Long-term energy savings

Solar panel installation saves a significant amount in energy bills and, after a certain time, pays for itself –

1. Electricity rate: 15 ¢/kWh in Cave Creek
2. Average monthly bill: $266 for a household consuming 1,756 kWh
3. 25-year cost: $94,600 (not assuming the inflation and increase in electricity rate)
4. Solar system buyback period: 6.90 years
5. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $73,000 (assuming a 1.4% increase in electricity prices and $0-down loan)

Environment friendly

Solar energy in Cave Creek, AZ, will reduce greenhouse gas emissions and help reduce your carbon footprint. By reducing your dependence on fossil fuels, you can play a significant role in addressing the impact of climate change.

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) Residential Arizona Solar Tax Credit.
2. 30% off the cost of the solar energy system as a federal Residential Clean Energy Credit.
3. No sales tax on the purchase of solar energy systems in Arizona.
4. No additional property tax on the appreciated home value due to solar panels.

Appreciation in the property value

Your property value can rise by up to $20 for each dollar you save on energy bills with energy-efficient and sustainable solar panels. Prospective home buyers are ready to pay an additional 4.1% for residences featuring solar panels.