Solar Panels Cost $0k-$0k in Lincoln County, AR | November, 2024
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How much do solar panels cost in Lincoln County, AR in 2024?
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In Lincoln County, AR in November, 2024, the current price per watt for solar is estimated at $0/W
This means that, solar panels will cost you approximately, on average, $0 per 1 kW (or 1000 watts) of generation capacounty. When you subtract the 30% federal tax credit, you can expect to spend about $0 for a 5 kW solar setup in Lincoln County. However, it’s vital to take into account that a bigger system may be required to fully meet your energy needs.
On the left-hand side, pick your county to access information on the average roof size and the average maximum capacity for solar panel systems on homes within your area. Displayed below is a summary 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.
Lincoln County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Lincoln 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.
Lincoln County: $33,074US Average: $16,169
Solar Potential in Lincoln County
Estimated system size and solar electricity production per median viable roof in Lincoln County.
Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 15.8kkWh AC per yr.
Electricity Costs in Lincoln County, AR & What that Means for Your Solar Panel Pricing
The average electricity consumption in Lincoln County is 1,052 kWh per month, leading to a 137.81 monthly electric bill average. Smaller dwellings, such as condos and apartments, are also included in the statistics mentioned in the prior sentence.
The mean rate for electricity in Lincoln County, AR in November, 2024 is 13.1¢ per kWh.
The projected cost for a 9 kW setup comes to $0 upfront, 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 Lincoln County
To the left and below, the pricing details for different sizes of solar panel systems installed in Lincoln County can be seen. Bigger solar installations carry a larger expense, yet they also offer greater electricity savings and more generous income tax credits.
The cost and benefit breakdown for solar panels, presented in the calculator below and to the right, is based on an average electric bill of $137.81 in Lincoln County. For tailored results, change the $137.81 to what your average electricity bill is.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $978 a year
Est. Price
$0
Savings from a 5kWthis system
Est. yearly production 7,519 kWh
Est. monthly savings $81
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 4.24 tons a year
Equivalent to planting 195 trees a year
Equivalent to driving 10,495 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,173 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 9,023 kWh
Est. monthly savings $98
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.09 tons a year
Equivalent to planting 234 trees a year
Equivalent to driving 12,594 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,369 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,527 kWh
Est. monthly savings $114
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.94 tons a year
Equivalent to planting 273 trees a year
Equivalent to driving 14,693 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,564 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 12,031 kWh
Est. monthly savings $130
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 6.78 tons a year
Equivalent to planting 312 trees a year
Equivalent to driving 16,792 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,760 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,535 kWh
Est. monthly savings $138
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.18 tons a year
Equivalent to planting 330 trees a year
Equivalent to driving 17,779 mi less a year
Lincoln County Solar Panel Installation Incentives & Rebates | 2024
If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your photovoltaic or wind turbine project. If you think you might be in this category, we suggest checking your qualification with our REAP Grant eligibility tool.
For those considering residential solar options, a 30% federal income tax credit is broadly available, increasing the appeal and practicality of solar energy in various areas in the nation. Together with federal efforts, state and local programs help to support the use of solar power.
A total of 4 solar incentive and rebate initiatives are available in Arkansas from different utilities and government bodies.
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 Lincoln County, AR?
For homeowners in Lincoln County expecting to remain in their homes after the payback period for solar panels, solar energy is a logical choice. A 5 kW solar system in Lincoln County, AR might save you an average of $33,074.4 over 20 years, with the break even point typically being 0 years.
The cost of not having solar panels in Lincoln County, AR
Not installing solar panels or any other backup energy system leads to missing the earlier mentioned savings and full dependence on your electric utility for electricity. As recent examples in the news have shown, total dependence on your utility provider isn't always the best idea.
Residents in Lincoln County have encountered an average of 1.52 utility outages per year in recent times. On average, each outage lasts for 262.94 minutes. Major events like winter storms, construction accidents, or equipment failure can considerably extend these durations.
See the info below to see the number of current electricity customers without power in Lincoln County.
Regardless of whether featuring a backup battery or not, a solar panel system can alleviate the strain of possible future outages.
Power Outages
Currently, 0 customers are being tracked in Lincoln County.
What impacts the cost of solar panels in Lincoln County, AR?
Your Energy Needs - Larger solar panel systems have a larger initial cost, yet the average cost per watt falls as the system size expands. Most consumers see the benefit in installing a solar setup that can produce enough power to replace their entire electric bill, ensuring significant savings.
Make & Model - Solar panels and mounting equipment, like many other products, are available in a variety of makes and models. Given the certain system preferences an contractor might have, choosing a reputable contractor is crucial. The utilization of better equipment is likely to yield a more satisfactory long-term experience for buyers.
Solar Panel Type - It's no surprise that monocrystalline panels are now the standard in the industry. These panels cost more but produce more energy. Most installers in the industry work with panels crafted from this material.
Your Property - No two properties or homes are identical. Trees, rough terrain, or other challenges can increase the difficulty of the installation. Nowadays, the majority of solar installers can evaluate your home with satellite images and include these factors in the preliminary cost estimate.
Labor Rates - Various wages are paid to employees by various companies, and these expenses are passed on to the consumers. Companies often get higher reviews for their services and customer service when they pay higher wages.
Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which change by area. Reputable local installers will integrate these numbers into your initial quotes to prevent any surprises.
See what solar panels cost in other Lincoln County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Lincoln 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.
Lincoln County, AR Solar Panel Cost FAQs
In November, 2024, the typical price per watt for solar panels in Lincoln County, AR is $0/W. The cost of installing a 5 kW solar panel system in Lincoln County, AR is about $0post federal tax credit.
Arkansas offers 4 different rebates and incentives from a range of utilities and government organizations. Furthermore, the majority of people qualify for the 30% federal tax credit.
Paying cash provides the most savings, yet there are several financing options available today for solar panels that are also financially sensible. Financing details are often provided by installers and may be included in your initial quotes.
Yes, on average, 5 kW solar panels in Lincoln County, AR pay for themselves in 0 years, with homeowners saving approximately $33,074.4 on electricity over 20 years.