You may be asking yourself “is solar worth it in Arizona?” and to put it simply, yes!
However, that answer alone probably isn’t enough to convince you. To help, we’ve broken it down into these 4 areas.
- Install costs.
- Government incentives.
- Production value.
- Home value.
- Install costs.
As of July 2022, the average solar panel cost in Arizona is $2.31/W.
The average size of a residential solar system in the US is 5 kilowatts (kW). So, an average solar installation in Arizona is around $11,550 (most systems ranging from $9,818 to $13,282).
- Government incentives.
Arizona’s solar incentives are some of the best in America. There are several state and federal tax incentives that can help you switch to solar.
Residential Arizona Solar Tax Credit
In the year you install your system, the Residential Arizona Solar Tax Credit reimburses you 25 percent (up to $1,000) of the cost of your solar panels from your personal income tax.
Equipment and Property Tax Exemptions
The Solar Equipment Sales Tax Exemption means you aren’t required to pay any sales tax on the purchase of your solar system. Similarly, the Energy Equipment Property Tax Exemption means you won’t have to pay any additional property taxes on the value you are adding to your home by investing in solar panels.
Federal ITC
With the Investment Tax Credit (ITC), you can reduce the cost of your PV solar energy system by 26 percent. *The ITC applies only to those who buy their PV system outright.
- Production value.
Arizona is the sunniest state in the country, receiving 5,755 kilojoules per square meter (kJ/m^2) per year. As you can imagine, the more sunlight your system receives, the more energy your system can produce. That means that a system in Arizona has the potential to produce a lot of electricity all year long.
- Home value.
In Arizona, solar panels can increase your home’s value by 2% to 3%. However, leased panels are not included in a home’s appraisal.
Conclusion
According to the Solar Energy Industries Association, as of 2021, Arizona ranks 5th in the states with the most solar energy generation at 5,642.6 MW. By 2025, about 15% of Arizona’s energy will come from renewable energy sources, making it one of the leading states with good solar energy use potential.
The future of Arizona is solar.
By switching to solar, you have the opportunity to save money. By switching to solar with Frugll, you also have the opportunity to earn money. Why let some random salesman charge your friends and family a large commission on a product they are going to get anyway? When you refer your neighbors to Frugll, Frugll pays you. Learn more about our referral program here.
Interested in talking to one of our experts about the best solar options for your home? Click here.
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