It is important to look at all of the options that are available to you when you consider installing solar panel on your property. Solar panels can be a great way for you to offset your electricity bills while still providing clean energy for the home. Installing solar panels can qualify you for a federal tax credit as well as rebates from SRP/APS of up 25 percent.
Cost
The price of Phoenix solar panels will vary depending on how large your solar system is and the equipment used. Shopping around, asking for a written price quote and looking at online reviews can help you cut down on costs. Comparing bids from larger national brands to smaller local companies can help you compare their prices. Working with a smaller company can save you up to $5,000
There are three types main solar panels: monocrystalline (polycrystalline), polycrystalline (monocrystalline), and hybrid. Monocrystalline solar cells have the highest efficiency, but are more expensive. Polycrystalline solar cells are cheaper and are best for hot climates. Each type of solar panel requires different mounting hardware. The hardware protects the panels from extreme weather conditions. The type of roof will also influence the mounting hardware.
Efficiency
There are several benefits to solar panels for Phoenix homes. First, solar panels can cut down on your electricity bills. The sun produces energy at a rate of approximately 1,000 watts per square meter during noon. The solar panel converts this amount of energy to usable electricity.
This energy can be used for lighting, air conditioning, and other home appliances. However, solar panels will not perform as well if there is high heat. This happens because heat causes electrons to move at a slower speed. This affects the flow and efficiency of solar panels. Each degree the mercury rises above 107 degrees Fahrenheit, the efficiency of solar panels decreases by 1.1 percent.
Return on investment
Solar panels are a great way for you to reduce your carbon footprint and increase your energy efficiency. But, solar panels can be costly upfront. Compare multiple quotes from several solar companies to ensure you get the best price. Some companies will provide a lower price if you are willing to put in a larger down payment.
Cost of solar panels depends on many factors including their size, efficiency and brand. First, calculate how much energy your home requires. After tax credits and discounts, a 6-kilowatt-watt solar panel system will run between $11,011-12,498. You can save nearly 30% on the cost of the solar energy system if you only use it for a few hour per day. Consider the brand of your panels as they can be more expensive than other products.
Tax incentives
There are tax incentives that can save you money if your plan is to install solar panels on your house or building. Congress has extended Federal Investment Tax Credit. This can help you reduce your energy bills. This allows you to have more time for installation preparations and the opportunity to take advantage of a higher credit rate.
Arizona residents are eligible to claim the tax credit. The credit is a once-off credit equaling 25% of the cost for your solar panels or solar thermal system. This credit is applicable to residential as well as non-residential installations.