Is Solar Worth It in Arizona?
Arizona’s arid climate and abundant sunshine create an ideal environment for harnessing solar energy. Ranking among the
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Peoria, AZ, mostly gets dry and long summers and short winters. The summers start in early March and stretch all the way to November. May to September are usually the sweltering months. The annual temperature varies between 43°F and 106°F. August is the only month that witnesses an average of 5.7 days of rain.
Commercial and residential property owners in Peoria, AZ, can leverage the warm weather to go solar. Solar panel installation comes with an initial reduction in cost due to state and federal tax benefits and long-term cost savings on monthly bills.
Going solar in Peoria, AZ is also an environmentally conscious choice. Solar power is a renewable form of energy that reduces global carbon emissions and significantly increases the resell value of your property.
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Solar Panel Cost CalculatorLooking to go solar and simplify the process? Look no further than our streamlined full solar services, where we take care of everything from design to monitoring—all in one place.
Our team will begin maximizing your potential savings by assessing all the incentives available to your specific address—from utility company to state & federal credits.
Next, we’ll design a system to meet your savings objectives. Icon Power will factor everything from energy usage to roof space while handling the entire permitting process.
Icon Power personally handles every aspect of a solar panel & battery storage installation. We are 100% vertical, meaning we’ll take care of your project from start to finish.
With our mobile app, you can monitor solar production & savings. Communicate directly with our team and refer family & friends to earn cash.
Residents of Peoria, AZ, are eligible for a 30% federal tax credit or investment tax credit (ITC) on solar panels. This significantly reduces the upfront investment of installing solar panels, labor, accessories, and equipment. If your annual income is not sufficient for a tax credit, you may be eligible for a direct payment against the ITC.
On top of the 30% ITC, the residents of Arizona are also eligible for a 25% state solar energy credit up to $1,000. This and the federal ITC together result in significant cost savings.
The residents of Arizona who export energy back to the grid get a partial on-bill ‘export credit,’ which is less than the full retail rate of electricity. This provides additional savings every month on the surplus energy your solar panels produce.
The average electricity consumption per household in Arizona is 1,030 kWh/month. If your house is bigger than a condo, you are likely to consume much more than this. A 9.53 kW average-size solar panel produces electricity at a cost of 5¢/kWh compared to fossil fuel energy, which is likely to increase to 22¢/kWh over the next 25 years.
This means you will recover the net cost of an average solar panel, which is $17,278 between 8.2 and 10 years. Thereafter, your energy bills are zero while you get an export credit from the grid.
If you purchase the solar panels outright rather than leasing them, it increases the resell value of your home by up to 3%. Solar panels are valuable assets that will result in substantial energy bill savings for the new owner.
The cost of a 6.1kW solar panel system in Peoria, AZ, ranges between $9,438 and $11,536. This cost reduces significantly after you get the 30% federal ITC and 25% state solar tax credit up to $1,000.
Solar panels require less maintenance and have a longer lifespan. Once they are installed, you can see the benefits it reaps, with cost-saving being just one of the many. In the initial months, you will see a decrease in your electricity bill. These benefits will only grow as you continue to use solar panels for energy.
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Yes, market research in Peoria shows that solar panels increase the cost of the property by up to 3%. Potential buyers see solar panels as an asset that will save them money in the long term and are willing to pay extra.
It depends on the number of occupants, the number of power-consuming appliances you have, and the direction or slope of the roof. Our sales team at Icon Power assists you with a personalized quote depending on the number of panels your house needs. Check our for approximate cost projections.
Yes, residents in Peoria, AZ, qualify for a federal solar investment tax credit (ITC) of 30% and a state solar tax credit of 25% up to $1,000.
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