Electrical fires are frequently caused by low-voltage AC series arc faults, which can result in significant injuries and property damage. The installation of arc-fault detection devices is mandated or recommended in many regions and countries across the world, yet the current devices’ detection accuracy is insufficient to completely eliminate the risk posed by arc faults. The method based on artificial intelligence is a solution with high detection accuracy, but the AI model is a ‘black box’. When a misjudgment occurs, the cause of the model error cannot be found fundamentally, and the modification and light weight of the model also presents significant difficulties when using the approach. Given the aforementioned issues, this research proposes a novel lightweight low-voltage AC arc-fault detection method based on the explainability approach. By applying the attention mechanism approach and performing a visual analysis, the contribution of arc features to model detection is determined. Model input data optimization and model structure simplification are achieved at the same time as increased model detection accuracy. Ultimately, an experimental prototype for arc-fault detection is designed and validated. Test results demonstrate the effectiveness of the method by demonstrating that the lightweight model maintains 99.69% detection accuracy, even after optimizing the input data by 80% and reducing the model parameters by 51.52%.