Solar Panels Cost 11k-21k in Marion, AR | October, 2024

Solar Panels Cost $11k-$21k in Marion, AR | October, 2024

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

The average cost per watt for a solar panel installation in Marion, AR in October, 2024 is $3.37/W.

It will cost $3,370, on average, for every 1K (or 1000 watts) of capacity that your solar panels have. When you consider the 30% federal tax credit, a 5 kW solar panel system in Marion will set you back $11,795. It's vital to consider that a more extensive system could be necessary to fulfill your energy requirements.

By selecting your county on the left, you can find out the average roof size and the maximum capacity for solar panels on homes in your area. The following outline, below, highlights the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Marion: $11,795US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Marion: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Marion: $17,204US Average: $15,784

Solar Potential in Marion

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

Roof size 2,002sq. ft.
Capacity 28kW DC
Electricity 35.2kkWh AC per yr.

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

The standard monthly kWh usage for a Marion resident is 1,079, with an average monthly bill of $141.89. Flats and other smaller residences with lower energy consumption are included in this figure.

In October 2024, the electricity rate in Marion, AR is 13.15¢ per kWh.

In Marion, typical consumers has to have a system size of 9 kW or greater to fully account for their entire energy consumption demands. The expense for a a 9 kW solar panel installation is approximately $30,330 before any incentives, but the federal tax credit gives you back 30%, bringing the price down to $21,231.

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Average solar panel costs by system size in Marion

To the left, you'll see a detailed price breakdown of the different sizes of solar panel systems set up in Marion. Even though a more extensive solar installation comes with a greater cost, it also provides greater electricity savings and larger income tax credits.

In the solar panel cost calculator found below and to the right, you can see a cost and benefit breakdown to match an average $141.89electric bill in Marion. For custom results, update the $141.89 to what your average electricity bill is.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $978 a year
Est. Price
$11,795
Savings from a 5kWthis system
  • Est. yearly production 7,519 kWh
  • Est. monthly savings $81
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.22 tons a year
  • Equivalent to planting 194 trees a year
  • Equivalent to driving 10,446 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,173 a year
Est. Price
$14,154
Savings from a 6kWthis system
  • Est. yearly production 9,023 kWh
  • Est. monthly savings $98
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 5.06 tons a year
  • Equivalent to planting 233 trees a year
  • Equivalent to driving 12,535 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,369 a year
Est. Price
$16,513
Savings from a 7kWthis system
  • Est. yearly production 10,527 kWh
  • Est. monthly savings $114
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 5.91 tons a year
  • Equivalent to planting 271 trees a year
  • Equivalent to driving 14,624 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,564 a year
Est. Price
$18,872
Savings from a 8kWthis system
  • Est. yearly production 12,031 kWh
  • Est. monthly savings $130
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 6.75 tons a year
  • Equivalent to planting 310 trees a year
  • Equivalent to driving 16,714 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,760 a year
Est. Price
$21,231
Savings from a 9kWthis system
  • Est. yearly production 13,535 kWh
  • Est. monthly savings $142
  • 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

Marion Solar Panel Installation Incentives & Rebates | 2024

If you own a farm or small business in a rural area, the REAP Grant might cover between 80% and 100% of your solar energy or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

With the accessibility of a 30% federal income tax credit, solar energy becomes a feasible solution for most homeowners, especially in various parts of the country. Alongside federal incentives, there are many state and local initiatives to encourage solar energy adoption.

Arkansas residents have access to 4 solar rebate and incentive initiatives from different utilities and governmental agencies.

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?

For homeowners in Marion looking to stay beyond the payback period of their solar system, solar panels are the best choice. In Marion, AR, a 5 kW solar system installation might save you $22,258.6 on average over 20 years, with a usual break even point of 7 years.

The cost of not having solar panels in Marion, AR

Without solar panels or another backup power source, you miss out on the earlier mentioned savings and are entirely dependent on your electric utility for electricity. Recent news has proven that full reliance on your utility company isn't always ideal.

The average number of outages per customer per year in Marion is 1.94. On average, the length of an outage is 346.11 minutes. Major events like tornadoes, grid management errors, or wildlife damage can cause these durations to rise considerably.

Even without a backup battery, a solar panel system could ease the strain of possible future power disruptions you may face.

Power Outages

Currently, 0 customers are being tracked in Crittenden County.

Learn more

Customers Out:

0

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

Your Energy Needs - Though the initial cost of larger solar panel systems is greater, the price per watt reduces as the system gets larger. For most homeowners, setting up a system that can generate enough power to eliminate their entire electric bill is advantageous, providing significant savings.

Make & Model - Like many other products, there are different makes and models of solar panels on the market. Your installer’s system preferences might necessitate choosing a recommended contractor. The selection of high-quality makes and models can substantially improve the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. Despite the higher price tag, these panels provide greater energy output. Most installation experts use panels made from this material.

Your Property - Each property and residence is unique. Issues such as trees, uneven landscapes, or other impediments may add to the complexity of the installation. Most solar installers now are able to utilize satellite imagery to assess your home and incorporate these factors in the initial cost estimate.

Labor Rates - Employees receive varying wages from different companies, and these costs are passed on to the consumers. Higher wages typically lead to companies getting better reviews for their work and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees vary by area and will affect your final install price. Quality local installers will build these figures into your initial estimates to prevent any surprises.

See what solar panels cost in other AR cities

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Who are the best solar installers in Marion?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • 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.
  • Reparation of solar arrays.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Monitoring of independent energy generation.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for 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.

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

  • Reparation of solar arrays.
  • 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.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Fluent Solar

Lindon, UT(866) 736-1253

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

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 batteries for energy storage.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Marion, AR Solar Panel Cost FAQs

  • As of October, 2024, the average cost for solar panels in Marion, AR is $3.37/W. Installing a 5 kW solar panel system in Marion, AR will cost approximately $11,795 after applying the federal tax credit.

  • Residents of Arkansas can currently take advantage of 4 rebates and incentives offered by various utilities and government bodies. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • Even though paying cash yields the best savings, there are now multiple financing options for solar panels that are also financially beneficial. Installers typically partner with financing companies and will include this information into your initial quotes.

  • Yes, the average 5 kW solar panel payback period in Marion, AR stands at 7 years, yielding average electricity savings of $22,258.6 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01