Solar Panels Cost 11k-21k in Russellville, AR | November, 2024

Solar Panels Cost $11k-$21k in Russellville, AR | November, 2024

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

On average, in Russellville, AR in the month of November, 2024, the price per watt of solar systems is $3.36/W.

For every 1000 watts (1 kW) your solar system can generate, you will have to spend, on average, $3,360 to have it installed. In Russellville, a 5 kW panel install will cost you, on average, $11,760 after the 30% federal income tax credit. However, a 5kW system might not be sufficient to meet your energy requirements.

To the left, you have the option to select your county and find out the average roof size along with the average maximum capacity for residential solar in homes in your area. Displayed below is a summary of the 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.
Russellville: $11,760US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Russellville: 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.
Russellville: $16,951US Average: $16,169

Solar Potential in Russellville

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

Roof size 1,073sq. ft.
Capacity 15kW DC
Electricity 18.5kkWh AC per yr.

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

The typical electric bill for a Russellville energy consumer is $140.63, with monthly usage typically at 1,076 kWh. Bear in mind, this figure encompasses smaller residential units such as apartments, which usually have lower energy needs.

In November 2024, the average electricity rate in Russellville, AR amounts to 13.07¢ per kWh.

In Russellville, the average electricity user must have a solar power setup of 9 kW or higher to satisfy their full energy needs. Presently, a 9 kW solar system will be priced at around $30,240upfront, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $21,168.

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Average solar panel costs by system size in Russellville

Shown on the left side, you will find a comprehensive price breakdown of the different sizes of solar panel systems installed in Russellville. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can gain.

The cost-benefit analysis for solar panels, shown in the calculator down and to the right, is based on an average electric bill of $140.63 in Russellville. Swap the $140.63 with your typical electricity bill to get more detailed results.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $978 a year
Est. Price
$11,760
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 4.19 tons a year
  • Equivalent to planting 193 trees a year
  • Equivalent to driving 10,377 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,173 a year
Est. Price
$14,112
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 5.03 tons a year
  • Equivalent to planting 231 trees a year
  • Equivalent to driving 12,453 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,369 a year
Est. Price
$16,464
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 5.87 tons a year
  • Equivalent to planting 270 trees a year
  • Equivalent to driving 14,528 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,564 a year
Est. Price
$18,816
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 6.71 tons a year
  • Equivalent to planting 308 trees a year
  • Equivalent to driving 16,604 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,760 a year
Est. Price
$21,168
Savings from a 9kWthis system
  • Est. yearly production 13,535 kWh
  • Est. monthly savings $141
  • Full payback in 13 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

Russellville Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and agricultural operations might have their photovoltaic or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Believe you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.

Homeowners can take advantage of a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option in much of the country. Together with federal efforts, state and local programs help to support the use of solar power.

Arkansas features 4 solar rebate and incentive initiatives provided by multiple utilities and government organizations.

Solar incentives in AR

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 you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Russellville. Over a 20 year time frame, a 5 kW solar system in Russellville, AR could save you approximately $21,991.2, with the average break even time being 7 years.

The cost of not having solar panels in Russellville, AR

The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and are wholly reliant on your electric utility for electricity. As shown by numerous recent news reports, complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Russellville is 1.52. The average length of an outage is 262.94 minutes. However, during significant events such as vandalism, overloaded power grids or hurricanes, this duration can grow considerably.

A solar energy system could reduce the effects of future outages, whether or not it has a backup battery.

Power Outages

Currently, 0 customers are being tracked in Pope County.

Learn more

Customers Out:

0

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

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size grows. Installing a solar panel system that can cover the electric bill is useful to individuals because of the reduced long-term costs.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. The system preferences of your chosen installer can make it essential to choose a reputable company. Opting for better quality equipment can provide a much better long-term experience for the buyer.

Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They are costlier but provide more energy. Many professionals in solar installation work with panels made from this material.

Your Property - Every home and property differs in its own way. Challenges such as sloping terrain, trees, or other considerations can increase the difficulty of installing solar panels. Solar installers now have the ability to leverage satellite images to evaluate your home and include these considerations in the initial cost estimate.

Labor Rates - The pay employees receive from their employers differ, and these expenses are borne by the consumers. Paying higher wages frequently results in companies receiving better reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will influence your installation cost. Quality local installers will integrate these numbers into your initial quotes to avoid any surprises.

See what solar panels cost in other AR cities

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Who are the best solar installers in Russellville?

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

  • Solar systems for selling electricity back to the grid.
  • 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.
  • Expertise in consulting on advantageous financing for solar.

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • 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.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.

Harvest Solar

Jackson, MI(888) 907-6527

Services

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

Fluent Solar

Lehi, UT(844) 220-7415

Services

  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.

LightEdison

Denver, CO(888) 966-6377

Services

  • Reparation of batteries.
  • 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.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Russellville, AR Solar Panel Cost FAQs

  • In November, 2024, the typical price per watt for solar panels in Russellville, AR is $3.36/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Russellville, AR is roughly $11,760.
  • Utilities and government agencies in Arkansas are currently offering 4 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.
  • Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also financially beneficial. Installers frequently provide financing options and will specify them in your initial quotes.
  • Yes, the average 5 kW solar panel payback period in Russellville, AR stands at 7 years, yielding average electricity savings of $21,991.2 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-11-04