Over the past decade, the solar energy industry has grown exponentially. Renewable energy is going to play a large role in our society in the future, and people are already preparing for it.
You may be asking yourself “are solar panels worth it in Arizona?” and have a difficult time finding the answer. The simple answer is “yes,” but that’s often not enough to sway skeptics.
But, solar energy is an industry that will prove to be increasingly valuable for both investors and consumers. Read on to discover the key attributes of solar panels in the state of Arizona.
Are Solar Panels Worth It In Arizona?
Yes!!! Let’s take a look at the following reasons why solar panels are worth it in Arizona:
Arizona Will Pay For 25% Of The Cost
The Arizona government offers tax incentives to those who install solar panel systems into their home. This incentive, known as a solar energy credit, can be worth up to 25% of the cost of the solar panel device.
This government credit is also good for various solar panel systems, such as cooling, lighting, and general electricity.
For those looking to cut costs, this is a perfect way to save money both from the government and through more efficient electricity usage.
You can also use our calculator to figure out how much it would cost to install a solar panel system in your region.
Water Heating Costs Less With Solar
Heating water can comprise a significant portion of your energy bill, especially during the colder months. Through solar panel installation, you’ll be able to use solar energy to heat up the water in your home.
During the winter, this means that your longer, hotter showers will have less of an impact on your energy usage.
During hotter months, you’ll see an even greater reduction in energy usage for heating water. Thus, solar energy is beneficial for more than just lights and air conditioning.
You may still be wondering “are solar panels worth it in Arizona?” One of their most recognizable benefits is…
Arizona Has More Sunny Days Than Any Other State
The sun is never going to run out of energy (at least not in our lifetime). Therefore, there will always be an unlimited source of power for solar panels to draw from.
This is a strong advantage over other forms of energy such as oil and gas, as both of those are finite. Taking advantage of solar panels now will allow you to save vast amounts of money in the future as fossil fuels become more scarce.
Arizona Has The Sunniest Cities In The US
According to NerdWallet, Arizona ranks in the top 5 for “Sunniest Cities in The US” with Yuma, Arizona ranking #1, Phoenix, Arizona ranking #4 and Tuscon, Arizona ranking #5. With so many sunny days, you can understand why solar can be so beneficial in Arizona.
Lowers Your Carbon Footprints
Pollution has longterm negative effects on both local environments and the planet as a whole. Luckily, many companies and individuals alike are now choosing to reduce their carbon footprint as much as possible.
Without the use of fossil fuels, solar panel systems will provide energy that is far cleaner than that from other sources.
Walmart Saved $4.8 Million With Solar
“Walmart U.S. installed 240 solar projects through 2013, saving approximately $4.8 million” says Walmart.com. It is safe to say that solar must have some kind of money saving potential or one of the biggest retailers in the world wouldn’t be planning on making the shift to every store they own. The cost of commercial solar is pretty affordable in Arizona and can save your business a ton of money.
Save Money Right Away
Because the cost to finance solar is less expensive than what you are currently paying the utility company, you will save money day 1!
It doesn’t cost any money out of pocket to get your solar system installed unless you are paying for your system with cash. The average cost of solar panels in Arizona is about $24,500 and can be paid off in about 7 years.
Average 8 years you will be finished paying off your solar system and will only have an average electric bill around $375 per year (Utility Fee for having solar).
Lock in your utility cost for the Next 25 Years
Unstable utility rates are always going up and never going down. That’s why it is more important than ever to go solar now to avoid paying even more for electricity than you are already paying.
Maximize Federal Tax Credits When You Pay Cash
Monetize your tax credits better when you pay cash. The financing or leasing company gets more of the tax credits when you finance or lease your solar panels. Paying cash is the best way to monetize your tax incentives
Example: If you pay $30,000 cash, 30% of that will be a federal tax credits ($9,000 tax credit) If your tax liability is equal to or greater than 30% of your gross system cost, you will get that back in your tax refund after the first year.
The higher your electricity bill the higher amount you will save
Homeowners with a power bill of 250 can potentially save roughly 16,000 in the first 12 years.
Yes… Solar Are Panels Worth it in Arizona!
Yes! Solar panels are worth it in Arizona! With long-term savings and fewer carbon emissions, solar panels will be one of the heavy hitters when it comes to energy sources in the future. Due to the high amount of sunshine Arizona experiences, it’s also a prime location for them.
But, some people may still be on the fence despite the benefits. Not sure if they’re right for you? You can learn more about solar panels on our blog.
Get A Free Solar Quote Anywhere In Arizona
No matter if you live in Tempe, Surprise, Tuscon, Phoenix, Mesa or anywhere else in Arizona, Alternative Energy, LLC can help with residential and commercial solar panel installation. Save even more when you combine solar with our other revolutionary energy saving products!