Is Solar Energy Worth It In Arizona

How much is the excess energy from my solar system worth.

Is solar energy worth it in arizona.

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. 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. From october 1 2019 onwards aps values exported solar generation at 10 45 cents per kwh generated. 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.

For decades now solar power arizona has been widely thought to be one of the most energy efficient sources for powering residential neighborhoods. Net metering requires each power company to scrutinize how much energy is produced and to credit you for any surplus over what you utilize. History of solar policy in arizona. 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.

Energy information association solar energy contributed less than three percent to arizona s net electricity generation but that number is a 50 percent increase from the. 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. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. While solar leases and power purchase.

Just as with a lease you will need to meet credit requirements in order to enter into a ppa. Much of the success arizona has sustained in the solar industry can largely be credited to its legislation. According to the u s. Solar can significantly reduce your electricity bills increase home resale value qualify you for valuable financial incentives and more.

With the latest in technology it s now poised to become the standard for the future. 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. How are you financing your solar panel system. 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.