Cost of Solar Panels in Arkansas: Local Solar Installation Prices (2022)

Here’s a quick look at the estimated cost of solar in Arkansas:

  • Average Cost Per Watt: $2.54
  • Cost of Average System: $20,676*
  • Cost of Energy Without Solar: $43,507
  • Payback Period: 14 Years**
  • Lifetime Savings of Going Solar: $15,567

*Average system size is calculated using data from the Energy Information Administration. This price is after tax credit.
**Payback period is calculated assuming the system is purchased in cash.

Ecowatch Author Karsten Neumeister

By Karsten Neumeister, Solar Expert

Updated 5/18/2022

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Find Cost Savings on Solar in Arkansas

As a homeowner in Arkansas, you may be wondering: How much do solar panels cost in your area? In this article, we’ll discuss the average cost of a solar installation, how much that can save you on energy for your home and what incentives are available in your region. If you want to jump straight to getting a quote for an installation, you can follow the links below to speak with a verified professional.

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Cost of Solar Panels in Arkansas

The cost of solar panels in Arkansas is $2.54 per watt on average, which is lower than the U.S. national average of $2.66 per watt. An 11-kilowatt solar panel system is the size that most Arkansas residents install on their homes to offset the average energy bill of $110.1 Using these figures, a solar power system has an average cost of $20,676 in Arkansas (after receiving the federal solar tax credit). 

However, this is just an estimate, and various factors will affect the total cost of a solar energy system for your Arkansas home. We’ll dig into these below.

Solar Panel System Installation Cost in Arkansas

The below table shows the average cost of solar panel systems in Arkansas before and after factoring in the federal solar tax credit. The size of your solar energy system directly correlates with how much energy it can produce. If you’re hoping to eliminate your electricity bills completely, the size of your system is critical to achieving your goals. Many Arkansas homeowners can completely offset their power bill and sell energy back to the grid with net metering. 

Size of Solar Panel System Arkansas Solar Panel Cost Cost After Federal Tax Credit
8 kW $20,320 $15,037
9 kW $22,860 $16,916
10 kW $25,400 $18,796
11 kW $27,940 $20,676
12 kW $30,480 $22,555
13 kW $33,020 $24,435
14 kW $35,560 $26,314

Want to see the best solar companies in Arkansas that offer affordable, high-quality systems? Click here.

What Determines the Cost of Solar Panels in Arkansas?

Several factors determine the cost of solar panels for your Arkansas home. Three primary categories represent the main sources of input for the overall cost: the solar equipment you install, the financing option you choose and the solar installation company that handles your solar project. 

Solar Equipment

As with most products available on the market today, solar photovoltaic panels come in a variety of specifications, brands and quality levels. The type of equipment you choose to install plays a significant role in your total cost. Generally, high-efficiency, high-wattage solar panels are more expensive than their less-efficient, lower-wattage counterparts. 

Some homeowners may find that the higher-efficiency and -wattage monocrystalline panels are ideal for their needs. And despite the elevated price tag, they’re often worth it, as they offer a higher return on investment over time. 

You can estimate the number of solar panels you’ll need based on how much sun your home gets, the area of your roof and your past utility bills. If you plan on purchasing a power-hungry appliance or electric car in the future, you may want to account for that potential extra energy use to save on upcoming electricity bills. 

Solar Financing

When you decide to incorporate a solar renewable energy system into your home, you have three primary options for payment: cash purchase, solar loan or lease. Buying with cash is always the more cost-effective option, as the price you see on your solar estimate is the price you pay — no extra payments or hidden fees will be tacked on down the line. 

A solar loan is not as cost-effective as paying the balance in full, as you will likely accrue interest, which drives up the overall cost. However, whether you buy your solar panels outright or take out a loan, you can take advantage of the federal solar tax credit, reducing your overall price considerably.

Solar leases are the least cost-effective option. They don’t let you take full advantage of the cost savings solar panels provide, as you’re not eligible for any financial incentives, like the federal tax credit, if you don’t own the system. 

Solar Installation Company

The particular solar installation company you choose also contributes to your system’s total price. As you browse through the solar companies that serve Arkansas, you’ll likely notice price differences from company to company. 

Some companies give much higher solar quotes than their competitors, which usually results from higher overhead costs, different types of panels (with higher efficiencies) or other factors. This doesn’t mean that you should go with a different company, though — you should choose a trustworthy company that both fits within your budget and offers high-quality installations. 

Arkansas Solar Incentives

Although fewer financial incentives are available for Arkansas residents than homeowners in other states, the somewhat limited options are better than nothing. Since solar panel installations can present steep upfront prices, every little bit can help reduce costs. 

Arkansas Solar Incentive How it Affects the Cost of Solar Panels in Arkansas
Net Metering Arkansas has solid net metering policies, which enable homeowners to send the excess power their solar energy system generates back to the local power grid in exchange for credits from their utility companies. These credits can be put toward future utility bills.
Local Solar Rebates & Incentives Depending on your municipality and utility company, there may be additional incentives available to you. We recommend doing some research to ensure you’re maximizing your savings.
Federal Solar Tax Credit The federal solar investment tax credit (ITC) is available to all U.S. homeowners. It’s currently valued at 26% of installed system costs, but it will be reduced to 22% in 2023 and will disappear for residential systems in 2024 unless the federal government extends it.

Best Solar Panel Brands and Installed Solar System Costs in 2022

As mentioned, the solar equipment you choose will play a role in how much your solar system costs in Arkansas. Here are how the top solar panel brands compare in terms of average cost per watt:

Solar Panel Brand Average Cost Per Watt ($-$$$$$)
LG Solar $$$
Canadian Solar $$
JA Solar $$
Mission Solar $$
Panasonic $$
Q Cells $$
REC $$$
Silfab $$$
SunPower $$$$$
Tesla $$
Trina Solar $$$


People Also Ask 

EcoWatch FAQ: Solar Panel Cost Arkansas

We get questions every day from homeowners looking for information about electricity rates, warranties, interconnection and other solar-related topics. Here are some of the questions we see most often from readers in Arkansas:

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Karsten Neumeister

Solar Expert

Karsten Neumeister is a solar energy specialist with a background in writing and the humanities. Before joining EcoWatch, Karsten worked in the renewable energy sector of New Orleans, focusing on solar energy policy and technology. A lover of music and the outdoors, Karsten might be found rock climbing, canoeing or writing songs when away from the workplace.