Tax incentives and rebates

The Inflation Reduction Act offers up to 30% tax credit against the cost of solar systems, while the Arizona Residential Solar Energy Tax Credit provides Sahuarita residents a 25% tax credit (up to $1000 personal income tax rebate) against the purchase of a home solar system. Sahuarita residents can also benefit from property tax exemption on the appreciated home value from solar panel installation and a 5.6% state sales tax exemption for solar equipment.

Boost property value

The value of energy-efficient and independent homes increases by $20 for every $1 you save in energy bills. Additionally, potential buyers are also willing to pay almost 4.1% more than the market value for homes with solar panel installations.

Long-term energy savings

Solar panels can save you a significant amount, and after a certain period, they pay for themselves. Here are some numbers to shed light on long-term energy savings with solar panel systems:

1. Average monthly electricity consumption: 1,179 kW
   Average electric rate: 16 ¢/kWh
2. Average monthly bill: $189
3. Solar system buyback period: 5.45 years
4. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $53,636 (assuming a 2.1% increase in annual rates and $0-down loan)

In the short term, Arizona’s net billing and solar buyback initiatives can help you earn bill credits to reduce your immediate energy costs.

Environment friendly

Solar is a widely available, easily accessible, and sustainable energy source that can help your house minimize its grid reliance. This way, you not only reduce your carbon footprint but also contribute toward net-zero emission goals.