Solar Panels Cost 11k-21k in Wynne, AR | October, 2024

Solar Panels Cost $11k-$21k in Wynne, AR | October, 2024

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

During October, 2024, the average expense of solar panel installations in Wynne, AR was $3.37/W.

It will cost $3,370, on average, per 1K (or 1000 watts) your solar panels is able to generate. In Wynne, a 5 kW solar system will cost you, on average, $11,795 after the 30% federal income tax credit. Please keep in mind that a more powerful system could be essential to satisfy your energy demands.

To the left, you can choose your county to determine the average roof size and the maximum capacity of solar panel systems for houses in your area. Below, you'll see a detailed summary of the costs, payback period, and 20-year typical 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.
Wynne: $11,795US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Wynne: 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.
Wynne: $17,628US Average: $15,784

Solar Potential in Wynne

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

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

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

The average monthly cost for electricity in Wynne is $143.66, with typical usage at 1,101 kWh. Please note that the energy usage for apartments and other smaller living spaces is included in this figure.

The average rate for electricity in Wynne, AR during October, 2024 is 13.05¢ per kWh.

The typical energy consumer in Wynne will need a 9 kW or more solar setup to cover their entire energy consumption needs. The starting price for a 9 kW solar system will be $30,330, but after receiving a 30% federal tax credit, your expense drops to $21,231.

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Average solar panel costs by system size in Wynne

To the left and below, there is the cost breakdown for various sizes of the solar panel systems set up in Wynne. When you select a larger solar system, the cost is higher, but it also leads to more significant electricity savings and a larger income tax credit.

Check a cost benefit analysis in the solar panel cost calculator down and to the right, for an average electric bill of $143.66 in Wynne. Adjust the $143.66 to your usual bill payment for more accurate results.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $978 a year
Est. Price
$11,795
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 4.16 tons a year
  • Equivalent to planting 191 trees a year
  • Equivalent to driving 10,301 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,173 a year
Est. Price
$14,154
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 4.99 tons a year
  • Equivalent to planting 229 trees a year
  • Equivalent to driving 12,361 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 10 years
Environmental Impacts
  • Reduces CO2 emissions by 5.83 tons a year
  • Equivalent to planting 268 trees a year
  • Equivalent to driving 14,421 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 6.66 tons a year
  • Equivalent to planting 306 trees a year
  • Equivalent to driving 16,482 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 $144
  • Full payback in 12 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

Wynne Solar Panel Installation Incentives & Rebates | 2024

Rural small business owners and farmers could receive REAP Grant funding covering between 80% and 100% of their solar energy or wind turbine installation costs. Believe you fall into this category? Verify your qualification with our REAP Grant eligibility tool.

Nearly all residents can qualify for a 30% federal income tax credit for residential solar, which makes it a sensible option in various areas of the United States. On top of that, there are various state and local incentives to further encourage the adoption of solar energy.

Multiple utilities and government agencies in Arkansas provide 4 solar rebate and incentive initiatives.

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?

For those expecting to remain in their homes after the solar system's payback period, adding solar panels is a smart choice in Wynne. If you install a 5 kW solar system in Wynne, AR, you might save $22,683.4 over 20 years on average, with a break even point at approximately 7 years.

The cost of not having solar panels in Wynne, AR

If you don't have solar panels or an alternate backup power source, you miss out on the aforementioned savings and your household is completely dependent on your electric utility for electricity. Recent news reports have shown that total reliance on your utility is not always the best situation.

Each year, utility customers in Wynne have encountered an average of 1.34 outages per year. On average, an outage lasts 240.73 minutes. When major events such as wildfires, wildlife damage, or equipment failure occur, these durations can increase significantly

A solar panel system could lessen the burden of future outages, even if it is without a backup battery.

Power Outages

Currently, 0 customers are being tracked in Cross County.

Learn more

Customers Out:

0

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

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size expands. Many consumers realize it's a smart idea to install a solar system that can generate enough power to fully cover their electric bill, because it helps them reduce costs.

Make & Model - Similar to many other products, there are different makes and models of solar panels to choose from. The installer’s preference for brand makes it essential to select a reputable company. Choosing better quality materials usually ensures a more favorable long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have established themselves as the industry standard, and for good reasons. Although they are pricier, they generate increased energy. Most installers use panels constructed from this material.

Your Property - Every home and property differs in its own way. Challenges like trees, irregular terrain, or other impediments can increase the difficulty of installing solar panels. Solar installers currently commonly use satellite imagery to assess your home and include these considerations into the preliminary cost estimate.

Labor Rates - The differing wages that companies give their employees result in costs that are inevitably passed on to consumers. It is typical for companies that offer higher wages to get better reviews for their services and customer service.

Permitting & Interconnection - The fees for local permitting and utility interconnection, which vary by area, will influence the cost of your installation. Reliable installers will factor these costs into your first 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 Wynne?

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.

Wynne, AR Solar Panel Cost FAQs

  • In October, 2024, the average cost of solar panels per watt in Wynne, AR is $3.37/W. The cost of installing a 5 kW solar panel system in Wynne, AR is about $11,795 post federal tax credit.

  • There are 4 rebates and incentives available in Arkansas from a range of utility providers and government organizations. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • While paying cash ensures the most savings, numerous financing options for solar panels exist that also are financially sensible. Financing options are often provided by installers and may be included in your initial quotes.

  • Yes, in Wynne, AR, 5 kW solar panel systems usually pay off in 7 years, providing an average electricity cost savings of $22,683.4 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01