Are you a homeowner in Arizona considering solar installation? Arizona is one of the best states in the country for solar power. In this guide, we will cover everything you need to know about solar power in Arizona, from the financial incentives available to the average installation cost. After reading this guide, you will have all the information you need to make an informed decision about whether or not solar power is right for you.
The Benefits of Solar Power in Arizona
There are several reasons why homeowners in Arizona should consider solar power. First and foremost, solar power is a great way to save money on your electric bill. In fact, according to EnergySage, the average residential solar panel system in Arizona will save you $84 per month on your electric bill. Over the course of its lifetime. That means that, on average, a residential solar panel system will pay for itself in just over eight years.
Solar panel systems also have several environmental benefits. Solar power is a clean energy source that doesn’t emit harmful greenhouse gases into the atmosphere. In fact, according to the Environmental Protection Agency, a typical residential solar panel system will offset the equivalent of nearly four metric tons of carbon dioxide every year. That’s the equivalent of taking one passenger vehicle off the road.
Solar incentives in Arizona.
In addition to the financial and environmental benefits of going solar, several incentive programs are available to Arizonans who go solar. The federal government offers a tax credit for homeowners who install solar panel systems. The tax credit is equal to 26% of the installation cost and can be applied to federal and state taxes.
Arizona also offers cash rebates for homeowners who install solar panel systems through its Renewable Energy Property Tax Incentive program. The rebate amount varies depending on the size of the system and whether it’s used for residential or commercial purposes, but it typically ranges from $0.50 per watt to $1 per watt installed.
Solar power is a great option for homeowners in Arizona thanks to its numerous financial and environmental benefits. With incentives like tax credits and cash rebates available from the federal and state governments, there has never been a better time to go solar. Solar installation is a significant investment that requires careful consideration before making a decision. We hope that this guide has provided you with all the information you need to make an informed decision about whether or not solar installation is right for you.
Solar power saves you money.
Let’s start with the most obvious reason to switch to solar it will save you money on your energy bills. How much you will save will depend on various factors, including the size and orientation of your home, the average sun your property receives, and the type of solar panels you choose. However, according to EnergySage, the average homeowner in Arizona can expect to save about $84 per month by switching to solar. That comes out to over $1,000 in savings every year.
But it’s not just your monthly energy bills that will go down when you switch to solar. Thanks to generous state and federal tax credits, installing solar panels can lead to a hefty tax refund come April. In Arizona, homeowners can receive up to $1,750 back from the state after installing solar panels. Combined with the federal credit, which covers 26% of installation costs, your total potential savings are almost $5,000.
Solar power increases your home’s value.
In addition to saving you monthly on energy costs, going solar will also increase your home’s value. According to a study by Berkeley Lab, homes with installed solar panels sell 20% faster and for 17% more money than homes without solar power. So if you are considering selling your home in the near future, installing solar panels is a great way to boost its value.
Solar power helps combat climate change.
Of course, saving money and increasing your home’s value are great reasons to install solar panels. The most important reason is that doing so will help combat climate change. Burning fossil fuels like coal and natural gas release harmful greenhouse gases into the atmosphere – gases that are responsible for causing global warming. Switching to renewable energy sources like solar power helps reduce our reliance on fossil fuels and combat climate change.
As you can see, there are plenty of reasons why homeowners in Arizona should consider going solar. From saving money on your energy bills to increasing your home’s value to helping combat climate change, there are few investments that offer as many benefits as switching to solar power. So if you’re ready to make the switch, contact a reputable solar installer today and start reaping all the rewards that come with going green