14 Best Solar Companies in Little Rock, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Little Rock

When picking a solar company, most homeowners or business owners wonder about the costs above all. There are quite a few factors you should consider when trying to figure out the overall cost and how much you can save, such as:

• Energy consumption: Solar may be an expensive investment for homes that don't consume too much energy each month.
• How much energy costs for you: The typical household in Little Rock spends around $940 a year on energy alone, so you could be looking at that much in savings.
• Your income and budget: This shapes what type of solar panels you can get.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Additionally, you can save about $14,000 over 20 years on your utility bills, not including incentives.

Due to the cost of solar panels being lower than before as well as several solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Little Rock

Since solar power is better for the environment than fossil fuels, there are some government incentives available to encourage people to make the switch. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Little Rock

Many want to do their part for the planet, which for many is the chief reason they're interested in installing solar panels. Something many homeowners might have in mind is how much can they really help protect the environment by going solar anyway? Everyone can help protect the planet by switching to solar energy, but homes that use a lot of energy will have an even bigger impact. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. As you can see, investing in solar has so many other perks apart from saving money. One of the primary ones is that you can help save the planet too.