Is solar power worth it in Arkansas? In Arkansas, consumption is above average, energy prices are below average and the price of solar equipment is well below average. Overall, going solar is usually considered a good investment in the state.
Does solar make sense in Arkansas? Arkansas continues to be a strong place to consider investing in home solar, because costs have fallen and there’s a high amount of sunshine blanketing the state. It also helps that there is a strong net metering policy in effect.
What is the average cost of solar panels in Arkansas? Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Arkansas ranges in cost from $12,410 to $16,790, with the average gross price for solar in Arkansas coming in at $14,600.
Are solar panels tax deductible 2022? In December 2020, Congress passed an extension of the ITC, which provides a 26% tax credit for systems installed in 2020-2022, and 22% for systems installed in 2023. (Systems installed before December 31, 2019 were eligible for a 30% tax credit.) The tax credit expires starting in 2024 unless Congress renews it.