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The Pros And Cons Of Leasing Solar Panels: What You Need To Know

Does Solar Make Sense in Phoenix, AZ

There are several reasons why Arizona is an industry leader in solar production and why solar makes sense in Phoenix. The state is blessed with an average of 300 days of sunshine per year1, which means there is an abundance of sunlight to harness for energy. Additionally, the temperature in Arizona is warm enough that solar panels can produce electricity even on cooler days.

Many homeowners are wondering if solar makes financial sense. The answer is a resounding yes! Solar panels will lower your monthly electric bill, and you may qualify for solar rebates and tax credits. In addition, solar panels increase the value of your home.

Why go solar?

The benefits of solar go beyond just saving money. Solar energy is a clean and renewable resource that helps to protect our environment. Burning fossil fuels releases harmful greenhouse gases into the atmosphere, but generating electricity from sunlight does not produce any emissions.

Solar loan Vs. Solar Lease
Workers installing alternative energy photovoltaic solar panels on roof

Installing solar panels can offset up to four tons of carbon dioxide each year. That’s the equivalent of planting 100 trees. Contact a solar company in Phoenix today if you are ready to save money and do your part for the environment. Solar panels are a wise investment that will pay for themselves many times over.

The Federal tax credit and incentives in Phoenix, AZ.

Going solar in Phoenix, AZ, can be a great way to save money on your electric bill, and there are many incentives in place to make it more affordable. The federal government offers a tax credit of 30% of the cost of installing a solar system, and there are also state and local incentives that can lower the cost even further.

Besides, solar tax exemptions, solar easements, and solar Renewable Energy Credits (SRECs) make going solar in Phoenix an even more attractive proposition. If you are yet to decide on whether solar is right for you, here are some of the benefits that might sway you.

Solar Power Lowers Electric Bills

Utility bills in Phoenix can be quite high, especially during the summer months when air conditioning is running non-stop. But with solar power, you can offset a significant portion of your electric bill. Many solar homeowners in Phoenix see their electric bills drop by 50% or more after going solar.

Solar Increases Home Value

Investing in solar can also increase the value of your home. A recent study by Zillow found that homes with solar systems sold for 4.1% more on average than homes without solar. So not only will you save money on your energy bills, but you will also see a return on investment if you decide to sell your home down the road.

How to decide if solar is a worthwhile investment?

Solar power is becoming increasingly popular as an energy source, but it’s not suitable for everyone. It’s essential to do your research to see if solar makes sense for you and your home before investing. There are a few things to consider when deciding if solar is right for you;

What’s your average electricity consumption?

Your average electricity consumption is important because it will give you an idea of how much your solar panels will offset. The average monthly electricity consumption in the U.S. is 914 kWh, but this can vary greatly depending on where you live and your usage.

How much sun does your home get?

Solar panels need sunlight to work, so it’s essential to consider how much sun your home gets before investing. Phoenix, Arizona, gets an average of about 300 days of sunshine per year, so there is plenty of sun for solar panels to work effectively.

What’s the cost of installation?

The installation cost is another vital factor to consider when deciding if solar makes sense for you. Solar panel installation can range from $10,000 to $30,000, depending on the size of your home and the number of panels you need.

What are the incentives?

Solar power has a variety of incentive programs that can help offset the cost of installation. The federal government offers a tax credit for solar panel installation, and many states have their incentive programs as well.

Does solar make sense for you?

Now that you have considered all the factors, it’s time to decide. Solar power is an excellent option for those who use a lot of electricity and live in sunny areas. The initial investment can be costly, but the long-term savings and environmental benefits make solar an appealing option for many homeowners.

At Advosy Energy, we are here to help you make the best decision for your home. Our solar experts will help you understand the process and answer any questions. We want you to make an informed decision about solar power, and we are here to help you every step. Call us today for professional solar installation in Phoenix, AZ.