According to statistics published by the SEIA, Arizona ranked fifth for solar power in the United States at the end of 2021.
Abundant sunshine is one of the factors driving solar growth in the state, but it’s also due to growing public awareness of the benefits of solar power.
Are you still uncertain about whether solar panels are a cost-effective solution for your home? Keep reading to discover why you should consider installing solar panels in Cottonwood.
Installing Solar Panels Saves You Money
A solar panel installation in Arizona costs varies depending on many factors. The more electricity you use, the more solar panels you’ll need to see to your needs.
That’s why you should always undergo a solar consultation to evaluate your energy needs before installing a solar system. A system that’s too small won’t deliver what you expect, while too many panels are a waste of money.
While solar is a big initial investment, most solar installations pay for themselves within 10 years or less.
Cottonwood, Arizona Solar Resources
How to Save With Solar Panels
There are a few ways that you can save when you install solar panels. The first is an off-grid installation, which means your solar panels provide all the electricity for your home. That means you’ll never receive another electricity bill.
The second option is a grid-tied installation that helps you save with net metering, or net-billing, as it’s called in Arizona.
With net billing, you send all the excess electricity generated by your solar panels back into the grid. You can still use electricity from the power company when needed.
When you receive your electricity bill, you’ll notice a credit for the electricity your solar panels sent back to the grid. Unfortunately, in Arizona, this credit per unit is lower than the retail price of electricity, but you’ll still save this way.
One final way to cut down on your electricity bill is with a solar power purchase agreement or solar lease.
With both these options, you don’t pay anything to install solar panels. The power company pays the installation costs.
A solar lease means you pay a monthly fee to use the solar panels, and you can use them as your own. Most solar leases last twenty years, so you’re assured of fixed electricity costs for that long.
A power purchase agreement works slightly differently. With this arrangement, the power company takes all the electricity generated by the solar panels and sells it back to you at a reduced rate.
Enjoy Incentives For Installing Cottonwood Solar Panels
The United States has a strong commitment to growing solar power throughout the nation, so the federal government offers a discount on your income tax when you install solar.
When you install solar panels anywhere in the country, you can deduct a percentage of the installation costs from your taxes in that year. For 2022, some homeowners may be able to take 26% off of their federal income tax.
Update: In August 2022, the solar tax credit was increased to 30% and extended through 2032.
What’s more, the State of Arizona offers residents a further tax credit on their state taxes when they install solar power.
Arizona’s taxpayers can deduct 25% of their total system cost, up to a maximum of $1,000. You can claim the tax credit for up to five tax years.
The state also offers a property tax exemption for homeowners with solar installations. That means you won’t pay extra property taxes even though a solar installation increases the value of your home.
Finally, you don’t pay sales tax on solar installation and solar panels in Arizona.
Of course, you should consult with a tax professional to verify your unique situation.
Solar Panels Are Good for the Environment
The most important thing about Cottonwood, AZ solar panels is that they help you contribute to a better future for us all.
Burning fossil fuels like oil, natural gas, and coal to create electricity creates abundant carbon emissions. Currently, the US gets around 80% of its energy needs from fossil fuels.
The Earth’s atmosphere can cope well with natural amounts of carbon emissions, by releasing them into outer space. The unnaturally high levels of carbon emissions created from electricity generation block this effect.
This means we’ve got a lot of warm air bouncing back and forth between the surface of the earth and the limits of the atmosphere, resulting in global warming.
If we continue to add to this effect, we’ll experience permanent changes in our weather patterns and increasingly extreme weather events.
This doesn’t bode well for farming and will seriously hamper our food supplies, more animal species will die out, and humankind will follow suit before long.
Although we probably won’t be around to witness the day when fossil fuel reserves run dry, these sources are finite and will eventually run out.
On the other hand, solar power is infinite. Astronomers estimate that our sun will last for another 7 billion years before it goes supernova.
Manufacturers produce few carbon emissions when putting solar panels together. Once they’re installed, solar panels produce electricity without creating any carbon emissions.
Solar panels are easier on our dwindling water resources, too. Power plants use huge amounts of water for generating electricity.
Once the water has passed through these plants, it’s poisonous and unusable. Solar panels have no impact on water resources.
Finding Solar Panels in Cottonwood
Now that you know why a solar panel installation is a good idea, you’re probably wondering where to get solar panels near you. It’s always best to work with a team of solar specialists when making this important decision.
We can help you discover a solar solution that suits your exact needs. Get in touch for more information and advice on installing solar panels in Cottonwood, Arizona.