We will cut to the chase: Solar is absolutely worth it in Arizona!
As one of the sunniest states in the country and home to 35 state parks and natural areas, going solar is a great way to not only save money, but also preserve the land’s natural resources.
Looking to learn more? Read on to find out why solar panels are worth it in Arizona.
Can you save money with solar panels in Arizona?
Yes, you will definitely save money over time using solar panels in Arizona. There are three main avenues where you may be eligible to save money when you switch to an AZ solar system.
- Solar allows you to gain control of your own electricity. This means you will pay less, or potentially even nothing, to utility companies. If your home receives extreme sun, you could even get to the point where you are selling your excess energy back to the utility company for a profit. This could save you thousands of dollars over the estimated 25 year life of your system. Going solar is an ideal investment that helps both your wallet, your environment, and your sanity.
- The Arizona Department of Revenue offers a Renewable Energy Production Tax Credit for those who qualify. They also have a nonrefundable individual tax credit for taxpayers who install a solar energy device in their residence within the state. Check to see if you qualify for this credit as well. There are also additional local incentives in places like Phoenix and Tucson.
- In 2022, the Federal Residential Renewable Energy Tax Credit, also known as the Investment Tax Credit, allows owners of new residential and commercial solar to deduct 26% of the cost of the system from their taxes. But, on January 1, 2023 this tax credit will lower to 22%, so act now to maximize your savings.
Will my home increase in value by going solar in Arizona?
By purchasing and installing solar you can increase your home value by up to 4% while also saving thousands of dollars in electricity costs in the coming years.
This means, when it comes time to sell, you’ll potentially be banking an even larger profit as solar panels are seen as an asset to homes in the area.
Ready to make the switch yet?
Calculate your solar savings to see how much you personally could save by joining the clean energy movement.
Be sure to also check out the answers to a few of our frequently asked questions in Arizona. Boundless is committed to providing you with the best solar installation process possible.
To see if you are eligible for solar, contact our team of solar experts today to request an appointment. We are excited to help you finally take control of your electricity!