Solar Panels Cost $0k-$0k in Craighead County, AR | November, 2024
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How much do solar panels cost in Craighead County, AR in 2024?
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In the month of November, 2024 in Craighead County, AR you will pay about $0 per watt to get solar panels.
According to this price, solar panel installations will cost you approximately $0 per 1000 watts (1 kW) of production capacounty. In Craighead County, the price of a 5 kW panel install is typically $0, after a 30% federal tax credit. However, it’s important to realize that a more extensive system could be essential to ensure your energy needs are met.
To the left, you can select your county to view the average roof size and average maximum capacity for residential solar on homes in your area. Displayed below is an outline of the price, payback period, and 20-year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Craighead County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Craighead County: 0 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Craighead County: $35,810US Average: $16,169
Solar Potential in Craighead County
Estimated system size and solar electricity production per median viable roof in Craighead County.
Roof size 965sq. ft.
Capacity 13.5kW DC
Electricity 16.5kkWh AC per yr.
Electricity Costs in Craighead County, AR & What that Means for Your Solar Panel Pricing
Craighead County's typical monthly kWh usage is 1,262, with the average electric bill around 149.21. Bear in mind that this statistic takes into account smaller residences including apartments, known for lower energy consumption.
As of November 2024, the average rate for electricity per kWh in Craighead County, AR is 11.83¢.
At first, an 11 kW solar panel installation is priced at $0, but after a 30% tax credit, the final price is $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Craighead County
To the left, we have displayed a thorough cost analysis for different solar panel system sizes installed in Craighead County. A larger solar array will expectedly cost more, but it will also offer greater electricity savings and more substantial income tax credits.
The cost-benefit analysis for solar panels, shown in the calculator to the right and below, is based on an average electric bill of $149.21 in Craighead County. Simply change the $149.21 to your typical electricity bill for more precise results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,263 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,527 kWh
Est. monthly savings $105
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.19 tons a year
Equivalent to planting 238 trees a year
Equivalent to driving 12,843 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,444 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 12,031 kWh
Est. monthly savings $120
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.93 tons a year
Equivalent to planting 272 trees a year
Equivalent to driving 14,678 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,624 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,535 kWh
Est. monthly savings $135
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 6.67 tons a year
Equivalent to planting 306 trees a year
Equivalent to driving 16,512 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,805 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 15,039 kWh
Est. monthly savings $149
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.34 tons a year
Equivalent to planting 337 trees a year
Equivalent to driving 18,178 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $1,985 a year
Est. Price
$0
Savings from a 11kWthis system
Est. yearly production 16,543 kWh
Est. monthly savings $149
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.34 tons a year
Equivalent to planting 337 trees a year
Equivalent to driving 18,178 mi less a year
Craighead County Solar Panel Installation Incentives & Rebates | 2024
Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their solar or wind energy installation expenses. Think you fall into this category? Check your qualification with our REAP Grant eligibility tool.
For those considering residential solar, the 30% federal income tax credit is accessible to most people, which makes solar power a wise investment in various parts of the country. Furthermore, several state and local initiatives are in place to further encourage the adoption of solar energy.
Different utilities and governmental organizations in Arkansas offer 4 solar rebate and incentive initiatives.
Solar incentives in ARIncentive Description Value
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 Craighead County, AR?
If you expect to own your residence longer than the solar system's payback period, solar panels are a smart investment in Craighead County. Over a 20 year period, a 5 kW solar system in Craighead County, AR could save you an estimated $35,810.4, with the average break even time being 0 years.
The cost of not having solar panels in Craighead County, AR
Besides the savings mentioned earlier, failing to have solar panels or an alternative energy backup means you being wholly dependent on your electric utility for electricity. As recent news articles have shown, total reliance on your utility provider isn't always the best situation.
Customers in Craighead County experience roughly 2.07 outages per year. Each outage lasts an average of 315.55 minutes. In the case of major events such as winter storms, aging infrastructure, or vandalism, this period can increase substantially.
See the graphic below to see the number of current electricity customers without power in Craighead County.
A solar panel system could reduce the inconvenience of future outages, even if it lacks a backup battery.
Power Outages
Currently, 0 customers are being tracked in Craighead County.
What impacts the cost of solar panels in Craighead County, AR?
Your Energy Needs - When opting for larger solar panel systems, the overall expense is greater; however, the cost per watt reduces with an increase in system size. Consumers often find that setting up a solar system to fully cover their electric bill is a beneficial decision, resulting in the most savings.
Make & Model - Just like many products, solar panels are offered in a variety of makes and models. Given the certain system preferences an contractor might have, selecting a reputable contractor is critical. For buyers seeking a superior long-term experience, opting for superior quality equipment is essential.
Solar Panel Type - Monocrystalline panels have earned their place as the standard in the industry, and for good reasons. Although they are more expensive, they generate increased energy. The majority of installers use panels made of this material.
Your Property - Each property and home presents unique challenges. Trees, irregular terrain, or other obstacles may complicate the installation process. These days, satellite images allow many solar installers to evaluate your home and incorporate these factors into the preliminary cost estimate.
Labor Rates - The varying wages that companies offer their employees result in costs that are ultimately passed on to consumers. Businesses frequently receive higher reviews for their work and customer service when they pay higher wages.
Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will influence your installation cost. Reputable local installers will include these numbers into your preliminary quotes to prevent any surprises.
See what solar panels cost in other Craighead County cities
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.
Consulting on all things solar related.
Craighead County, AR Solar Panel Cost FAQs
In November, 2024, the typical price per watt for solar panels in Craighead County, AR is $0/W. The installation of a 5 kW solar panel system in Craighead County, AR will cost about $0 after federal tax credits.
Arkansas offers 4 different rebates and incentives from a range of utilities and government organizations. On top of that, nearly everyone can qualify for the 30% federal tax credit.
While cash payments provide the most savings, there are now many financing options for solar panels that are also advantageous. Initial quotes from installers will frequently contain information about available financing options.
Yes, the average 5 kW solar panel payback time in Craighead County, AR is 0 years, with expected savings of $35,810.4 on electricity over 20 years.
Savings from 
Environmental Impacts 
