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SOLAR PANELS IN MULBERRY, 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 MULBERRY

Solar energy is a clean and renewable source of energy that is becoming increasingly popular among homeowners in Mulberry, Arkansas. There are many benefits to using solar energy, including cost-effectiveness, environmental friendliness, and energy independence. Solar energy is a cost-effective way to power your home. Solar panels can generate electricity for free, and the cost of solar panel systems has been declining in recent years. In fact, according to a study by the U.S. Department of Energy, homeowners in Mulberry who switch to solar energy can save an average of $15,000 over 20 years. This is because solar energy systems produce electricity at a lower cost than traditional energy sources, and homeowners can even sell excess energy back to the grid, further reducing their bills. Solar energy is an environmentally friendly way to power your home. Solar panels do not produce any emissions, so they do not contribute to air pollution or climate change. In fact, solar energy is one of the cleanest and most sustainable forms of energy available. Solar energy can help you achieve energy independence. By generating your own electricity, you are not reliant on the grid. This can be a valuable asset during power outages or other emergencies.

Additionally, solar energy can help you save money on your electric bill. Overall, there are many benefits to using solar energy. Solar energy is a cost-effective, environmentally friendly, and energy independent way to power your home. If you are considering investing in solar energy, be sure to do your research and consult with a qualified solar installer. Here are some additional benefits of solar energy for homeowners in Mulberry: * Solar energy can increase the value of your home. According to a study by the National Bureau of Economic Research, homes with solar panels sell for an average of \$15,000 more than similar homes without solar panels. * Solar energy can protect you from rising energy costs. The cost of electricity is constantly rising, but the cost of solar energy is relatively stable. This means that by investing in solar energy, you can lock in your energy costs for the long term. * Solar energy can help you reduce your carbon footprint. By using solar energy, you can reduce your reliance on fossil fuels and help to fight climate change. If you are interested in learning more about solar energy, there are many resources available to you. You can contact a local solar installer, visit the U.S. Department of Energy's website, or read one of the many books or articles on the subject.

LITTLE BIT MORE ABOUT SOLAR PANELS IN MULBERRY

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
0.09 ELECTRICITY RATE

The average residential electricity rate in Mulberry is 0.09 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 MULBERRY

  • 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 Mulberry.

  • REDUCE YOUR CARBON FOOTPRINT IN Mulberry

Solar energy is a renewable, carbon-free resource so it can help Mulberry 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 Mulberry

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 Mulberry . 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 Mulberry

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 Mulberry, 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

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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.