The average cost for an installed residential solar system in arkansas is currently 11 677 after claiming the 26 federal solar tax credit.
Solar panel credit arkansas.
The residential renewable energy tax credit as the irs calls it can be an attractive way to save on the significant cost of installing solar panels or roofing an average sized residential solar.
You also have access to an excellent net metering policy which maximizes savings obtained per kwh produced by your pv system.
Simply sign up for personalized assistance on our special solar deals page.
Arkansas tax credits for solar panel systems.
Solar leasing is now available in arkansas opening up more options for you to go solar.
To claim the credit you must file irs form 5695 as part of your tax return.
This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.
This is 2 63 per watt.
Our network of solar experts are on call to assist you.
The federal solar tax credit also known as the solar investment tax credit or itc is the single most important solar incentive available in the united states.
If you end up with a bigger credit than you have income tax due a 3 000 credit on a 2 500 tax bill for instance you can t use the credit to get money back from the irs.
Arkansas has no state level incentives tax breaks and rebates for solar power but you have access to the 30 federal tax credit which can greatly reduce your initial investment when you install a pv array.
The december 18 bill contained a 5 year solar tax credit extension which makes solar energy more affordable for all americans.
Read on to explore the entire savings policy and incentive picture for home solar panel installation in arkansas.
Homeowners solar companies and industry advocates alike were given a big christmas gift in 2015 when congress approved the 2016 federal spending bill and extended the solar panel tax credit.
Solar panel cost in arkansas.
As of sep 2020 the average cost of solar panels in arkansas is 2 63 per watt making a typical 6000 watt 6 kw solar system 11 677 after claiming the 26 federal solar tax credit now available.
Arkansas solar power incentives tax breaks and rebates.
Arkansas has lots of sunshine and some laws that are favorable for solar power and renewable energy.
Take advantage of this credit before it s gone by contacting sunpro solar for more information and to schedule a free appointment.
Solar panel cost data arkansas 2020 updated.
Also keep in mind that the federal government offers a 30 tax credit for the whole installed cost of your system that s a huge benefit available to you no matter where you live in the us.
Filing requirements for solar credits.
