17 Best Solar Companies in Fayetteville, AR (Mar 2023 Review)

The Cost and Benefits of Solar in Fayetteville

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to set up your panels. Some key things that impact how much it will cost and how much you could save include:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• Electricity consumption: The average home in Fayetteville uses a lot of energy, and so may see more savings on electricity bills than other places.
• Average daily sunlight: Since Fayetteville gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much you can save on your energy bills.
• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

There are lots of wonderful benefits of solar despite the initial cost of installation. It can help the planet and your wallet. In addition, it can raise the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Fayetteville

Since solar power is better for the environment than burning fossil fuels, there are some government incentives in place to encourage its adoption. When you install solar panels on your house, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there are often some local incentives that you can use to further save. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Fayetteville

Swapping traditional energy for solar is a great way to do your part for a more environmentally-friendly future. Something many might be thinking about is how much can they really help protect the environment by going solar anyway? If your family consumes lots of energy, you can help the environment even more by switching to solar power. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. For those who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.