Solar Panels Cost $0k-$0k in Madison County, AR | November, 2024
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How much do solar panels cost in Madison County, AR in 2024?
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For the month of November, 2024, the cost per watt for going solar in Madison County, AR is $0/W, on average.
Stemming from the rate, you can come to the conclusion that for every 1 kW (1000 watts) your solar system can generate, you will need to invest $0 to have it installed. Typically, the expense for a 5 kW solar setup in Madison County, after the 30% federal tax credit, comes to $0. Remember, a bigger system may be essential to ensure your energy needs are met effectively.
By selecting your county on the left, you can find out the typical roof size and the maximum capacity for residential solar on homes in your area. The following summary, below, highlights 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.
Madison County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Madison 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.
Madison County: $31,630US Average: $16,169
Solar Potential in Madison County
Estimated system size and solar electricity production per median viable roof in Madison County.
Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 15.8kkWh AC per yr.
Electricity Costs in Madison County, AR & What that Means for Your Solar Panel Pricing
An energy consumer in Madison County typically uses 1,096 kWh per month, leading to an average electric bill of 131.79. These statistics also reflects the energy consumption patterns of smaller residences, such as apartments.
In November 2024, the electricity rate in Madison County, AR averages 12.02¢ per kWh.
Before incentives, a 9 kW solar installation is priced at about $0, with the federal tax credit providing 30% back, reducing the price to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Madison County
To the left and below, you can find a detailed price breakdown for various solar panel system sizes installed in Madison County. A bigger solar array will naturally cost more, but it will also provide higher electricity savings and increased income tax credits.
The breakdown of costs and benefits for solar panels, displayed in the calculator to the right and below, is based on an average electric bill of $131.79 in Madison County. If you desire personalized results, modify the $131.79 to your average electricity bill amount.
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 $902 a year
Est. Price
$0
Savings from a 5kWthis system
Est. yearly production 7,519 kWh
Est. monthly savings $75
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 4.13 tons a year
Equivalent to planting 190 trees a year
Equivalent to driving 10,232 mi less a year
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 4.96 tons a year
Equivalent to planting 228 trees a year
Equivalent to driving 12,279 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 5.79 tons a year
Equivalent to planting 266 trees a year
Equivalent to driving 14,325 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 6.61 tons a year
Equivalent to planting 304 trees a year
Equivalent to driving 16,372 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 $132
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
Madison County Solar Panel Installation Incentives & Rebates | 2024
With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. Curious if you fit this category? Check your eligibility with our REAP Grant eligibility tool.
For residential solar projects, most people are eligible for the 30% federal income tax credit, making solar a practical solution in numerous parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.
A variety of utilities and governmental bodies in Arkansas provide 4 solar rebate and incentive programs.
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 Madison County, AR?
For homeowners in Madison County planning to remain in their homes after the payback period for solar panels, solar energy is a smart choice. Installing a 5 kW solar system in Madison County, AR will, on average, save you $31,629.6 over 20 years, and you can expect to break even in about 0 years.
The cost of not having solar panels in Madison County, AR
The absence of solar panels or another backup power source means missing out on the previously highlighted savings and full dependence on your electric utility for power. As recent examples in the news have shown, total dependence on your utility provider is not always ideal.
Recently, utilities in Madison County have averaged an average of 1.14 outages per customer annually. On average, an outage lasts 86.94 minutes. When major events such as construction accidents, equipment failure or earthquakes occur, these durations can increase significantly
Take a look at the info below to see the number of current electricity customers without power in Madison County.
A solar energy system, with or without a backup battery, could help reduce the effects of any future power interruptions you might experience.
Power Outages
Currently, 0 customers are being tracked in Madison County.
What impacts the cost of solar panels in Madison County, AR?
Your Energy Needs - Even if the initial expense is greater, the price per watt decreases with larger solar panel systems. Consumers often find that setting up a solar system that can fully cover their electric bill is extremely useful. This method leads to greater savings.
Make & Model - There are a variety of makes and models of solar panels. Because the installer you select might have specific brand preferences, choosing a reputable installer is especially important. For consumers wanting a superior long-term experience, opting for better quality models is important.
Solar Panel Type - Monocrystalline panels have earned their place as the standard in the industry, and for valid reasons. Although the cost is higher, they provide more energy. The majority of installers use these panels.
Your Property - Every home and property differs in its own way. Challenges like sloped land, trees, or other hindrances can increase the difficulty of installing solar panels. Many solar installers now are able to leverage satellite imagery to evaluate your home and incorporate these factors in the preliminary cost estimate.
Labor Rates - Employees get varying wages from different companies, and these costs are handed down to the consumers. Companies that invest in higher wages usually see higher reviews for their services and customer service.
Permitting & Interconnection - Your final installation price will be influenced by the permitting and utility interconnection fees, which vary by area. Good local installers will build these figures into your preliminary estimates to eliminate any surprises.
See what solar panels cost in other Madison County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Madison County?
Solar systems for selling electricity back to the grid.
Madison County, AR Solar Panel Cost FAQs
The average solar panel cost in Madison County, AR as of November, 2024 is estimated at $0/W. After federal tax credits, the installation of a 5 kW solar panel system in Madison County, AR is estimated to cost $0.
There are 4 rebates and incentives available in Arkansas from a range of utility providers and government organizations. On top of that, most individuals are eligible for the 30% federal income tax credit.
Cash payments provide the greatest savings, but numerous financing options for solar panels that are financially advantageous are now available. Many installers work with financing partners and will include this information in your initial quotes.
Yes, the typical payback time for 5 kW solar panel systems in Madison County, AR is 0 years, and the expected electricity cost savings over 20 years is $31,629.6.
Savings from 
Environmental Impacts 
