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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Solar energy is a long-term solution to your rising utility bills. Where inflation affects the per unit cost of electricity, residential solar panel installation pays for itself over time. Net billing by local authorities and power supplies during grid failure gives you autonomy over your electricity needs. Furthermore, the benefits of federal and state government incentives and tax credits make solar installations a financially feasible choice. It attracts property tax exemptions, increasing property value and attractiveness.
Situated in the desert of Arizona, Lake Montezuma, AZ, experiences hot days and cold nights. The year-round temperature is dry and hot, with an average temperature varying between 36°F and 96°F, while the winters are frigid, with an average snowfall of 2 inches per year. Rainfalls are rare in Lake Montezuma, AZ, with a yearly average of 14 inches. The sunny and dry weather makes the city a suitable choice for both residential and commercial solar installations.
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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.
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Solar panels can be valuable assets and can increase property value significantly. Solar-panelled homes also attract buyers who may be ready to pay a premium price. Solar panels help with long-term energy savings and lay the opportunity of reselling your property at a higher price.
With short-term savings on utility bills and net metering, a residential solar installation pays for itself in the long run.
The federal government provides a 30% tax credit on solar panel installation costs. The state government also offers a lower of 25% tax credit or $1,000 on installation cost and a 100% exemption on the sales tax of solar equipment.
A property with solar panels is eligible for a 100% tax exemption on the appreciated value of the property because of solar panel installation. Such properties also sell 20% faster than the ones with no solar panels.
Arizona holds the 5th position for solar panel installations, and it targets to switch 25% of its energy reliance on solar energy by 2025. It aligns with the Environmental Protection Agency’s Clean Power Plan aimed at reducing the States’ global warming pollution by 30% below 2005 levels by 2030.
Transitioning to solar power involves considering various factors, including the federal government’s 30% tax credit and additional rebates and incentives provided by state and local authorities. Your solar installer will assess your property, roof size and slant, energy requirements, permit costs, and your expectations from the solar installation. Once evaluated, they will provide you with customized quotes to make an informed decision.
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, the resale value of the property appreciates with residential solar panel installation in Lake Montezuma, AZ. Owners can expect an appreciation of around 4.1% on the property value.
Your power need, number of occupants, appliances installed, and available roof area decide the number of solar panels for your property.
Yes, the federal government offers a tax credit of 30% on the installation cost.
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