Arizona, known around the world for its bounty of sunshine, is the perfect location for installing home solar panels. Our state’s climate offers a reliable, long-term return on your investment in solar energy. A photovoltaic (PV) system begins paying you back the instant the solar panels are installed and will continue providing a return on your investment guaranteed to be 25 or 30 years and very likely much longer. Adding to this are the overwhelming environmental benefits over conventional energy sources.
Besides saving you money, there are a number of other return on investment (ROI) benefits to installing home solar panels in the Valley of the Sun, including:
Increased Home Value
Studies have shown that houses with solar panels sell for more money than similar homes without solar panels installed. In fact, a study by Zillow found that homes with solar panels increase property values on average across the U.S. by 4.1% up to almost 10% more than homes without panels.
Solar Panels Savings
The amount of money you can save with solar panels depends on a number of factors, including the size of your solar panel system, your household’s electricity consumption, and your APS or SRP electricity rates. However, a typical homeowner in Phoenix can save hundreds of dollars on your energy bill each year by installing solar panels. Depending on how many solar panels you install, your panels can meet 50% to 100% of your home’s electricity needs. This is consistent savings year over year, decade over decade.
For example, a homeowner in Phoenix metro with a 2,000 square foot home and a monthly electricity bill of $200 can save an average of $1,400 annually by installing a 6-kilowatt solar panel system.
Payback Time Frame
The payback period for solar panels in Arizona is typically between seven and 10 years. This means that you’ll typically save enough money on your electricity bills to pay off the cost of installing your solar
panel system within seven to 10 years. After that, you’ll start saving even more money on your electricity bills.
Go Solar with Cool Blew Solar
Solar power is a gift that keeps on giving. Go solar today by calling your professional installers at Cool Blew Solar at 623-234-2836. We’ll be happy to schedule an appointment convenient for you and we always offer free quotes.