IS SOLAR WORTH IT IN ARIZONA?
If you are living in Arizona and want to reduce your electricity bills or upgrade towards renewable energy, the short answer is “YES”. Arizona is one of the hottest regions in the United States with an ample amount of sunlight. In addition, there are multiple incentives available for Arizona residents to offset the cost of solar. For these reasons, Arizona is an ideal state for solar panels.
Benefits of Going Solar in Arizona
Although the upfront costs can be high, the benefits of solar energy in Arizona are clear. Here are a few reasons why you should consider going solar if you are living in Arizona.
- Lowering Your Electricity Bills
The number one reason why homeowners decide to go solar is to save money on their home energy expenses. After installing a solar panel system, you can enjoy decades of low electricity bills or possibly eliminate them.
- Reducing Carbon Footprint
Our country is moving away from fossil fuels and transitioning to renewable energy. Among those, solar energy is the cheapest and the most accessible one for homeowners. By switching to solar, you can do your part to reduce carbon emissions and lower your impact on the environment.
- Giving Yourself Control Over Rising Electricity Prices
You may have already noticed that your utility bills increase every year. Unfortunately, there is so sign of this stopping. And as long as you depend on utility companies for your electricity, there is little to nothing you can do. However, the energy produced by your solar energy system has a fixed price. Your electricity expenses will be stable and predictable, whether or not the electricity prices continue to rise in the future.
- Adding Value to Your Home
Installing solar panels for your home is a great investment because it will increase your home value. Studies show that houses with solar energy systems have higher market values and are sold faster and at higher prices than similar homes without solar panels.
However, solar panels are not perfect.
One major drawback of going solar, that concerns many Arizona homeowners, is the hefty upfront cost. Getting solar panels installed on your roof is a large investment, but the benefits are worth the consideration. The good news is that there are many solar incentives available to Arizona homeowners to help them reduce the costs of going solar.
The process of shopping for solar can also be stressful and confusing. With too much “overly-marketed” information and the aggressive sell tactics from many companies, it’s possible for homeowners to feel frustrated and even build resistance against going solar.
With that said, it’s extremely important to find a local reputable solar installer/company who can give you the information you need to know and assist you throughout the process of going solar. This company should also be familiar with all the solar incentives available in your state so that it can help you maximize your savings and return on investment.
HOW MUCH DO SOLAR PANELS COST IN ARIZONA?
The answer varies because, on top of the unit price, there are a lot of different factors that go into the total solar panel installation cost. These are, for example, the size of your house, how much electricity you use on average, the number of panels you need, add-ons, etc.
However, the state of Arizona has one of the best solar incentives in the country that allow homeowners to go solar at a lower cost.
Residential Arizona Solar Energy Credit
Arizona residents can enjoy state personal income tax credits when installing solar panels. The state will reimburse you 25% of your solar system’s total installation cost, with a $1000 maximum.
Solar Equipment Sales Tax Exemption
Arizona provides a 100% sales tax exemption for any eligible equipment that is used to install your solar panel system.
Energy Equipment Property Tax Exemption
This incentive provides a 100% property tax exemption on the increased value of your property after installing the solar panels. It basically means that although your house value will go up, your property tax won’t.
Federal Solar Investment Tax Credit (ITC)
This is one of the many ways the federal government implements to support solar energy growth in the United States. As of 2021, the ITC provides a 26% tax credit for solar systems on residential properties. It will stay at 26% until the end of 2022 and drop to 22% by 2023 until it ends in 2024.
ELITE SOLAR CONCEPTS – YOUR TRUSTED LOCAL SOLAR COMPANY
Going solar is easier than ever when you do it with us – At Elite Solar Concepts, our team is dedicated to making the process as smooth and painless as possible for you. From your initial quote to installation, we’ll be there every step of the way.
25-year warranty – Each system is covered with our 25-year warranty. We monitor and protect your investment so you always have peace of mind.
Hassle-free installation – As stated earlier, our team is here for you from start to finish. We only partner with the most trusted installation companies and work alongside them to ensure your system is installed with no issue.
Think you’re ready to take the next step? Even if you are not, contact us to find out more about solar and let us address all of your questions and concerns.