Long-term energy savings

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

1. Electricity rate: 16 ¢/kWh in Sun City, AZ
2. Average monthly bill: $242 per month
3. 25-year cost: $72,600 (not assuming the inflation and increase in electricity rate)
4. Solar system buyback period: 6.62 years
5. Average 20-year savings (accounting for solar installation costs, federal tax credit, and inflation): $66,400 (assuming a 1.4% increase in electricity prices and $0-down loan)

Sustainable energy source

Residents can significantly reduce their carbon footprint, mitigate greenhouse gas emissions, and contribute to the city’s efforts in combating climate change.

Cost-effective tax incentives and rebates

Residents of Sun City, Arizona, are eligible for the following tax incentives and rebates on residential solar panel installation –

1. Arizona Residential Solar Energy Tax Credit: Reimbursement of 25% of the solar panel cost – up to $1,000 – on personal income tax.
2. Inflation Reduction Act: Federal tax credit of up to 30% against the cost of the solar panel system.
3. Sales tax exemption of 5.6% on the cost of the solar panel system.
4. No additional property tax on the value solar panels add to your home.

Enhanced Property Value

Residential solar installations in Sun City, AZ, have the potential to increase property values by $20 for every $1 invested, leading to significant savings on energy bills. Furthermore, properties with solar panels in Arizona can command an additional 4.1% premium from homebuyers.