Is Solar Power Worth it in Arkansas?
Switching to solar power brings plenty of benefits to homeowners, business owners, and the planet. If you’re considering moving away from your traditional utilities in favor of installing solar panels in Arkansas, you need to consider several factors to ensure it’s the right decision for your situation. The most common question people have about solar panels is whether it’s worth it to make the switch. The majority of the time the answer is “yes” and we’ve explained why it makes more sense than ever before to switch to solar right now.
Solar Panels Have Decreased In Price Recently
Solar panels in Arkansas used to be too expensive for the average homeowner. However, within the last decade or so, the cost of the materials and installation has decreased significantly to make them a reasonable option for a larger portion of the population. Financing is available, so it’s simple to convert a large single payment into multiple smaller payments over time.
Take Advantage Of The Federal Tax Credit
A major benefit of installing solar panels in Arkansas now is the 26% federal tax credit. This credit will decrease to 22% in 2023 and will expire at the beginning of 2024. When thinking about the overall costs when deciding whether solar power is right for you, this tax credit needs to be factored in.
Net Metering Can Put Money Back In Your Pocket
Arkansas offers net metering for people with solar panels, so you could get a quicker return on investment as a result. When your solar panels produce more electricity than you need, the excess is sent to your utility provider to use. You will be compensated for the electricity you provide them in the form of a credit equal to the current electricity rate. It’s just another way solar panels in Arkansas can reduce your monthly energy bill.
Will You Earn Your Money Back On Your Solar Array?
Since your solar payment replaces your electricity bill, many customers start saving money in the first month. Over time, these savings add up and once your array is paid off, you are creating and using electricity for free! Ask your customer service representative about the estimated cost savings before installing your solar panels in Arkansas so you can get a better idea of your situation.
Keep The Lights On Without Burning Harmful Fossil Fuels
Aside from the cost benefits of switching to solar power, you’ll also be creating a better environment. Traditional electricity involves burning fossil fuels and releasing harmful emissions into the environment. As we become more conscious of our environment globally, you can play a small part in creating a cleaner planet by switching to solar power.
There has never been a better time to invest in solar panels in Arkansas, and Seal Solar is here to guide you along the way. The federal tax credit is set to decrease and ultimately expire in the next couple of years, so you can maximize your investment by making the switch now. It all starts with obtaining a free cost estimate, so contact us today to learn more and see if solar power is worth it to you.