13 Best Solar Companies in Farmington, AR (Jan 2023 Review)

The Cost and Benefits of Solar in Farmington

The cost of putting up a solar panel system has decreased immensely over the past few years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• Typical energy usage: The more power your household consumes on average and the steeper your current power bills are, the more money you could save by going solar.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can result in an average of $16,000 of savings over 20 years.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Farmington

There are several reasons why you should switch to solar. One of them includes some government incentives that can save you money. Local solar incentives vary by location and, sometimes, utility company. Many states offer rebates for solar power systems, in addition to the federal solar tax credit. In our article on solar incentives, you can find out about the incentives you qualify for in Farmington.

Environmental Impact of Switching to Solar in Farmington

One of the most compelling reasons to embrace solar energy is to decrease your dependence on traditional energy sources like burning fossil fuels, which are destructive for the environment. But — how much exactly can you help by making the switch to solar? In a city like Farmington where energy use is particularly high, going solar is a great plan for those who are worried about the state of the planet. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 100 pounds each year. As you can see, investing in solar has so many other rewards beyond saving money. One of the major ones is that you can help save the Earth too.