Long-term energy savings

Solar power saves a significant amount in energy bills and, after a given time, pays for itself. Let’s consider the following numbers:

1. Electricity rate in Carefree: 11.96 ¢/kWh.
2. Average monthly bill: $120 for a household consuming 1,061 kWh.
3. 25-year cost: $36,000 over25 years (not assuming the inflation and increase in electricity rate).
4. Potential savings over 20 years: $33,883

Environment friendly

Solar energy generates electricity without releasing greenhouse gases, lessens reliance on finite fossil fuels, and has minimal environmental consequences during its operation. It serves as an easily accessible and sustainable energy choice, helping to diminish your home’s reliance on the grid. By taking this step, you not only decrease the environmental footprint but also play a part in reaching net-zero emissions goals.

Cost-effective tax incentives and rebates

Residents of Arizona are eligible for the following tax incentives and rebates on solar power installation –

1. 25% off the cost of solar panels (up to $1,000) as personal income tax reimbursement.
2. 30% off the cost of the solar energy system as a Residential Clean Energy Credit.
3. No sales tax on the purchase of solar energy systems.
4. No additional property tax on the increased value of the home on installing solar panels.

Appreciation in the property cost

The high energy efficiency and sustainability of solar panels enhance the property value up to $20 for every $1 saved. Buyers are happy to pay 4.1% more for homes equipped with these features. Utilizing the solar tax exemption also reduces the initial investment.