Long-term energy savings

Solar power saves a significant amount in energy bills and, after a given time, pays for itself –

1. Electricity rate: 11.96 ¢/kWh in Payson
2. Average monthly bill: $120 for a household consuming 1,061 kWh in Arizona.
3. 25-year cost: $36,000 over
4. 25 years (not assuming the inflation and increase in electricity rate).
   Solar system buyback period: 5.97 years
   Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $32,290

Environment friendly

Solar energy in Payson, AZ, will reduce greenhouse gas and carbon emissions from traditional fossil fuels. As a solar energy user, you 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) 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 due to the increase in the value of the home due to solar panels.

Appreciation in the property cost

The value of your property can rise by up to $20 for each dollar saved through solar energy. Prospective home buyers are ready to pay an additional 4.1% for residences featuring solar panels.