Is It Worth Getting Solar Panels In Arizona

Experts say solar panels perform better in colder temperatures.

Is it worth getting solar panels in arizona. 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. That is a significant amount of savings on your income taxes. There are additional factors that determine how much solar electricity you can produce. 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.

Arizona solar energy tax credit. 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. Arizona s solar energy credit is equal to 25 of the costs of a solar system up to 1 000. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

As of september 2020 the average solar panel cost in arizona is 2 69 w. How are you financing your solar panel system. 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. 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. The grand canyon state offers a dynamic combination of bountiful sunlight and record low solar prices thanks to its lucrative state tax credit. Arizona is one of the sunniest states in the u s. Already tens of thousands of arizonans have installed panels to make electricity for them.

Solar panels can increase your home value by 2 3 in az save you up to 100 on electricity and more. While solar leases and power purchase. All told there are roughly 400 solar companies in arizona making it convenient for residents when it comes time to shop for an installer. 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.

Arizona s endless sunshine continues to make rooftop solar panels an enticing proposal for homeowners. Arizona has more sunny days than any other state and the federal government will take care of 30 of the cost.