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SOLAR PANELS IN HOT SPRINGS VILLAGE, AR

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solar payback
AVERAGE PAYBACK
PERIOD
8 YEARS
solar money
20 - YEAR
SAVINGS
$20,150
solar casg
SOLAR PANEL COST
PER WATT
$1

THE BENEFITS OF SOLAR IN HOT SPRINGS VILLAGE

Solar energy is becoming increasingly popular among homeowners in Hot Springs Village, Arkansas, and for good reason. Not only is it a clean and renewable source of energy, but it also offers numerous benefits for homeowners. One of the main advantages of solar energy is its cost-effectiveness. By investing in solar panels, homeowners can significantly reduce their electricity bills in the long run. This is especially important for residents of Hot Springs Village, where the summers can be extremely hot and air conditioning costs can skyrocket. With solar panels, homeowners can generate their own electricity and reduce their reliance on the grid, saving them money in the long term.

Another benefit of solar energy for homeowners in Hot Springs Village is its reliability. Unlike traditional energy sources, solar energy is not affected by power outages or blackouts. This is especially important in areas prone to severe weather, such as Arkansas. By having a solar energy system installed, homeowners can have peace of mind knowing that they will still have access to electricity even during power outages. Additionally, solar energy systems have a long lifespan, with most panels having a warranty of 25 years or more. This means that homeowners can benefit from clean and renewable energy for many years to come, making it a wise investment for their homes and the environment. Overall, solar energy offers numerous benefits for homeowners in Hot Springs Village, making it a smart and sustainable choice for their energy needs.

LITTLE BIT MORE ABOUT SOLAR PANELS IN HOT SPRINGS VILLAGE

solar panels
3.75 HOURS PEAK SUN

A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².

solar panels
0.10 ELECTRICITY RATE

The average residential electricity rate in Hot Springs Village is 0.10 Cents per Kilowatt Hour.

solar panels
26 INCENTIVES AND TAX CREDITS

There are 26 solar policies and incentives in the state of Arkansas. These incentives and tax credits help reduce the cost of solar panels in order to promote this source of renewable energy. View all Incentives and Tax Credits in Arkansas on dsireusa.org.

WHY SHOULD YOU CONSIDER GOING SOLAR IN HOT SPRINGS VILLAGE

  • YOU CAN SAVE ON YOUR UTILITIES BILL

At the most basic level, solar panels are devices that take in the sun’s rays and convert them into electricity or heat. Once the sun hits the panels, the energy is made into electricity. A solar inverter helps turn the electricity into power that can be used. The more panels you have on a roof, the more solar electricity you can produce! Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it in Hot Springs Village.

  • REDUCE YOUR CARBON FOOTPRINT IN Hot Springs Village

Solar energy is a renewable, carbon-free resource so it can help Hot Springs Village to combat greenhouse gas emissions and reduce dependence on fossil fuels. While there are what some call hidden carbon footprints regarding the manufacturing of solar panels, once installed, it is carbon free. In order for the panels to be carbon neutral meaning save more than was used during manufacturing, the solar panels will need to be in operation for 3 years. After these 3 years, the system will remain carbon neutral for the rest of its lifespan. The carbon footprint of solar panel’s is around 20% less than the carbon output of electricity sources powered by coal. Furthermore, for a system size of 6kw, there is a reduction of around 6.3 metric tons of carbon emission per year.

  • TIME SENSITIVE INCENTIVES

The Solar Investment Tax Credit, also known as the Federal Solar Tax Credit, aims to help grow solar energy in the United States. In order to help reduce the initial cost of solar, all U.S. solar customers are eligible for a tax credit for 26% off their solar system if it is installed and turned on, generating power, by the end of 2022. This tax credit can be claimed by any U.S. homeowner as long as the system is on your primary or secondary residential location. This incentive is time sensitive as in 2024 it will not be available to homeowners. Additionally, the percentage decreases in 2023 to 22%. Learn more about the Federal Solar Tax Credit at Energy.gov.

  • IMPROVE THE VALUE OF YOUR HOUSE IN Hot Springs Village

The National Renewable Energy Laboratory says that installing solar panels is viewed as an upgrade and homebuyers across the country are willing to pay a premium for the economic and environmental benefits of a solar home. Additionally, homes with solar panels often sell faster than those without. The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20 in Hot Springs Village . More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.

  • FIGHT AGAINST RISING ELECTRICITY COSTS IN Hot Springs Village

It is no surprise that electricity costs have been increasing. The cost of electricity has risen dramatically in the last ten years and that trend is expected to continue in Hot Springs Village, Arkansas. Read more about the rising electricity costs on Energy Information Administration page. According to the Energy Information Administration, the average nominal retail electricity price paid by U.S. residential electric customers rose at the fastest rate since 2008, increasing 4.3% from 2020 to 13.72 cents per kilowatthour in 2021. Solar panels are like an insurance policy against increasing electricity rates. With home solar, you get the power to control your energy’s future.

SINCE 2018 PEOPLE IN ARKANSAS HAVE SAVED ON AVERAGE $20,150

You can also join them, all you have to do is leave an application

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Disclaimer

All facts, figures, and information contained on this pages are generalizations for information purposes only. The specific figures for your address may vary. The Solar landscape is constantly evolving but here a few additional resources for you to stay up to date https://www.eia.gov/, https://www.seia.org/resources and https://www.energy.gov/solar.

The Quote Match is part of an integrated solar and home services marketplace and is not a solar installer, contractor, or government agency.© 2022 All Rights Reserved.