Solar Panels Cost 12k-21k in Van Buren, AR | October, 2024

Solar Panels Cost $12k-$21k in Van Buren, AR | October, 2024

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How much do solar panels cost in Van Buren, AR in 2024?

Currently, in Van Buren, AR in the month of October, 2024, the price per each watt of solar panels is $3.44/W.

It will cost you $3,440, on average, for every 1K (or 1000 watts) of capacity that your solar panels have. After deducting the 30% federal tax credit, a 5 kW system in Van Buren typically costs $12,040. Please note that a larger system might be essential to ensure your energy needs are met.

To your left, you have the option to choose your county and view the typical roof size along with the average maximum capacity for solar panel installations on homes in your area. The following analysis, 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.
Van Buren: $12,040US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Van Buren: 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.
Van Buren: $15,363US Average: $15,784

Solar Potential in Van Buren

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

Roof size 947sq. ft.
Capacity 13.25kW DC
Electricity 16.8kkWh AC per yr.

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

Energy consumers in Van Buren usually pay $135.68 per month for electricity, consuming an typical of 1,108 kWh. Compact dwellings, such as condos and apartments, are also encompassed in the figures noted in the previous sentence.

The rate of electricity in Van Buren, AR, on average, is 12.24¢ per kWh in October 2024.

If you’re an average energy user in Van Buren you need a 9 kW or higher sized system to cover your full electricity demands. The price of aa 9 kW solar installation is approximately $30,960 initially, but with a 30% tax credit, the total cost drops to $21,672.

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Average solar panel costs by system size in Van Buren

To the left below, you'll find the cost breakdown for various sizes of the solar panel systems installed in Van Buren. A bigger solar array will expectedly cost more, but it will also provide more significant electricity savings and increased income tax credits.

The calculator to the right and below provides a detailed summary of solar panel costs and benefits, based on an average electric bill of $135.68 in Van Buren. For a more accurate estimate, change the $135.68 with your usual electricity bill amount.

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 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.07 tons a year
  • Equivalent to planting 187 trees a year
  • Equivalent to driving 10,068 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 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.88 tons a year
  • Equivalent to planting 224 trees a year
  • Equivalent to driving 12,082 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 10 years
Environmental Impacts
  • Reduces CO2 emissions by 5.69 tons a year
  • Equivalent to planting 262 trees a year
  • Equivalent to driving 14,095 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 $120
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 6.51 tons a year
  • Equivalent to planting 299 trees a year
  • Equivalent to driving 16,109 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,624 a year
Est. Price
$21,672
Savings from a 9kWthis system
  • Est. yearly production 13,535 kWh
  • Est. monthly savings $135
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 7.32 tons a year
  • Equivalent to planting 336 trees a year
  • Equivalent to driving 18,122 mi less a year

Van Buren Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and farmlands might have their solar energy or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Think you are eligible? Use our REAP Grant eligibility tool to verify your qualification.

With the 30% federal income tax credit, nearly all homeowners qualify for residential solar, making it a practical option in many regions in the United States. Furthermore, many state and local programs are intended to encourage more people to use solar power.

Residents of Arkansas can access 4 solar rebate and incentive programs from a range of 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?

If your intention is to stay in your home beyond the solar payback period, choosing solar panels is a good option in Van Buren. A 5 kW solar system in Van Buren, AR could potentially save you $20,523.2 over the course of 20 years, with the break even point typically at 7 years.

The cost of not having solar panels in Van Buren, AR

Beyond forgoing the savings highlighted above, the absence of solar panels or another backup energy solution leads to total dependency on your electric utility for power. Many recent news reports have highlighted that relying entirely on your utility isn't always ideal.

Lately, the average number of utility outages per customer annually in Van Buren has been about 1.54. On average, an outage lasts 156.22 minutes. Major events such as earthquakes, aging infrastructure, or planned maintenance can significantly extend these time frames.

A solar energy system, regardless of whether it has a backup battery or not, should help relieve the strain of future power outages you may face.

Power Outages

Currently, 0 customers are being tracked in Crawford County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Van Buren, AR?

Your Energy Needs - Larger solar panel setups come with a greater price tag, yet the cost per watt reduces as the size of the system expands. A lot of people find it useful to set up a solar energy system that can offset their entire electric bill. This ensures optimal savings.

Make & Model - Solar panels are offered in a range of makes and models. The installer you select may have certain system preferences, so it's important to select a reputable installer. For buyers desiring a superior long-term experience, choosing better quality makes and models is important.

Solar Panel Type - For good reasons, monocrystalline panels have become the standard in the industry. These panels are more expensive but generate more energy. The majority of installers in the industry use panels made of this material.

Your Property - Each property and home is one of a kind. Trees, uneven ground, or additional hindrances can increase the difficulty of installing solar panels. Using satellite images, solar installers currently can assess your home and include these elements into the preliminary cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these expenses are passed on to the consumers. It is frequently observed that companies with higher wages get superior reviews for their services and customer service.

Permitting & Interconnection - Your installation cost will be impacted by area-specific permitting and utility interconnection fees. That said, experienced local installers will be able to integrate these numbers into your preliminary 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 Van Buren?

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.

Van Buren, AR Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Van Buren, AR is $3.44/W. In Van Buren, AR, installing a 5 kW solar panel system will set you back approximately $12,040 after federal tax incentives.

  • 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.

  • While cash payments offer the most savings, there are now many financing options for solar panels that are also financially beneficial. Financing partners are often associated with many installers, and this will be provided in your initial quotes.

  • Yes, the average 5 kW solar panel payback period in Van Buren, AR stands at 7 years, yielding average electricity savings of $20,523.2 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01