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

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

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How much do solar panels cost in Pea Ridge, AR in 2024?

The current cost per watt for solar panel installations in Pea Ridge, AR in October, 2024 is $3.44/W.

In accordance with the price, we are able to come to the conclusion that for every 1 kW (1000 watts) of solar generation capacity will require an investment of $3,440 for installation. A 5 kW solar panel install in Pea Ridge averages approximately $12,040 after accounting for the 30% federal income tax credit. It's vital to consider that a more powerful system might be essential to meet your energy demands.

Choose your county from the menu on the left to see the average roof size and maximum solar panel system capacity for homes in your area. Additionally, you can also see an overview of the costs, payback period and 20 year average savings for a 5 kW system installed in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Pea Ridge: $12,040US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Pea Ridge: 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.
Pea Ridge: $10,767US Average: $15,784

Solar Potential in Pea Ridge

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

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

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

Energy consumers in Pea Ridge usually pay $116.53 per month for electricity, consuming an typical of 992 kWh. These numbers also cover apartments and smaller dwellings with less energy demand.

Pea Ridge, AR's electricity rate averages 11.74¢ per kWh in October 2024.

If your household uses a typical amount of electricity in Pea Ridge, you will need a solar panel system of 8 kW or larger to fully account for your full energy usage needs. The price of a an 8 kW solar panel system is approximately $27,520 upfront, but the federal tax credit provides a 30% credit, bringing the price down to $19,264.

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Average solar panel costs by system size in Pea Ridge

To your left, there is a detailed cost breakdown for the various solar panel system sizes set up in Pea Ridge. When you choose a larger solar system, the cost is larger, but it also yields higher electricity savings and a more substantial income tax credit.

The cost and benefit breakdown for solar panels, presented in the calculator down and to the right, is based on an average electric bill of $116.53 in Pea Ridge. Swap the $116.53 with your average electricity bill for custom 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 3.78 tons a year
  • Equivalent to planting 174 trees a year
  • Equivalent to driving 9,362 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 4.73 tons a year
  • Equivalent to planting 217 trees a year
  • Equivalent to driving 11,703 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 10 years
Environmental Impacts
  • Reduces CO2 emissions by 5.67 tons a year
  • Equivalent to planting 261 trees a year
  • Equivalent to driving 14,043 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 12 years
Environmental Impacts
  • Reduces CO2 emissions by 6.62 tons a year
  • Equivalent to planting 304 trees a year
  • Equivalent to driving 16,384 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 $117
  • Full payback in 14 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

Pea Ridge Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar or wind turbines for rural small businesses and farms. Curious if you qualify? Our REAP Grant eligibility tool can help you verify.

Homeowners can take advantage of a 30% federal income tax credit for installing residential solar panels, making solar power a sensible option across much of the country. Moreover, a number of state and local programs are available to incentivize solar adoption.

Multiple utilities and government organizations in Arkansas have 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?

If your goal is to maintain your home well past the payback period of your solar system, solar panels are an clear choice in Pea Ridge. A 5 kW system in Pea Ridge, AR will save the average homeowner, on average, $15,927.2 over a 20 period and the average break even point is 9 years.

The cost of not having solar panels in Pea Ridge, AR

Apart from missing out on the aforementioned savings, not installing solar panels or any backup energy system leaves you totally reliant on your electric utility for power. Recent news coverage has demonstrated that full reliance on your utility company isn't always the most favorable scenario.

Every year, customers in Pea Ridge face approximately 1.77 outages each year. On average, each outage lasts for 258.53 minutes. Major events like heavy rain and flooding, construction accidents, or overloaded power grids can considerably extend these durations.

Whether or not a backup battery is included, a solar panel system could reduce the impact of future power outages you might encounter.

Power Outages

Currently, 0 customers are being tracked in Benton County.

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Customers Out:

0

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What impacts the cost of solar panels in Pea Ridge, AR?

Your Energy Needs - While the upfront cost is larger, the price per watt declines with larger solar panel systems. Individuals often find that installing a solar system that can offset their electric bill is highly beneficial. This strategy results in increased savings.

Make & Model - As with many other products, there are different makes and models of solar panels and mounting equipment available. The brand preferences of your selected installer can make it important to pick a reputable installer. Buyers who opt for better materials generally enjoy a superior long-term experience.

Solar Panel Type - Monocrystalline panels have emerged as the industry standard, and deservedly so. Even though they are more expensive, they produce more energy. The majority of installers utilize panels constructed from this material.

Your Property - Trees, uneven land, or other obstacles can make the installation process more challenging. With the use of satellite images, many solar installers currently can evaluate your home and include these elements into the initial cost estimate.

Labor Rates - Variations in employee wages across companies cause expenses that are passed on to the consumers. Companies that invest in higher wages often see higher reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which differ by region, will influence your final installation cost. That said, reputable local installers will be able to build these numbers into your first quotes so there are no surprises.

See what solar panels cost in other AR cities

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Who are the best solar installers in Pea Ridge?

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.

Pea Ridge, AR Solar Panel Cost FAQs

  • The average solar panel cost in Pea Ridge, AR as of October, 2024 is estimated at $3.44/W. With the federal tax credit, the cost of a 5 kW solar panel system in Pea Ridge, AR drops to roughly $12,040.

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

  • While paying cash provides the most savings, various financing options for solar panels exist that also are financially sensible. Financing options from installers will often be detailed in your initial quotes.

  • Yes, in Pea Ridge, AR, the average time for 5 kW solar panel systems to pay for themselves is 9 years, leading to electricity savings of $15,927.2 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01