Is It Worth Getting Solar Panels In Arizona

Arizona solar energy tax credit.

Is it worth getting solar panels in arizona.

Yes solar panels are absolutely worth it in arizona. All told there are roughly 400 solar companies in arizona making it convenient for residents when it comes time to shop for an installer. While solar leases and power purchase. Given a solar panel system size of 5 kilowatts kw an average solar installation in arizona ranges in cost from 11 432 to 15 468 with the average gross price for solar in arizona coming in at 13 450.

Already tens of thousands of arizonans have installed panels to make electricity for them. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Arizona has more sunny days than any other state and the federal government will take care of 30 of the cost. The grand canyon state offers a dynamic combination of bountiful sunlight and record low solar prices thanks to its lucrative state tax credit.

When homeowners realize that arizona is the third best state for solar after california and north carolina it s hard not to see the appeal of installing a pv system in 2018. Solar energy s popularity is a good thing for the earth however its long historyin az means that some of the most lucrative rebates and incentives have expired. Therefore a solar panel installation in the state will likely produce more energy annually than a system of the same size installed elsewhere such as in the northeast. Arizona is one of the sunniest states in the u s.

How are you financing your solar panel system. Arizona s solar energy credit is equal to 25 of the costs of a solar system up to 1 000. To find out how much solar panels cost in arizona you can enter your average aps or salt river project monthly power bill into the solar estimate solar panels square feet roof space calculator it will show you how many solar panels you need and how many square feet of roof space you will need for these panels. The hotter your panels get the less productive they are said ronald roedel the director of the solar energy engineering and.

Experts say solar panels perform better in colder temperatures. Solar panels can increase your home value by 2 3 in az save you up to 100 on electricity and more. Not only do arizona residents get to take advantage of the federal tax credit but they can also receive the state s solar energy credit. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands.

On the other hand economies of scale and stiff competition have caused a drop in the average price of systems in the state. That is a significant amount of savings on your income taxes.