How Harnessing Solar in Arizona Can Save You Money

Don’t you hate paying a lot of money for your electricity bill? We all have to pay the electric bill to power our homes, but most people in the US pay some of the highest electric rates in the world.

Arizona is one of the best states with lots of sunshine and a great climate that’s ideal for harnessing solar energy. Yet many residents still stay in the dark about solar energy and its costs and benefits.

Are you ready to ditch your utility company and start saving a lot of money? Keep reading to learn how solar in Arizona can save you money.

Solar Incentives in Arizona

Most people are unaware that there are financial incentives for solar power in Arizona. Incentives for solar power are important because they make solar power more affordable for homeowners and businesses.

The main incentive for solar in Arizona is the Solar Renewable Energy Credit (SREC). The SREC is a credit that solar power system owners can earn and then sell to utilities.

This credit is worth $0.15 per kilowatt-hour (kWh) of solar power generated. With the SREC, the average solar panel system in Arizona will pay for itself in 6-8 years. After that, you will be saving money every year that you own your solar power system!

Utility Rates

Utility rates in Arizona are some of the highest in the nation, so harnessing solar can save you a lot of money. Solar panels can offset your electric bill by generating electricity when utility rates are at their highest.

With net metering, you can even get credit for the power you generate and send back to the grid. Solar is a great way to save money on your electric bill, and it’s good for the environment too.

Solar Tax Credits

For many years, installing solar panels was considered a pricey investment. However, with the introduction of solar tax credits, solar is now a much more affordable option for homeowners and businesses in Arizona.

Solar tax credits allow you to deduct a portion of the cost of your solar panel installation from your state taxes. This can save you a significant amount of money, making solar a more attractive option.

In addition, the value of your home or business is likely to increase after installing solar panels. This means that you could see a return on your investment in the form of increased property value.

Solar Leases and PPAs

In Arizona, solar leases and PPAs are becoming increasingly popular as people look for ways to save money on their energy bills.

Through these contracts, homeowners and businesses can avoid the high upfront costs of installing solar panels by instead paying a monthly fee to a solar company.

In return, they receive a lower rate on their energy bills, and often, a fixed rate for the length of the contract.

If you’re looking for a reliable solar company, check https://blueravensolar.com/arizona/.

Invest Solar in Arizona Today

You can save money on your energy costs by harnessing solar power in Arizona. Solar in Arizona is a renewable resource that is becoming popular and available.

With the right solar panel system, you can lower your energy bills and even produce your own power. Contact a solar installer today to find out how you can start saving money.

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