Provided are a solder alloy, which has excellent heat cycle characteristics and in which Cu erosion and yellowish discoloration are suppressed, and an increase in viscosity of a solder paste over time is suppressed, a solder paste, a solder ball, a solder preform, a solder joint, and a circuit. The solder alloy has an alloy composition consisting of, by mass %, 2.8% to 4% of Ag, 1.5% to 6% of Bi, 0.8% to 1.2% of Cu, 0.0040% to 0.025% of As, and a balance of Sn.