17 Best Solar Companies in Vilonia, AR (Feb 2023 Review)

The Cost and Benefits of Solar in Vilonia

The cost of installing solar panels has decreased significantly over the past several years, but it's still a substantial investment for most homeowners. There are several factors you should consider when determining the overall cost and how much you can save, such as:

• Where your home is: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• Your income and budget: This affects what type of solar panels you can purchase.
• Incentives: Something that can make your solar project cost less 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 a decent amount of money on your utility bills, which can generate an average of $17,000 of savings over 20 years.
• Energy consumption: Installing a solar system may be a high-cost option for families that don't need a lot of energy per month.

Although a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your current power bills.

Solar Incentives in Vilonia

If you're thinking about switching to solar energy, several government incentives and state programs can drastically bring down your project costs and expedite the return on your investment. These incentives normally include cash rebates, tax credits and/or solar renewable energy credits. They can cut how much you end up spending on installing solar panels by 30%, upwards of 50% in some cases. Take a look at our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Vilonia

There are a few key reasons why homeowners want to invest in solar energy: to help their wallet and the environment. You may be asking yourself — how much does making the switch help the environment anyway? In a city like Vilonia where energy use is particularly high, installing solar panels is a good idea for those who want to do their part for the environment. While solar panel production emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Vilonia, you can reduce your carbon footprint by 70 pounds a year with solar panels. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.