Long-term energy savings

Investing in solar panels not only results in immediate savings on your utility bill but also pays for itself in the long run. On average, residents spend $232 per month on electricity, amounting to $2,784 annually and $82,600 over 25 years. The economic advantage of installing solar panels lies in the stability it brings to energy costs, offering a contrast to traditional utility bills that are vulnerable to inflation. Eventually, over 20 years, you can expect to realize savings of around $31,689 on your electricity expenses.

Environment friendly

Solar power produces electricity without emitting greenhouse gases, reduces dependence on finite fossil fuels, and has minimal environmental impact during operation. It is a readily accessible and sustainable energy option that can assist in decreasing your home’s dependence on the grid. By doing so, you not only reduce environmental impact but also contribute to achieving net-zero emissions objectives.

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 on the increased value of the home on installing solar panels.

Appreciation in the property cost

Solar panels increase the value of your property up to $20 for every $1 saved, owing to their high energy efficiency and sustainability. Potential home buyers are willing to pay 4.1% more for homes equipped with solar panels.