Solar Panels Cost 9.2k-18k in Conway, AR | October, 2024

Solar Panels Cost $9.2k-$18k in Conway, AR | October, 2024

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

As of October, 2024, the current price to go solar in Conway, AR is $3.3 per watt.

Utilizing the cost, you can conclude that for every 1 kW (1000 watts) your solar system can generate you will need to invest $3,300 to have your solar system installed. When you consider the 30% federal tax credit, you will pay about $11,550 for a 5 kW solar panel install in Conway. It's vital to realize that a bigger system might be needed to fully meet your energy needs.

Use the left-hand menu to select your area and find the typical roof size and the maximum production capacity for solar panels on homes in your county. Below is a breakdown 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.
Conway: $11,550US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Conway: 10 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Conway: $6,696US Average: $15,784

Solar Potential in Conway

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

Roof size 1,073sq. ft.
Capacity 15kW DC
Electricity 17.5kkWh AC per yr.

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

The average electricity bill in Conway, for a usage of 985 kWh per month, is $96.65. Small homes, including micro-apartments, are also included in the statistics cited in the previous sentence.

As of October 2024, the mean rate for electricity per kWh in Conway, AR amounts to 9.81¢.

To take care of the electricity requirements of an average user in Conway, a solar panel system of 8 kW or higher is a must. The estimated cost for an 8 kW solar panel installation is $26,400 before incentives, but with a 30% federal tax credit, it drops to $18,480.

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Average solar panel costs by system size in Conway

Displayed on the left side, you'll see a thorough cost summary of the multiple sizes of solar panel systems installed in Conway. Of course, a larger solar system means a higher initial expense, but it also translates to greater electricity savings and higher income tax credits.

Check a cost benefit analysis in the solar panel cost calculator below and to the right, for an average electric bill of $96.65 in Conway. Personalized results can be obtained by changing the $96.65 to your typical bill amount.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $602 a year
Est. Price
$9,240
Savings from a 4kWthis system
  • Est. yearly production 6,016 kWh
  • Est. monthly savings $50
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.8 tons a year
  • Equivalent to planting 175 trees a year
  • Equivalent to driving 9,411 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $752 a year
Est. Price
$11,550
Savings from a 5kWthis system
  • Est. yearly production 7,519 kWh
  • Est. monthly savings $63
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.75 tons a year
  • Equivalent to planting 218 trees a year
  • Equivalent to driving 11,763 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $902 a year
Est. Price
$13,860
Savings from a 6kWthis system
  • Est. yearly production 9,023 kWh
  • Est. monthly savings $75
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 5.7 tons a year
  • Equivalent to planting 262 trees a year
  • Equivalent to driving 14,116 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,053 a year
Est. Price
$16,170
Savings from a 7kWthis system
  • Est. yearly production 10,527 kWh
  • Est. monthly savings $88
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 6.65 tons a year
  • Equivalent to planting 306 trees a year
  • Equivalent to driving 16,468 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,203 a year
Est. Price
$18,480
Savings from a 8kWthis system
  • Est. yearly production 12,031 kWh
  • Est. monthly savings $97
  • 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

Conway Solar Panel Installation Incentives & Rebates | 2024

Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing photovoltaic or wind energy systems. To see if you qualify, use our REAP Grant eligibility tool.

For residential solar projects, most people are eligible for the 30% federal income tax credit, making solar a sensible solution in many parts of the country. Moreover, several state and local efforts are in place to further encourage the adoption of solar energy.

In Arkansas, different utilities and government bodies offer 4 solar rebate and incentive programs.

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 living in your home longer than the solar system's payback period, installing solar panels is an smart decision in Conway. By installing a 5 kW solar system in Conway, AR, you can expect to save around $11,646 over 20 years, with the break even point usually being 10 years.

The cost of not having solar panels in Conway, AR

If you don't install solar panels or an alternative backup power source, you miss out on the previously mentioned savings and your household is entirely dependent on your electric utility for electricity. Complete dependence on your utility is not always ideal, as several recent news reports have illustrated.

Each year, customers in Conway experience about 1.52 outages. On average, an outage lasts 248.31 minutes. When major events such as planned maintenance, aging infrastructure or tornadoes occur, these durations can increase significantly

Whether equipped with a backup battery or not, a solar panel system can help alleviate the stress of possible future outages.

Power Outages

Currently, 0 customers are being tracked in Faulkner County.

Learn more

Customers Out:

0

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

Your Energy Needs - The cost per watt is lower with larger solar panel systems, even though the initial cost is larger. Consumers often realize that installing a solar system to offset their electric bill is a good move, leading to the most savings.

Make & Model - There are a variety of makes and models of solar panels and mounting equipment. Because the installer you choose might have specific system preferences, selecting a highly rated installer is especially important. Superior materials generally provide an improved long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels are broadly acknowledged as the standard in the industry, and for good cause. Although the cost is higher, they deliver more energy. The majority of installers use these kinds of panels.

Your Property - Uneven ground, trees, or additional obstacles can increase the difficulty of the installation. Solar installers now have the ability to use satellite images to assess your home and include these elements in the preliminary cost estimate.

Labor Rates - Variations in employee wages across companies result in expenses that are passed on to the consumers. Businesses paying higher wages often garner better reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. Good local installers will incorporate these figures into your initial 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 Conway?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Reparation of solar arrays.
  • 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.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

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

  • Installation of batteries for energy storage.
  • 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.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Harvest Solar

Jackson, MI(888) 907-6527

Services

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

Fluent Solar

Lindon, UT(866) 736-1253

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

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

New Farm Solar

Springdale, AZ(833) 639-3276

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Conway, AR Solar Panel Cost FAQs

  • In October, 2024, the average cost of solar panels per watt in Conway, AR is $3.3/W. The installation of a 5 kW solar panel system in Conway, AR will cost about $11,550 after federal tax credits.

  • Arkansas offers 4 different rebates and incentives from a range of utilities and government organizations. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Even though cash payments yield the greatest savings, numerous financing options for solar panels today are also advantageous. Financing options are often provided by installers and may be specified in your initial quotes.

  • Yes, in Conway, AR, the average payback period for 5 kW solar panels is 10 years, resulting in average electricity savings of $11,646 over 20 years.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01