Long-Term Utility Cost Savings

A residential solar panel installation not only contributes to your reducing utility bill but also gives a return through net metering and starts paying for itself in the long term.

1. Electricity Rate: 16 ¢/kWh in Sun City West, AZ.
2. Average Monthly Bill: $262 for a household consuming 1,608 kWh.
3. 25-Year Cost Equals: $93,400 over 25 years (not assuming the inflation and increase in electricity rate)

Tax Credits and Exemptions

A solar panel owner in Sun City West, AZ, is eligible to receive a 30% federal tax credit on installation costs. Along with the benefits of net billing from the local authority, the state government offers Arizona Residential Solar Energy Tax Credit on solar installation purchased at 25% or $1,000, whichever is lower. On residential solar installation, Solar Equipment Sales Tax Exemption is available at 5.6% on the sales tax of solar equipment purchased.

Property Appreciation

The state government provides Energy Equipment Property Tax Exemption on the increase in property value because of solar installation. Additionally, solar panels attract potential home buyers who are willing to pay 4.1% more for homes equipped with solar panels.

One Step Towards Clean Energy

Arizona state government is working towards reducing the carbon footprint released by energy production. It aims to rely on solar energy for 25% of the total electricity needs, switching to more sustainable solutions. This meets the federal government’s goal of reducing global warming by reducing pollution caused by energy production.