Solar Panels Cost $0k-$0k in Lafayette County, AR | November, 2024
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How much do solar panels cost in Lafayette County, AR in 2024?
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Getting solar panels costs about $0/W in November, 2024 in Lafayette County, AR.
Using this rate per watt, expect the price to be $0, on average, for every 1000 watts (or 1 kW) of solar energy your system will need to produce. With a 30% federal tax credit, the average expense for a 5 kW system in Lafayette County is about $0. A larger system may be required to ensure your energy needs are met.
To the left, you have the option to select your county and find out the average roof size along with the average maximum capacity for residential solar in homes in your area. Displayed below is a summary 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.
Lafayette County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Lafayette 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.
Lafayette County: $34,447US Average: $16,169
Solar Potential in Lafayette County
Estimated system size and solar electricity production per median viable roof in Lafayette County.
Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 15.8kkWh AC per yr.
Electricity Costs in Lafayette County, AR & What that Means for Your Solar Panel Pricing
The average electric bill for an electricity consumer in Lafayette County is 143.53 and the average number of kWh used each month per household is 1,216. Small houses, such as studios and apartments, are also factored in the numbers cited in the prior sentence.
Lafayette County, AR's electricity rate is 11.8¢ per kWh in November 2024.
The estimated cost for a 10 kW solar panel installation will be $0 before incentives, but after a 30% federal tax credit, the price is $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Lafayette County
On the left, you will find a cost breakdown for various solar panel system sizes installed in Lafayette County. The initial cost for bigger solar systems is larger, but they also offer more significant electricity savings and higher income tax credits.
View a cost benefit analysis in the solar panel cost calculator down and to the right, for an average electric bill of $143.53 in Lafayette County. For results that are customized, change the $143.53 to reflect your average electricity bill.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,083 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 9,023 kWh
Est. monthly savings $90
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 4.55 tons a year
Equivalent to planting 209 trees a year
Equivalent to driving 11,255 mi less a year
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 5.31 tons a year
Equivalent to planting 244 trees a year
Equivalent to driving 13,131 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 6.06 tons a year
Equivalent to planting 278 trees a year
Equivalent to driving 15,007 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 6.82 tons a year
Equivalent to planting 313 trees a year
Equivalent to driving 16,883 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 $144
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.26 tons a year
Equivalent to planting 333 trees a year
Equivalent to driving 17,962 mi less a year
Lafayette County Solar Panel Installation Incentives & Rebates | 2024
Eligible rural small businesses and agricultural operations might have their photovoltaic or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Believe you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.
Homeowners can take advantage of a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option in much of the country. Together with federal efforts, state and local programs help to support the use of solar power.
Arkansas features 4 solar rebate and incentive initiatives provided by multiple utilities and government organizations.
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 Lafayette County, AR?
If you plan living in your home longer than the solar system's payback period, installing solar panels is an smart decision in Lafayette County. If you install a 5 kW solar system in Lafayette County, AR, you might save $34,447.2 over 20 years on average, with a break even point at approximately 0 years.
The cost of not having solar panels in Lafayette County, AR
The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and are wholly reliant on your electric utility for electricity. As shown by numerous recent news reports, complete dependence on your utility is not always ideal.
On average, customers in Lafayette County have faced 1.58 utility outages per year over the past few years. The typical duration of each outage is 259.19 minutes. When significant events such as lightning strikes, overloaded power grids, or planned maintenance occur, these time frames can become much longer.
Take a look at the component below to see the number of current electricity customers without power in Lafayette County.
A solar energy system could reduce the effects of future outages, whether or not it has a backup battery.
Power Outages
Currently, 0 customers are being tracked in Lafayette County.
What impacts the cost of solar panels in Lafayette County, AR?
Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size grows. Installing a solar panel system that can cover the electric bill is useful to individuals because of the reduced long-term costs.
Make & Model - Just like other products, solar panels come in a wide variety of makes and models. The system preferences of your chosen installer can make it essential to choose a reputable company. Opting for better quality equipment can provide a much better long-term experience for the buyer.
Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They are costlier but provide more energy. Many professionals in solar installation work with panels made from this material.
Your Property - Every home and property differs in its own way. Challenges such as sloping terrain, trees, or other considerations can increase the difficulty of installing solar panels. Solar installers now have the ability to leverage satellite images to evaluate your home and include these considerations in the initial cost estimate.
Labor Rates - The pay employees receive from their employers differ, and these expenses are borne by the consumers. Paying higher wages frequently results in companies receiving better reviews for their work and customer service.
Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will influence your installation cost. Quality local installers will integrate these numbers into your initial quotes to avoid any surprises.
See what solar panels cost in other Lafayette County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Lafayette County?
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.
Lafayette County, AR Solar Panel Cost FAQs
In November, 2024, the typical price per watt for solar panels in Lafayette County, AR is $0/W. The approximate cost of a 5 kW solar panel system in Lafayette County, AR, after deducting federal tax credits, is $0.
Utilities and government agencies in Arkansas are currently offering 4 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.
Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also financially beneficial. Installers frequently provide financing options and will specify them in your initial quotes.
Yes, the average 5 kW solar panel payback time in Lafayette County, AR is 0 years, with expected savings of $34,447.2 on electricity over 20 years.
Savings from 
Environmental Impacts 
