Is Solar Energy Worth It In Arizona

History of solar policy in arizona.

Is solar energy worth it in arizona.

Much of the success arizona has sustained in the solar industry can largely be credited to its legislation. While solar leases and power purchase. With its surplus of year round sun arizona is quickly becoming the solar power producing capital of the country. According to the u s.

If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. Traditional energy rates in arizona are very low right now about 11 1 cents per kwh so it s important to consider whether a solar ppa will net you any savings over your regular electric bill. How much is the excess energy from my solar system worth. How are you financing your solar panel system.

Solar can significantly reduce your electricity bills increase home resale value qualify you for valuable financial incentives and more. While the state ranked 3rd in cumulative solar capacity in 2018 with 3 739 mw there is still plenty of potential for growth. Just as with a lease you will need to meet credit requirements in order to enter into a ppa. For decades now solar power arizona has been widely thought to be one of the most energy efficient sources for powering residential neighborhoods.

That s still a pretty good deal as it s not too much less than the average 12 12 cents kwh cost of electricy in arizona source. The arizona republic reported in november that salt river project plans to add 1 000 megawatts of solar capacity to its system over seven years enough energy to supply about a quarter million homes. This means that a definite percentage of energy 15 in case of arizona in the state must be produced by renewable sources such as solar energy. Find out if solar panels are worth it here in arizona with help from energy solution providers a leading solar company serving tucson phoenix and beyond.

For example the credit that arizona public service gives customers for their surplus solar energy will be recalculated and likely reduced based on market prices in the future also see related. From october 1 2019 onwards aps values exported solar generation at 10 45 cents per kwh generated. Net metering requires each power company to scrutinize how much energy is produced and to credit you for any surplus over what you utilize. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.