Solar Panels Cost 18k-28k in Paragould, AR | October, 2024

Solar Panels Cost $18k-$28k in Paragould, AR | October, 2024

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

Going solar averages out to $3.37 per watt in Paragould, AR in October, 2024.

Applying this cost, we are able to conclude that for every 1 kW (1000 watts) your solar panel system can generate, you will need to spend, on average, $3,370 for its installation. A 5 kW solar installation in Paragould is typically approximately $11,795 after accounting for the 30% federal income tax credit. Remember, a larger system may be necessary to satisfy your energy needs effectively.

On the left side, choose your county to see the average roof size and the maximum capacity of solar panels for homes in 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.
Paragould: $11,795US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Paragould: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Paragould: $14,216US Average: $15,784

Solar Potential in Paragould

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

Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 15.8kkWh AC per yr.

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

The average electricity cost for Paragould consumers is $129.44 per month, with a usage of 1,379 kWh. Compact apartments are also encompassed in the figures noted in the previous sentence. The lower energy use in these types of residences impacts those averages.

In October 2024, the electricity rate in Paragould, AR averages 9.38¢ per kWh.

In Paragould, an average electricity consumer's needs probably will be completely accounted for by a solar system of 12 kW or higher. Before any incentives, a 12 kWsetup will cost approximately $40,440, but with a 30% federal tax credit, the price drops to $28,308.

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Average solar panel costs by system size in Paragould

Presented on the left, you will find a price breakdown for different solar panel system sizes set up in Paragould. Although a more extensive solar installation does come with a larger expense, it also offers greater electricity savings and higher income tax credits.

In the calculator provided down and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $129.44 electric bill for Paragould. For a more detailed estimate, change the $129.44 with your average electricity bill amount.

System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,083 a year
Est. Price
$18,872
Savings from a 8kWthis system
  • Est. yearly production 12,031 kWh
  • Est. monthly savings $90
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 5.15 tons a year
  • Equivalent to planting 236 trees a year
  • Equivalent to driving 12,743 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,218 a year
Est. Price
$21,231
Savings from a 9kWthis system
  • Est. yearly production 13,535 kWh
  • Est. monthly savings $102
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 5.79 tons a year
  • Equivalent to planting 266 trees a year
  • Equivalent to driving 14,336 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,353 a year
Est. Price
$23,590
Savings from a 10kWthis system
  • Est. yearly production 15,039 kWh
  • Est. monthly savings $113
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 6.44 tons a year
  • Equivalent to planting 296 trees a year
  • Equivalent to driving 15,929 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $1,489 a year
Est. Price
$25,949
Savings from a 11kWthis system
  • Est. yearly production 16,543 kWh
  • Est. monthly savings $124
  • Full payback in 17 years
Environmental Impacts
  • Reduces CO2 emissions by 7.08 tons a year
  • Equivalent to planting 325 trees a year
  • Equivalent to driving 17,522 mi less a year
System Size 12kW
Roof Size Min. space required
858 ft²
Electricity Value Annual Production $1,624 a year
Est. Price
$28,308
Savings from a 12kWthis system
  • Est. yearly production 18,047 kWh
  • Est. monthly savings $129
  • Full payback in 18 years
Environmental Impacts
  • Reduces CO2 emissions by 7.36 tons a year
  • Equivalent to planting 338 trees a year
  • Equivalent to driving 18,218 mi less a year

Paragould Solar Panel Installation Incentives & Rebates | 2024

For rural farms and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing solar energy or wind energy systems. Think you might be eligible? Confirm your qualification with our REAP Grant eligibility tool.

With the availability of a 30% federal income tax credit, solar energy becomes a practical solution for nearly all homeowners, notably in various parts of the country. Alongside federal incentives, there are many state and local efforts to support solar energy adoption.

Arkansas residents have access to 4 solar rebate and incentive programs from different utilities and governmental organizations.

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?

If your plan is to stay in your home past the time it takes to pay off your solar system, installing solar panels is a good move in Paragould. A 5 kW solar system in Paragould, AR might save you an average of $19,270.6 over 20 years, with the break even point usually being 8 years.

The cost of not having solar panels in Paragould, AR

The lack of solar panels or an alternative energy backup means you'll miss out on the earlier mentioned savings and be entirely reliant on your electric utility for power. The news has given several examples showing that total dependence on your utility isn't always the best idea.

Residents in Greene County have encountered an average of 2.5 utility outages per year in recent times. The average duration of each outage is 160.4 minutes. During severe events like construction accidents, overloaded power grids or hurricanes, these times can grow significantly longer.

A solar panel system, whether or not it has a backup battery, could help reduce the impact of future outages you might encounter.

Power Outages

Currently, 0 customers are being tracked in Greene County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems come with a greater upfront cost, but the price per watt is reduced. Individuals often find that installing a solar system that can replace their electric bill is very advantageous. This method leads to maximum savings.

Make & Model - Just like other industries, the solar energy sector features a wide range of solar panel and mounting equipment brands and designs. Given the particular system preferences an contractor might have, selecting a highly rated contractor is crucial. The utilization of high-quality materials is likely to result in a more favorable long-term experience for buyers.

Solar Panel Type - It's obvious why monocrystalline panels are now the preferred option in the industry. These panels are more expensive, yet they provide more energy. Many installers tend to utilize panels made from this material.

Your Property - Every property and home is distinct. Sloped land, trees, or other considerations can make the installation more difficult. Many solar installers these days are able to utilize satellite imagery to assess your home and factor in these aspects in the initial cost estimate.

Labor Rates - Companies offer different wages to their employees, and these costs are eventually borne by the consumers. Often, businesses paying more in wages also enjoy higher ratings for their services and customer service.

Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Reliable installers will factor these costs into your initial quotes to prevent unexpected expenses.

See what solar panels cost in other AR cities

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Who are the best solar installers in Paragould?

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.

Paragould, AR Solar Panel Cost FAQs

  • As of October, 2024, the average cost for solar panels in Paragould, AR is $3.37/W. For a 5 kW solar panel system, the total cost in Paragould, AR after federal tax credits is around $11,795.

  • Residents of Arkansas can currently take advantage of 4 rebates and incentives offered by various utilities and government bodies. Moreover, the 30% federal tax credit is accessible to nearly everyone.

  • Although cash payments offer the greatest savings, numerous financing options for solar panels now exist that are also beneficial. Many installers work with financing partners and will include this information in your initial quotes.

  • Yes, homeowners in Paragould, AR can expect 5 kW solar panels to pay off in 8 years, with an estimated $19,270.6 in electricity savings during a 20-year span.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01