Homeowners are always in search of new ways to improve their homes. After all, a home is a proud investment and as a homeowner, you want to keep making it better. If you’re in Phoenix, Arizona, one of the smartest upgrades for your home should be solar power. With about 300 days of sunshine every year, solar panel installation in Phoenix is a project that promises high ROI.
If you have plans to upgrade your home in the Valley of the Sun, here are more reasons to prioritize solar power.
Savings of up to 100% on Electricity
Yes, you read that right. Arizona is the best destination for solar power because it ranks top among the sunniest states. This means with a high-quality solar panel system and a powerful energy storage system, you can go fully solar. A good solar energy storage system allows you to store excess energy generated by the system for use at night or during cloudy days. Many property owners now harness the full benefits of sunlight in Phoenix, AZ, through solar panel systems and you should join the bandwagon.
Saving Planet Earth
The devastation caused by global warming is now more apparent with extreme weather incidents on the rise. Scientists say emissions from the use of fossil fuels are the biggest contributors to global warming. As a homeowner, solar panel installation is a step toward the reduction of emissions.
If you’ve always wanted to go green, consider using solar power in your home to cut your carbon footprint. If more homeowners embrace renewables such as solar energy, scientists say this would help reduce the devastating effects of carbon emissions.
Enjoy Falling Solar Power Installation Costs
Over the last three decades, the cost of solar power installation has continued to fall. With more government and private investment into renewables, homeowners finally have access to cheaper but high-quality solar energy systems. Favorable government policies toward renewable energy have also attracted more investors to the industry.
With Arizona leading as a solar energy destination, the competition between solar contractors has also lowered installation costs. If you ever wanted to install solar panels on your rooftop, this is the best time to start the project.
Leverage Solar Energy Incentives
Homeowners in Phoenix, AZ, have access to multiple solar energy incentives powered by the government and private organizations. If you want to improve your home with solar panels, these incentives lower the overall cost of solar panel ownership. Some popular solar energy incentives include:
- Federal Solar Investment Tax Credit (ITC): A solar incentive program that offers 26% federal solar tax credit. For an average-sized 5-kilowatt (kW) system in Phoenix, AZ, you would pay about $18,925 but with the 26% ITC incentive, the cost goes down to $14,005.
- Arizona Residential Solar Energy Tax Credit: A solar incentive that offers 25% state solar tax credit for purchased home solar systems in Arizona (up to $1,000 personal income tax reduction)
- Energy Equipment Property Tax Exemption: A Property tax exemption incentive on the added home value after you install a rooftop panel system in Arizona.
- Solar Equipment Sales Tax Exemption: A 5.6% home solar system state sales tax exemption for the solar equipment you purchase for your home.
Your solar system contractor helps you discover these and more solar power incentives to lower the overall costs of the home improvement project.
Added Home Value with Solar Panels
Solar panels make your home more attractive to buyers. If you want a home improvement project that adds value to your investment, you have an answer in solar power. Analysts say that solar panels in Arizona can increase your home’s value by up to 2%-3% in the Grand Canyon State.
Final Thoughts
Looking for a home improvement project that saves you money, adds value to your home, and helps you save the environment? If your answer is yes, talk to the best solar energy contractor, Total Solutions in Phoenix, AZ, for high-quality solar installation today. You’ll make the smartest investment for your home.