Do you live in Arkansas and are looking to find a renewable energy solution? Are you wondering if you should look into solar panels?
Arkansas is a pretty sunny state, it gets 217 sunny days. That makes it a great place to go solar. There are a lot of benefits to using solar panels, and you should find a solar panel provider near you to learn more.
Keep reading to learn more about the benefits of solar panels in Arkansas.
Get Tax Breaks and Incentives
Arkansas offers a few tax breaks and incentives for solar panels. The state offers a sales tax exemption on the purchase and a Property Tax Incentive. In addition, the Arkansas Renewable Energy Incentive Program offers a rebate for a portion of the cost of solar panels for residential and commercial customers.
Sales Tax Exemption on the Purchase of Solar Panels
This is available for a limited time for customers who meet certain qualifications. To claim the exemption, customers must present a valid Solar Tax Exemption Certificate at the time of purchase. The certificate must be obtained from the Arkansas Department of Energy and must be renewed every two years.
Property Tax Incentive
This incentive is in the form of a tax credit, which reduces the amount of property taxes you owe by up to 50%. This incentive is available for both residential and commercial properties.
Arkansas Renewable Energy Incentive Program
This is a rebate for the installation of solar panels on eligible properties. The program is open to both residential and commercial properties, and the rebate amount is based on the amount of electricity generated by the solar panels. The program is administered by the Arkansas Department of Energy, and rebates are paid out on a first-come, first-served basis.
The program offers a tax credit of up to 25% of the cost of installing a solar photovoltaic system, with a maximum credit of $500. In addition, the program offers a rebate of up to $2,000 for installing a solar system on your primary residence. The rebate is available for systems that are installed on your primary residence or a secondary residence, such as a vacation home.
Federal Tax Credit
Arkansas offers a federal tax credit for solar panels of up to 30% of the cost of the system. This solar panel tax credit can save Arkansas homeowners and businesses thousands of dollars on the installation of a solar panel system. With the federal solar tax credit, Arkansas is one of the most affordable states in which to go solar.
Save Money on Your Electric Bill
The average home in Arkansas spends about $2,500 on energy costs every year. Solar panels can help offset these costs by generating electricity from the sun.
In fact, the average solar panel system can save a home about $1,000 per year in energy costs. That’s a huge saving that can make a big difference in a family’s budget.
With the sun providing free and renewable energy, you can avoid the high monthly cost of electricity. Solar panels require little to no maintenance.
Once they are installed, you can enjoy free energy for years to come. With solar panels, you can also enjoy peace of mind knowing that you are doing your part to help the environment.
Get Paid for the Power You Produce
Arkansas’s Net Metering program allows you to sell the excess solar power you generate back to the utility company. This means that not only can you save money on your energy bills, but you can actually make money as well.
In order to receive net metering credits in Arkansas, customers must first have their system approved by their utility provider. Once the system is up and running, the customer will receive a credit on their bill for each kilowatt hour (kWh) of electricity generated by their system.
The customer will continue to receive credits until their bill is paid in full. If the customer generates more electricity than they use in a given billing period, the excess credits will be carried over to the next billing period.
Reduce Your Carbon Footprint
Solar panels produce energy from the sun, which is a renewable resource. This energy can be used to power your home, and it doesn’t produce harmful emissions. When you use solar panels, you’re helping to reduce pollution and combat climate change.
Increase Your Property Value
Solar panels in Arkansas can increase your property value by an average of $17,000. Properties sold for 20% more than comparable properties without solar panels.
They are a great investment for any homeowner, and they can have a significant impact on your property value. If you are considering installing solar panels, be sure to consult with Blue Raven Solar to ensure that you get the best return on your investment.
Solar Panels are Durable and Long Lasting
Solar panels are made of tough, tempered glass and can withstand hail, high winds, and other severe weather conditions. They are also resistant to fire and insects.
They can last for 20 to 30 years with little or no maintenance, so you won’t have to worry about replacing them for many years. They are also low maintenance, so you won’t have to spend time and money on upkeep.
Create Jobs in the State
One of the most important benefits is that they create jobs in the state. Solar panel installation and maintenance create jobs for electricians, roofers, and other tradespeople. These jobs can’t be outsourced, so they provide good, stable employment for Arkansans.
Solar panels also help to diversify the state’s economy and make Arkansas less dependent on fossil fuels. With the state’s abundant sunshine, they have the potential to generate a lot of electricity.
Solar Panels in Arkansas
Overall, solar panels in Arkansas provide many benefits for residents. They are a renewable source of energy that can help reduce dependence on fossil fuels, save money on energy bills, and create jobs in the state.
Solar panels also have a positive environmental impact, helping to reduce greenhouse gas emissions and air pollution. Arkansas residents interested in installing solar panels should contact a local solar installer to learn more about the process and find out if solar is right for them.
Did you find this content interesting and helpful? If you did, you’re in the right place because we have more where this came from. Keep reading our blog to find more interesting and informative articles on different topics.
Leave a Reply