Tax incentives and rebates

On going solar, residents of Cortaro, AZ, can qualify for several tax incentives and rebates. These include:

1. A 30% federal tax credit against the cost of the solar system
2. A 25% state solar tax credit (up to $1000) against the home solar system purchased in Arizona
3. A 5.6% solar equipment sales tax exemption
4. Property tax exemption on appreciated home value from residential solar panel installation

Boost property value

Energy-efficient homes appreciate in value by up to $20 for every $1 saved in energy costs. Additionally, prospective home buyers are also willing to pay 4.1% (approximately $9,274) more for homes with residential solar installations.

Long-term energy savings

Residential and commercial solar panel installations can help you save significantly in long-term energy costs as the systems pay for themselves over time. Here’s how much you can expect to save with solar panel installation in Cortaro, AZ:

1. Average monthly electricity consumption: 1,200 kW
2. Average electric rate: 17 ¢/kWh
3. Average monthly bill: $199
4. Average 25-year cost: $70,900 (not assuming the inflation and increase in electricity rate)
5. Solar system buyback period: 5.60 years
6. Average 20-year savings: $55,684

Local utility companies in Arizona also offer a net billing program, where Cortaro residents can sell excess energy from their home solar system to lower their utility bills.

Environment friendly

Your decision to go solar can help you lead a sustainable lifestyle and contribute to countering the effects of climate change. Moreover, by reducing your grid reliance, you can also contribute to achieving Arizona’s net-zero emission goals.