Solar Panels Cost 9.4k-18k in Farmington, AR | October, 2024

Solar Panels Cost $9.4k-$18k in Farmington, AR | October, 2024

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

Having solar panels in Farmington, AR is $3.38/W in the month of October, 2024.

It will cost you $3,380, on average, per 1K (or 1000 watts) your panels is able to produce. When you subtract the 30% federal tax credit, you will spend approximately $11,830 for a 5 kW solar panel system in Farmington. To ensure your energy demands are met, you may require more than a 5kW system.

On the left, choose your area to view the typical roof size and the maximum production capacity for solar panel systems on homes in your county. You can also see an outline of the costs, payback period and 20 year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Farmington: $11,830US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Farmington: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Farmington: $13,746US Average: $15,784

Solar Potential in Farmington

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

Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 15.8kkWh AC per yr.

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

For Farmington energy consumers, the average electric bill is $127.69 per month, with a usage of 984 kWh. Compact homes, including micro-apartments, are also encompassed in the data cited in the {previous|prior sentence.

The average electricity rate in Farmington, AR in October 2024 is 12.97¢ per kWh.

To account for their full energy usage requirements of an average user in Farmington, a solar panel system of 8 kW or more is required. At this time, an 8 kW solar setup has an upfront cost of about $27,040, but after a 30% tax credit, it drops to $18,928

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Average solar panel costs by system size in Farmington

To the left, you will find a breakdown of prices for various solar panel system sizes installed in Farmington. When you select a larger solar system, the cost is higher, but it also yields greater electricity savings and a greater income tax credit.

The solar panel calculator, situated below and to the right, gives a detailed cost and benefit analysis based on a typical $127.69 electric bill for Farmington. Swap the $127.69 with your usual electricity bill to get customized results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $782 a year
Est. Price
$9,464
Savings from a 4kWthis system
  • Est. yearly production 6,016 kWh
  • Est. monthly savings $65
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.75 tons a year
  • Equivalent to planting 172 trees a year
  • Equivalent to driving 9,271 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $978 a year
Est. Price
$11,830
Savings from a 5kWthis system
  • Est. yearly production 7,519 kWh
  • Est. monthly savings $81
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.68 tons a year
  • Equivalent to planting 215 trees a year
  • Equivalent to driving 11,589 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,173 a year
Est. Price
$14,196
Savings from a 6kWthis system
  • Est. yearly production 9,023 kWh
  • Est. monthly savings $98
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 5.62 tons a year
  • Equivalent to planting 258 trees a year
  • Equivalent to driving 13,906 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,369 a year
Est. Price
$16,562
Savings from a 7kWthis system
  • Est. yearly production 10,527 kWh
  • Est. monthly savings $114
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 6.55 tons a year
  • Equivalent to planting 301 trees a year
  • Equivalent to driving 16,224 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,564 a year
Est. Price
$18,928
Savings from a 8kWthis system
  • Est. yearly production 12,031 kWh
  • Est. monthly savings $128
  • 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

Farmington Solar Panel Installation Incentives & Rebates | 2024

For rural small businesses and agricultural enterprises, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Think you fall into this category? Check your qualification with our REAP Grant eligibility tool.

Nearly all residents can qualify for a 30% federal income tax credit for residential solar, which makes it a feasible option in numerous areas of the United States. In addition, there are many state and local initiatives aimed at further promote the uptake of solar energy.

Multiple utilities and government agencies in Arkansas have 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?

Homeowners in Farmington who intend to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. With a 5 kW solar system in Farmington, AR, the average savings over a 20 period is $18,815.6, with break even typically occurring at 8 years.

The cost of not having solar panels in Farmington, AR

If you don't have solar panels or an alternative backup power source, you forgo the aforementioned savings and your household is entirely dependent on your electric utility for electricity. The news has recently demonstrated that relying entirely on your utility provider isn't always ideal.

In a typical year, customers in Farmington encounter around 1.61 outages. On average, each outage lasts for 252.74 minutes. Major events like wildlife damage, aging infrastructure or heavy rain and flooding can considerably extend these durations.

A solar panel system with (or without) a backup battery could ease the pressure of future outages you encounter.

Power Outages

Currently, 0 customers are being tracked in Washington County.

Learn more

Customers Out:

0

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

Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is higher. Setting up a solar system that produces sufficient electricity to eliminate their electric bill is beneficial to most homeowners, ensuring savings.

Make & Model - Just like other industries, the solar energy sector offers a range of solar panel and mounting equipment brands and designs. Since your installer may prefer certain brands, it's essential to pick a recommended company. Selecting superior quality materials usually ensures a more favorable long-term experience for the buyer.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. These panels are more expensive but offer a higher energy efficiency. Many installers in the industry use panels crafted of this material.

Your Property - Sloping terrain, trees, or additional considerations can increase the difficulty of the installation. These days, solar installers typically use satellite images to assess your home and include these elements into the first cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these costs are borne by the consumers. Businesses that invest in higher wages often see higher reviews for their services and customer service.

Permitting & Interconnection - The cost of your installation will be impacted by the local permitting and utility interconnection fees, which vary depending on the area. That said, quality local installers will be able to incorporate these numbers into your first quotes so there are no surprises.

See what solar panels cost in other AR cities

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Who are the best solar installers in Farmington?

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.

Farmington, AR Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Farmington, AR has reached $3.38/W. In Farmington, AR, the cost of installing a 5 kW solar panel system is approximately $11,830 after applying the federal tax credit.

  • Right now, Arkansas has 4 rebates and incentives available through a variety of utility companies and government entities. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.

  • Even though paying cash offers the best savings, there are now multiple financing options for solar panels that are also financially beneficial. Many installers will include information about financing options in their initial quotes.

  • Yes, the typical payback time for 5 kW solar panel systems in Farmington, AR is 8 years, and the expected electricity cost savings over 20 years is $18,815.6.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01