Chief Advantages of Adding Solar Panels to Your Phoenix Home – Part Two
In Phoenix, AZ, every single summer is excruciatingly hot, there is no denying it. Energy bills are high naturally due to the expense incurred in keeping homes cool. In the summertime energy bills go up, get high and stay high until it cools off in late October, or early November.
Solar panels are a fantastic method to use to counteract electricity expenses, lower the effect your Arizona home has on the ecology and environment and deliver a plethora of additional pluses, like championing small Phoenix, AZ, area companies and promoting freedom from buying electricity from the local power company.
Thinking about getting solar panels installed on your Phoenix, AZ home means you must look at the chief advantages they offer to make a good decision on whether to do it or not. Featured below are the advantages you need to consider. They are as follows:
. Receive Solar Rebates & Tax Credits
It pays to install solar panels to generate electricity for your home. You will receive a 22 percent Federal Income Tax Credit back for the cost of your equipment and installation when you file your 2021 taxes in 2022. You will also receive a Arizona Residential Solar Energy Tax Credit of 25% of the cost of your equipment and installation of up to $1000 towards your Arizona State Income Tax bill when you file your 2021 state income taxes for 2021 in 2022.
Combing your Federal Income Taxing Credit with your Arizona Residential Solar Energy Tax Credit and Solar Renewable Energy Credits (SREC), and your final cost may end up being only half the cost of your system. SRECs are produced during the year when your system operates. You will most likely be able sell them back to Arizona Public Service, which will help you pay for you solar panel electrical system over time. This is another great reason why adding solar panels to your Phoenix, AZ, home offers huge financial advantages, plus you are helping the environment at the same time.
Investment in solar panel electricity system has a payback period that is dependent on your rebates, tax incentives, and solar energy renewable credits you sell to Arizona Public Service. Solar panels warranty is a decade, and it has a use lifetime average of 2 ½ decades. All these facts translate into generating electricity free of charge and additional Solar Renewable Energy Credits for more than two decades. Solar panels that generate electricity are good for the environment, they demonstrate you are socially conscience and they actually make you money through the advent of Solar Renewable Energy Credits.
Regardless of you reside in Arizona, there are fantastic tax credits available to assist your purchase of solar panel electric generating system. It is wise to make the move and buy since they tax credits and rebates are still available.
Summing It All Up
So, as can be seen here, there are multiple advantages to installing solar panels to produce electricity for your home. By installing solar panels in your home, it is quite possible to eliminate your electricity bill, pay for the system with solar tax credits, energy rebates and solar energy renewable credits, see the cost savings through a lower electricity bill immediately, and help the planet, all at the same time.