Rent Solar Panels Arkansas

The main practical distinction between buying and leasing a solar pv system is in ownership.

Rent solar panels arkansas.

The tax break reduces. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat. We ve created a tool that asks you a few questions and recommends whether you should pursue a solar lease loan or outright purchase.

The solar strategy section is focused on the 3 ways of paying for solar in arkansas so you can decide which is best for you. Solar panels have fallen in price by more than 80 in the last ten years. Are solar panels worth it in arkansas. As states establish new renewable energy goals and incentives there s a growing opportunity for landowners and commercial property owners to lease their land or rooftops for solar.

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. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. Through solar land leases landowners can create decades of long term income a financial legacy for your family and your land. Rent solar provides mobile solar energy and solar generator units available for rent or for sale making clean solar energy accessible for anyone.

You also have access to an excellent net metering policy which maximizes savings obtained per kwh produced by your pv system. What you ll find on this page. In 2020 they also remain subsidized by the 26 federal tax credit and the net metering law making them an excellent investment.