Reduced Energy Bill

A solar panel saves on your utility bill in the short run and pays for itself in the long run. Currently, a Waddell resident pays approximately $231 for a household consuming 1,471 kWh, which is 22% higher than the national average electric bill of $2,265. Over the next 25 years, the cumulative amount reaches $82,300 (without considering inflation or electricity rate increases). The seemingly modest monthly electricity bill significantly accumulates over time. Choosing solar panels involves an upfront payment, leading to the elimination or reduction of bills for the next 25 to 30 years.

Federal Investment Tax Credit (ITC)

An investment tax credit of 30% from the federal government applies to the total cost of residential and commercial solar installations. 

Arizona State Incentives 

A 100% exemption on the sales tax of equipment and a 25% solar energy tax credit with a cap of $1,000 are applicable on the installation cost.

Boost Property Value

Incorporating energy-efficient features not only saves $1 on energy costs but also adds approximately $20 in property value. Potential buyers are willing to invest 4.1% more in homes with these elements.