Solar Panels Cost 9.6k-19k in Lowell, AR | October, 2024

Solar Panels Cost $9.6k-$19k in Lowell, AR | October, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

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

Solar panel installations in Lowell, AR in the month of October, 2024 have an average cost of $3.44 per watt.

Each 1 kW (1000 watts) of solar power capacity will require an investment of $3,440 for installation. When you deduct the 30% federal tax credit, a 5 kW solar system in Lowell will cost approximately $12,040. To ensure your energy needs are met, you could require a larger system.

By selecting your county on the left, you can see the average roof size and the average maximum capacity for residential solar panel systems in your area. See below a comprehensive breakdown of the {price|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.
Lowell: $12,040US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Lowell: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Lowell: $8,650US Average: $15,784

Solar Potential in Lowell

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

Roof size 894sq. ft.
Capacity 12.5kW DC
Electricity 15.8kkWh AC per yr.

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

The monthly kWh usage for a Lowell energy consumer is 928, with a typical electric bill of $107.71. Compact residences, such as efficiency studios and apartments, are also part of the figures mentioned in the previous sentence.

Lowell, AR's electricity rate is 11.61¢ per kWh in October 2024.

To account for the electricity consumption of a typical consumer in Lowell, a solar power system of 8 kW or higher is a must. Before incentives, an 8 kW solar setup is around $27,520, with the federal tax credit providing 30% back, reducing the price to $19,264.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Lowell

On the left and below, there is the price breakdown for multiple sizes of the solar panel systems set up in Lowell. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can receive.

In the solar panel cost calculator situated to the right and below, you can see a cost and benefit breakdown to match an average $107.71electric bill in Lowell. Modify the $107.71 to your average electricity bill payment for more accurate results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $722 a year
Est. Price
$9,632
Savings from a 4kWthis system
  • Est. yearly production 6,016 kWh
  • Est. monthly savings $60
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.1 tons a year
  • Equivalent to planting 188 trees a year
  • Equivalent to driving 10,143 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $902 a year
Est. Price
$12,040
Savings from a 5kWthis system
  • Est. yearly production 7,519 kWh
  • Est. monthly savings $75
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 5.12 tons a year
  • Equivalent to planting 235 trees a year
  • Equivalent to driving 12,678 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,083 a year
Est. Price
$14,448
Savings from a 6kWthis system
  • Est. yearly production 9,023 kWh
  • Est. monthly savings $90
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 6.15 tons a year
  • Equivalent to planting 282 trees a year
  • Equivalent to driving 15,214 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,263 a year
Est. Price
$16,856
Savings from a 7kWthis system
  • Est. yearly production 10,527 kWh
  • Est. monthly savings $105
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 7.17 tons a year
  • Equivalent to planting 329 trees a year
  • Equivalent to driving 17,749 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,444 a year
Est. Price
$19,264
Savings from a 8kWthis system
  • Est. yearly production 12,031 kWh
  • Est. monthly savings $108
  • Full payback in 15 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

Lowell Solar Panel Installation Incentives & Rebates | 2024

Small businesses and agricultural enterprises in rural areas may see between 80% and 100% of their photovoltaic or wind turbine installation costs covered by the REAP Grant. Wondering about your eligibility? Use our REAP Grant eligibility tool to check.

When it comes to residential solar, the majority of people qualify for the 30% federal income tax credit, which makes solar a sensible option in most regions of the nation. In addition, many state and local programs work to further encourage the adoption of solar power.

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?

Homeowners in Lowell who expect to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. Installing a 5 kW solar system in Lowell, AR will, on average, save you $13,810.4 over 20 years, and you can expect to break even in about 9 years.

The cost of not having solar panels in Lowell, AR

The lack of solar panels or an alternative energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. Recent news has proven that total reliance on your utility company isn't always the best option.

Customers in Lowell face roughly 1.77 outages per year. On average, an outage lasts 258.53 minutes. Major events such as winter storms, aging infrastructure, or planned maintenance can significantly extend these time frames.

Even without a backup battery, a solar panel system can reduce the pressure of future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Benton County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

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

Your Energy Needs - Larger solar panel systems have a larger initial cost, yet the average cost per watt drops as the system size grows. Most individuals find it useful to set up a solar system that can generate enough electricity to replace the entirety of their electric bill. This math makes the most sense for increased savings.

Make & Model - Just like other products, solar panels come in a variety of makes and models. As your installer may prefer specific brands, it's important to choose a highly rated installer. For consumers wanting a more favorable long-term experience, choosing higher quality makes and models is critical.

Solar Panel Type - It's understandable that monocrystalline panels are now the industry standard. They are more expensive but provide more energy. Many professionals in solar installation utilize panels constructed from this material.

Your Property - Each property and home has its own characteristics. Factors like uneven ground, trees, or other considerations can make the installation more challenging. By using satellite images, most solar installers nowadays can assess your home and incorporate these elements into the initial cost estimate.

Labor Rates - The varied employee wages paid by companies result in costs that consumers eventually paying . Higher wages often correlate with better reviews for companies' services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will influence your installation cost. Good installers will factor these costs into your first quotes to prevent unexpected expenses.

See what solar panels cost in other AR cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Lowell?

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.

Lowell, AR Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Lowell, AR has reached $3.44/W. Installing a 5 kW solar panel system in Lowell, AR will cost approximately $12,040 after applying the federal tax credit.

  • Utilities and government agencies in Arkansas are currently offering 4 different rebates and incentives. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Paying in cash results in the highest savings, but there are numerous financing options available today for solar panels that are also cost-effective. Financing options are often provided by installers and may be included in your initial quotes.

  • Yes, in Lowell, AR, 5 kW solar panel systems usually pay off in 9 years, providing an average electricity cost savings of $13,810.4 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01