If you invest in a 7 8 kw solar system of twenty four 325 watt panels you could make enough electricity to erase the up front cost of the system in 11 years and then enjoy free electricity for at least 14 more years as the solar panels keep producing under the original manufacturer s warranty.
Arizona solar panels negatives.
Top pros to keep in mind.
A significant reason for the growth of solar power in recent years is arizona s rps law.
High upfront cost.
But it s not a straight calculation.
These solar energy pros and cons are some of the top of mind issues for solar shoppers.
Panels that are owned add some value to the resale.
1 solar saves you money.
Costs a lot of money.
Both solar leases and solar ppas are very similar making it hard to tell the difference between the two.
Arizona solar energy tax credit.
In this blog we break down how exactly these financing options are different and which one might be the best choice for you.
On average solar panels cost about 24 500 for a 7 kilowatt solar system in arizona.
Solar leases and solar power purchase agreements ppas are two kinds of solar financing options that make it easy to install a solar system on your roof.
We ve written all over the site about the advantages and disadvantages of solar energy and here are a few highlights.
Here are 4 advantages of solar energy.
So as you can see it does cost a good amount of money to get solar installed on your home.
Rps stands for renewable portfolio standard and requires the states investor owned utilities iou s to source 15 of their power from renewable sources by 2025.
Read on to learn about these points and other in depth and see the full list of solar energy pros and cons.
There are many benefits of solar energy.
Recycling solar panels it s time to think ahead.
Again we re a bit biased but we think there are plenty of great reasons to support solar.
Regardless of any pros and cons of putting your home up for sale when it is equipped with solar panels in the end buyers are going to buy a home they love and the vast majority aren t going to let a pv system be the make or break factor.
Solar panels cons in arizona.
Benefits of solar energy.
Arizona s solar energy credit is equal to 25 of the costs of a solar system up to 1 000.
Not only do arizona residents get to take advantage of the federal tax credit but they can also receive the state s solar energy credit.
So a 6 kw solar panel system would run you around 19 080 on average before the federal tax credit.
But you can save about 8 500 on a system of that size with the federal itc of 30 and the 1 000 arizona tax credit.
That is a significant amount of savings on your income taxes.
Why is arizona such a strong market leader.
On the plus side houses with existing solar energy can sell for more than those that don t have it.
Right now the average cost of solar in the us is about 3 18 per watt.
If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale.
