Consider all the options available to you if you are thinking about installing solar panels on your home. Solar panels can be a great way for you to offset your electricity bills while still providing clean energy for the home. For solar panels you can receive a federal tax credit and local rebates from APS and SRP of up to 25%.
Cost
The cost of solar panel installation in Phoenix will depend on the size and type of solar equipment. You can cut costs by shopping around, requesting a detailed price quote in writing and reading online reviews. Compare the prices of large national brands to find out if they are more reasonable than those offered by smaller local businesses. It is possible to save up to $5,000 by working with a smaller solar company.
There are three main types: monocrystalline, hybrid, and polycrystalline solar panels. Monocrystalline solar cells have the highest efficiency, but are more expensive. Polycrystalline solar cells, which are more affordable and better suited for hot climates, are the best. Each type of solar panel requires different mounting hardware. The hardware protects the solar panels from harsh weather conditions. The mounting hardware also depends on the type of roof you have.
Efficiency
You should consider these benefits when you're looking at solar panels to power your Phoenix home. The first benefit is that solar panels will reduce your electricity bill. The sun's noon-time energy output is approximately 1,000 watts/squaremeter. This amount can be converted by the solar panel into usable electricity.
This energy can be used to power your home appliances, air conditioning system, and lighting. If the temperature inside is too high, solar panels may not be as efficient. Because heat alters electron speed, which in turn affects electricity flow, solar panels can work less efficiently. 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. Although the initial costs for installing solar panels Phoenix are high, they can also be very expensive. The best way to ensure that you are getting a good price is to compare multiple quotes from different solar companies. If you're willing to pay a higher down payment, some companies will offer a lower price.
Solar panels cost will vary depending on the size and efficiency of the panels. Consider how much electricity you require for your home. After tax credits, a 6-kilowatt solar panel system can cost anywhere from $11,011 to $13,498. If you plan to use the solar energy system for a few hours a day, the cost can be reduced by nearly 30%. Also, consider the brand of your solar panels, as some branded products are more expensive than others.
Tax incentives
If you're considering installing solar panels on your home or building, you should be aware of the tax incentives that can help you save money. Congress has extended Federal Investment Tax Credit. The credit can be used to lower your energy cost. This allows you to have more time for installation preparations and the opportunity to take advantage of a higher credit rate.
The tax credit, which you can claim if you live in Arizona, is a one-time credit worth 25% of the cost of your solar panels or solar thermal systems. This credit is available to both residential and commercial installations.