The solar electric system is one of the leading modern means of generating electricity. Homes in the US are awoken to the numerous advantages of a solar energy system. Offices are not left behind with these benefits. Though the running cost is meager, most people don’t know what to expect with installation costs.
The question that most homeowners in Arizona often ask is, what is the average cost of solar in Arizona. That is the purpose of this article.
While the average cost of a solar panel in Arizona is $2.68/W, the average cost of solar installation in Arizona sits between $11,390 and $15,410. This gives a more specific average amount of $13,400.
However, with the 26% Federal Investment Tax Credit and other incentives, how much you spend installing a solar electric system reduces by thousands of dollars.
However, the average cost of solar installation in Arizona, just like in other parts of the world, depends on certain factors. What are these factors?
Factors that Determine the Average Costs Of Solar Installation
Size of the System
The first significant factor that determines how much it costs to install a solar system is the size of the system. To arrive at this, you must first ask yourself your amount of energy needs. Also, ask if you want to source all your energy needs from the solar system to eliminate electricity bills, or you only want to cover a portion of your energy need with the solar system.
Studies show that an average Arizona home consumes 10,400 kWh per year. To provide this amount of energy with average-sized 250-watt solar panels, about 30 panels are required.
The amount of sunlight a region receives also determines the efficiency of a solar system. Fortunately, Arizona is one of the top states in the U.S. that receives the highest annual amount of sunshine. Arizona has an average of 299 sunny days a year.
Residential Solar and Wind Energy Systems Tax Credit
When determining the cost of solar, incentives are one factor that comes in. The Residential Solar and Wind Energy Systems Tax Credit was established to encourage solar and other renewable energy installations in Arizona. The tax is still at 25% in 2020 and will see a fall in 2021. Solar system owners are to claim the incentive the same year they install the system.
Federal Solar Tax Credit
This is another incentive meant to encourage solar installation. This incentive gives you a return of 26% of your total solar installation cost. The tax will reduce to 22% in 2021 and will continue to fall until 2022, when it is expected to end. As such, it is ideal to install your solar system now that the incentive is still appealing.
There are other incentives to reduce the cost of solar installation in Arizona.
Solar Installation Company
The cost of solar installation also depends on the installation company you choose for your installation. While some companies charge low, others charge high because of the quality materials they invest in.
When your installation company gives a low quote, this might be a pointer that they are planning to use mediocre equipment for your installation.
One solar installation company in Arizona to trust your installation to is Canopy Solar. We are a professional solar installation company in Arizona. We ensure our recommended materials are top-notch, which is one factor that has strengthened our reputation as one of the best installation companies in Mesa, Arizona, and in the U.S. as a whole.
Contact us today to ask for an estimate of your solar installation, and we will be more than glad to do what we know how to do best.
Learn how going solar has helped many families like yours. By choosing solar panels, you could see up to a 20% decrease in your high bills! We look forward to serving you.