Solar Panels Cost 14k-23k in Walnut Ridge, AR | October, 2024

Solar Panels Cost $14k-$23k in Walnut Ridge, AR | October, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

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

In Walnut Ridge, AR in October, 2024, the average price per watt for solar panel systems is estimated at $3.37/W

Each 1 kW (1000 watts) of solar power capacity will cost you $3,370 for installation. Subtracting the 30% federal tax credit, a 5 kW panel install in Walnut Ridge generally costs $11,795. Please consider, a 5kW system may not be sufficient to meet your energy requirements.

On the left side, select your county to discover the typical roof size and the maximum capacity of solar panel systems for homes in your area. Displayed below is an analysis of 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.
Walnut Ridge: $11,795US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Walnut Ridge: 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.
Walnut Ridge: $18,845US Average: $15,784

Solar Potential in Walnut Ridge

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

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

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

The average kWh usage for Walnut Ridge residents is 1,148 monthly, with an average electric bill of $148.73. It is crucial to understand that this statistic encompasses the energy consumption of apartments and other compact living spaces.

For October 2024, Walnut Ridge, AR's average electricity rate amounts to 12.95¢ per kWh.

In Walnut Ridge, a system size of 10 kW or more is required for the average energy user to account for their full power needs. The upfront cost for a 10 kW setup is $33,700, but after a 30% tax credit, your total comes down to $23,590.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Walnut Ridge

On the left side below, you can find a detailed price breakdown for multiple solar panel system sizes installed in Walnut Ridge. Naturally, with a more extensive solar system, there will be a larger initial investment, but the advantages consist of higher electricity savings and greater income tax credits.

The breakdown of costs and benefits for solar panels, displayed in the calculator below and to the right, is based on an average electric bill of $148.73 in Walnut Ridge. Change the $148.73 to your average bill payment for custom results.

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 4.83 tons a year
  • Equivalent to planting 222 trees a year
  • Equivalent to driving 11,946 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 9 years
Environmental Impacts
  • Reduces CO2 emissions by 5.63 tons a year
  • Equivalent to planting 259 trees a year
  • Equivalent to driving 13,937 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 6.44 tons a year
  • Equivalent to planting 296 trees a year
  • Equivalent to driving 15,928 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 $147
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 7.24 tons a year
  • Equivalent to planting 333 trees a year
  • Equivalent to driving 17,920 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,955 a year
Est. Price
$23,590
Savings from a 10kWthis system
  • Est. yearly production 15,039 kWh
  • Est. monthly savings $149
  • Full payback in 13 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

Walnut Ridge Solar Panel Installation Incentives & Rebates | 2024

Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing photovoltaic or wind energy systems. Believe you might qualify? Use our REAP Grant eligibility tool to confirm your eligibility.

Installing residential solar panels comes with a 30% federal tax credit, accessible to most homeowners, making it a good option for many areas across the country. Additionally, there are numerous state and local incentives to further promote the adoption of solar energy.

Different utilities and governmental bodies in Arkansas offer 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?

When you intend to live in your home beyond the payback period of your solar system, solar panels are an excellent choice in Walnut Ridge. If you install a 5 kW solar system in Walnut Ridge, AR, you might save $23,900.2 over 20 years on average, with a break even point at roughly 7 years.

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

Beyond missing out on the savings noted above, the absence of solar panels or an alternative backup energy solution leads to total dependency on your electric utility for power. As evidenced by recent news stories, full reliance on your utility company is not always ideal.

Each year, the average number of outages per customer in Walnut Ridge is about 2.13. The average length of an outage is 284.21 minutes. In events like heavy rain and flooding, planned maintenance, or equipment failure, this duration can extend significantly.

Installing a solar panel system, irrespective of whether it features a backup battery, could reduce the pressure of future outages you might encounter.

Power Outages

Currently, 0 customers are being tracked in Lawrence County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

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

Your Energy Needs - Though the initial cost of larger solar panel systems is larger, the price per watt diminishes as the system gets larger. It is often beneficial for consumers to set up a solar system that can produce enough electricity to offset their electric bill, which results in substantial savings.

Make & Model - Solar panels and mounting equipment, just like many other products, come in different makes and models. The installer’s preference for brand makes it essential to pick a reputable company. Better quality materials often result in a more positive long-term experience for buyers.

Solar Panel Type - There's a good reason why monocrystalline panels are now the industry standard. They have a higher price but are more efficient. Most solar panel installers use panels made of this type of material.

Your Property - Each property and home has its own characteristics. Factors like trees, uneven land, or other impediments can make the installation more challenging. With the use of satellite images, solar installers these days can evaluate your home and include these considerations into the first cost estimate.

Labor Rates - Various wages are offered to employees by various companies, and these costs are transferred to the consumers. Businesses paying more to their employees often garner higher reviews for their services and customer service.

Permitting & Interconnection - Your final installation price will be affected by the permitting and utility interconnection fees, which vary by area. Experienced local installers will include these figures in your initial estimates to guarantee transparency.

See what solar panels cost in other AR cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Walnut Ridge?

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.

Walnut Ridge, AR Solar Panel Cost FAQs

  • In October, 2024, the typical price per watt for solar panels in Walnut Ridge, AR is $3.37/W. The approximate cost of a 5 kW solar panel system in Walnut Ridge, AR, after deducting federal tax credits, is $11,795.

  • There are 4 rebates and incentives available in Arkansas from a range of utility providers and government organizations. Additionally, almost everyone is entitled to the 30% federal income tax credit.

  • Cash payments yield the greatest savings, but many financing options for solar panels that are cost-effective are now available. Many installers have financing partners and will provide this information in your initial quotes.

  • Yes, the typical payback time for 5 kW solar panel systems in Walnut Ridge, AR is 7 years, and the expected electricity cost savings over 20 years is $23,900.2.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01