The solar industry is growing throughout the Natural State. From Little Rock to Fort Smith, more and more Arkansans are making the switch to solar each day (and saving on electricity costs by doing so). Learn more about the solar incentives currently available in Arkansas and how you can benefit:
The best way to compare your solar options and save money at the same time is by registering on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company. Read our updated article on the cost of solar panels to compare solar costs across states and by panel brand.
Arkansas net metering
Out of all solar incentives available in Arkansas, perhaps the most important is net metering: this incentive allows you to sell any excess solar electricity you generate back to the grid in exchange for credits. Residential systems under 25 kilowatts (kW) are eligible for the incentive, and you can carry over your excess electricity bill credits indefinitely.
Federal solar tax credit
Don’t forget about federal solar incentives! With the investment tax credit (ITC), now referred to as the Residential Clean Energy Credit for residential systems, you can reduce the cost of your PV solar energy system by 30 percent. Keep in mind that the ITC applies only to those who buy their PV system outright (either with a cash purchase or a solar loan), and that you must have enough income for the tax credit to be meaningful (unless you’re a tax-exempt entity, in which case you might be eligible for a direct payment).