14 Best Solar Companies in Malvern, AR (Jan 2023 Review)

The Cost and Benefits of Solar in Malvern

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to set up your panels. Some significant things that affect the upfront cost and potential savings over time include:

• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your energy bills, which can generate an average of $18,000 of savings over 20 years.
• Energy consumption: Installing solar panels may be too pricey an option for families that don't use too much energy per month.
• Average daily sunlight: Since Malvern gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which affects how much you can save on your energy bills.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and incentives.

Solar Incentives in Malvern

Since solar power is better for the environment than burning fossil fuels, there are some government incentives available to encourage people to make the switch. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other state and city rebates and benefits. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Malvern

Lots of people want to do what they can to help the environment, which for many is the primary motivation to install solar panels. But how much can using solar energy instead of traditional energy actually affect the environment? The more energy you use, the better off the planet will be when you switch to solar since you won't need to burn as many fossil fuels. If you go solar, your carbon footprint can be lowered by about 70 pounds every year. Since solar power is plentiful and makes electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help protect the environment.