacity that your solar panels have. After receiving the 30% federal tax credit, you can expect to pay about $11,725, in Cabot, for a 5 kW solar panel install. Keep in mind that a larger system may be necessary to adequately cover your energy demands.

Select your county from the menu on the left to determine the average roof size and maximum solar panel system capacity for homes in your area. Displayed below is an analysis of the price, 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.
Cabot: $11,725US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Cabot: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Cabot: $17,191US Average: $15,784

Solar Potential in Cabot

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

Roof size 769sq. ft.
Capacity 10.75kW DC
Electricity 13kkWh AC per yr.

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

Cabot residents generally have an average monthly electric bill of $141.42 per month, with an average consumption of 1,126 kWh. Smaller homes, including condos and bungalows, are also part of the numbers mentioned in the previous sentence.

In October 2024, the average electricity rate in Cabot, AR is 12.56¢ per kWh.

The typical electricity consumer in Cabot has to have a 9 kW or larger solar setup to cover their full electricity usage demands. Right now, a 9 kW setup is priced at around $30,150 initially, but after the 30% federal tax credit, the total comes to $21,105.

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Average solar panel costs by system size in Cabot

To the left below, you can see the price breakdown for different sizes of solar panel systems set up in Cabot. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can gain.

The cost-benefit analysis for solar panels, presented in the calculator down and to the right, is based on an average electric bill of $141.42 in Cabot. Replace the $141.42 with your usual electricity bill for more accurate results.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $978 a year
Est. Price
$11,725
Savings from a 5kWthis system
  • Est. yearly production 7,519 kWh
  • Est. monthly savings $81
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.25 tons a year
  • Equivalent to planting 195 trees a year
  • Equivalent to driving 10,520 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,173 a year
Est. Price
$14,070
Savings from a 6kWthis system
  • Est. yearly production 9,023 kWh
  • Est. monthly savings $98
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 5.1 tons a year
  • Equivalent to planting 234 trees a year
  • Equivalent to driving 12,624 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,369 a year
Est. Price
$16,415
Savings from a 7kWthis system
  • Est. yearly production 10,527 kWh
  • Est. monthly savings $114
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 5.95 tons a year
  • Equivalent to planting 273 trees a year
  • Equivalent to driving 14,728 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,564 a year
Est. Price
$18,760
Savings from a 8kWthis system
  • Est. yearly production 12,031 kWh
  • Est. monthly savings $130
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 6.8 tons a year
  • Equivalent to planting 312 trees a year
  • Equivalent to driving 16,832 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,760 a year
Est. Price
$21,105
Savings from a 9kWthis system
  • Est. yearly production 13,535 kWh
  • Est. monthly savings $141
  • Full payback in 12 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

Cabot Solar Panel Installation Incentives & Rebates | 2024

Small businesses and agricultural enterprises in rural areas may see between 80% and 100% of their solar energy or wind turbine installation costs covered by the REAP Grant. Think you might qualify? Use our REAP Grant eligibility tool to confirm your eligibility.

A 30% federal tax credit is accessible to most homeowners for residential solar installations, which renders solar energy a feasible choice in various regions throughout the United States. Moreover, there are various state and local incentives to further encourage the adoption of solar energy.

A total of 4 solar rebates and incentives are available in Arkansas through multiple utility companies and government organizations.

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 you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Cabot. A 5 kW system in Cabot, AR will save the average homeowner, on average, $22,215.8 over a 20 period and the average break even point is 7 years.

The cost of not having solar panels in Cabot, AR

Besides missing out on the previously mentioned savings, not installing solar panels or a separate backup energy source results in complete dependence on your electric utility for electricity. Recent news has proven that total reliance on your utility company isn't always ideal.

The average number of outages per customer per year in Cabot is 2. Typically, outages have an average duration of 290.12 minutes. However, during significant events such as earthquakes, vandalism, or overloaded power grids, these times can drastically increase.

Having a solar panel system, with or without a backup battery, could alleviate the strain of any future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Pulaski County.

Learn more

Customers Out:

0

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

Your Energy Needs - While the upfront cost is greater, the price per watt drops with larger solar panel systems. Homeowners often find that installing a solar system that can offset their entire electric bill is advantageous, leading to optimal savings.

Make & Model - Just like other industries, the solar energy sector features a range of solar panel brands and designs. Picking an installer with certain system preferences means it's even more important crucial to go with a reputable contractor. Buyers often find that utilizing better quality materials leads to a more positive long-term experience.

Solar Panel Type - It's not surprising that monocrystalline panels are now the standard in the industry. Even with a higher cost, this technology produce more energy. The majority of installers choose panels crafted using this material.

Your Property - Elements such as trees, uneven landscapes, or other hindrances might complicate the installation process. Nowadays, solar installers commonly leverage satellite images to assess your home and factor in these factors into the preliminary cost estimate.

Labor Rates - The costs related to the different wages offered by companies to their employees are borne by the consumers. Businesses that pay higher wages often get higher reviews for their services and customer service.

Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will impact your installation cost. Good local installers will build these figures into your preliminary estimates to prevent any surprises.

See what solar panels cost in other AR cities

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Who are the best solar installers in Cabot?

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.

Cabot, AR Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Cabot, AR is $3.35/W. A 5 kW solar panel system will cost you around $11,725 in Cabot, AR after the federal tax credit is applied.

  • Utilities and government agencies in Arkansas are currently offering 4 different rebates and incentives. Moreover, the 30% federal tax credit is accessible to nearly everyone.

  • Even though paying cash provides the most savings, there are now multiple financing options for solar panels that also are cost-effective. Initial quotes from installers will frequently detail information about available financing options.

  • Yes, the average 5 kW solar panel payback time in Cabot, AR is 7 years, with expected savings of $22,215.8 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01