Is it worth it to have solar panels in Arizona?

Is it worth it to have solar panels in Arizona?

Yes, solar panels are absolutely worth it in Arizona. Solar panels can increase your home value by 2-3% in AZ, save you up to 100% on electricity, and more! Arizona has more sunny days than any other state and the federal government will take care of 30% of the cost.

Why solar panels are not popular in Arizona?

Policy climate Nasty public battles between the solar industry, utilities and the state’s government over net metering have been ongoing for years, which is what some experts cite as the cause for the drop in solar installations in the state.

Does solar make sense in AZ?

Arizona solar incentives or rebates The tax credit is 26% in 2022, 22% in 2023, and will disappear in 2024 if Congress doesn’t renew it. Arizona also offers a 25% tax credit on solar panel purchases, up to $1,000 in the year you install your solar panels.

How much does it cost to get solar panels in Arizona?

As of June 2022, the average solar panel cost in Arizona is $2.40/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Arizona ranges in cost from $10,200 to $13,800, with the average gross price for solar in Arizona coming in at $12,000.

How long do solar panels last in Arizona?

Most warranties today still go to 20-25 years although the panels have a life expectancy to last up to 40 years when well-maintained. A warranty will guarantee that the level of power won’t drop below 80% for the time span of the warranty whether the system is large or small.

Is Arizona too hot for solar panels?

By its very nature, Arizona’s Valley of the Sun is ideally suited for solar power. Our cloud-free skies and 300+ days of sunshine a year deliver exactly what your photovoltaic array needs to generate lots of clean electricity.

How long does it take for solar panels to pay for themselves in Arizona?

around 8 years years
How long does it take to pay off solar panels in Arizona? The average payback period for solar panels in Arizona is around 8 years years. Your payback period will depend on the cost of your system and the amount of power it generates. The more energy your system generates the faster it will pay for itself.

Do you still pay electricity bills with solar panels?

After your solar panels have been installed, it’s time to enjoy the benefits! You’ll be generating clean energy and helping to reduce your energy bills. However, you will still have to pay for any energy you use that you don’t generate yourself.

Is Arizona good for solar power?

Arizona is one of the sunniest states and has huge potential for its solar market. While the state solar industry has tremendous growth opportunity, due to public debates about the benefits of solar, imposition of a net metering charge in 2014 and elimination of incentives, the market has been turbulent.