Benefits of Solar Energy
Solar energy offers multiple advantages. Let's look at a few of them.
- Reduced carbon footprint: Using clean solar power reduces your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Better energy independence: Solar systems with battery storage work through blackouts and emergencies, and you won't have to depend on the power grid for your safety and well-being.
- Reduced energy costs: Generating some or all of your own power will cut power costs long-term.
What Solar Incentives Are Available to Bentonville Homeowners?
Arkansas agencies and electric companies offer a number of solar incentives to help cut your solar system costs. Here is a breakdown of relevant solar programs where you live.
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Bentonville
The purchase price and effectiveness of solar panels often rely on which company installed them. Make your choice based on the following crucial aspects.
Licensing and Training
Solar contractors in Arkansas must be licensed plumbers to install water heating systems or licensed electricians to install PV systems. Depending on their specific licensure, your contractor will have at least 4-5 years of experience and verify their educational credentials with the state Contractors Licensing Board. You should also visit a company's website to learn about its private certifications. Two of the most respected are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Bentonville
Your photovoltaic panels' model will affect how much electricity you can generate. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total project price, but they can increase your solar system's efficiency. Not all solar providers provide these add-ons, so look for a contractor that installs them if it's a priority for you.
Generally speaking, it will cost about $17,450 for a five-kilowatt solar array in Bentonville. This table displays more specific prices for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Bentonville
There are numerous ways to pay for a solar energy system, and the right one will minimize your overhead. A few of the most common options include loans, leases, cash payments, and power purchase agreements (PPAs). Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like an auto or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a PPA lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be appropriate in certain circumstances. Ask each company you're evaluating about the payment plans it offers. A salesperson can help you determine the most suitable option for your financial situation.
The table below lists the average payback periods for different capacities of solar systems in Bentonville.
You are eligible for a 26% federal tax credit for new solar power systems until the year 2032. Municipal and state governments and utility companies might also offer rebates, discounts, and specialized financing options that could save you more.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Bentonville
How much money could I save by going solar in Bentonville?
How common is solar energy in Bentonville?
Should I expect a boost in my property value after installing solar panels?
How can I assess my site's solar suitability?
How long is a Bentonville solar panel's average lifespan?
What care do my solar panels need, and how frequently do they need it?
How can I maximize my solar panels' performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
To share feedback or ask a question about this article, send a note to our Reviews Team at email@example.com.