Solar panels in a hot city like Phoenix 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.

Long-term energy savings

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

1. Electricity rate: 12 ¢/kWh in Queen Creek
2. Average monthly bill: $213 for a household consuming 1,756 kWh
3. 25-year cost: $75,900 (not assuming the inflation and increase in electricity rate)
   Solar system buyback period: 9.05 years
4. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $58,500 (assuming a 1.4% increase in electricity prices and $0-down loan)

Environment friendly

By harnessing solar energy, residents can reduce their reliance on conventional energy sources, decrease carbon emissions, and mitigate the impact of climate change. This shift towards renewable energy contributes to cleaner air and water and a more sustainable environment, making Queen Creek a greener and more eco-friendly community. Additionally, the use of solar power helps conserve natural resources and fosters a commitment to environmental stewardship within the local community.

Cost-effective tax incentives and rebates

Residents of Queen Creek, 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

Your property value in Queen Creek, AZ, can increase by up to $20 for every $1 the solar panels save due to energy efficiency and sustainability. Prospective home buyers are ready to pay an additional 4.1% for residences with solar panels.