Arizona Solar Incentives Still Going Strong
Arizona has seen an explosion of interest in solar energy, particularly in Phoenix and Tucson. And it’s no small wonder; much of the state gets an average high of 99 degrees in the summer. With ample sunshine comes a whole lot of interest in harvesting it.
To find out how much it costs to go solar in your area, click here.
But there’s been some confusion surrounding solar rebates and incentives in Arizona. Recent cuts have decreased APS rebates to $1.45 per watt for grid-tied systems, and $1.35 per watt (up to 5 kilowatts) for the Salt River Project (SRP).
While state and utility rebates are decreasing, they are not, as many believe, bottoming out or leaving homeowners in the dust.
In fact, the Arizona rebate system is designed to incentivize solar sooner than later. So, when more homeowners act on rebates and install solar panels, the faster those rebates decrease. The goal? To ultimately let more people go solar.
Average Costs to Go Solar in Arizona
What do some of these costs look like? Amazing, actually. Rebates of $1.45 per watt are stellar, especially when compared to California’s current rebate, which has already dropped to $0.65 per watt due to skyrocketing demand.
In plain dollars and cents, if solar costs about $6 per watt, you’re saving roughly 24% with state rebates. Add to that the federal tax credit of 30% off the cost of installation, and you’re saving a grand total of 54%.
In fact, the cost for an average-sized 5-kW system in Arizona is $27,000, according to SRP. Factor in the rebates and tax credits, and you’re looking at a cost of $11,150. Plus, of course, solar power can cut your utility bills by 85% or more.
All incentives considered, solar is wildly affordable. But it may not be right for everyone. It’s best to contact several installers, shop around and compare bids for the most affordable deal.
You can get estimates quickly and for free by clicking here.
Then, be sure to come on back and share your solar success story with us!
Via Ahwatukee; Photo by Joncallas
Posted on May 11th in Solar Funding by Brittany.