Reasons Why Solar Panels are a Great Investment in Arizona

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.

FAQ's

Is Solar Energy Expensive?

The size of your panel installation and the needs of your home will affect your costs. The average net cost of a 5.69kW system is $13,838 cash after 30% rebate (according to solar-estimate.org). An average-sized system can cost up to $35,000. Larger installations will require more hardware, planning and construction time. This can further increase costs. While solar panels are expensive, they have many distinct benefits. Cool Blew Electric & Solar’s experts can assess your situation and goals and recommend a cost-effective system to meet your needs.

How Much Can I Save By Installing Solar Panels?

An average-sized system (5 kilowatts) can reduce up to 50% of your monthly electricity bill. A 5.69kW system would offset 100% of your energy usage if your typical monthly bill is $138. Over a period of 20 years, these savings can add up to $30,000, based on your location and energy usage.

How Long Would It Take to Recoup My Solar Investment by Solar Energy Savings?

With a 5.69kW Solar system you would recoup your savings in 7 years and 2 months but with continuous Utility increases every year your Return and Investment will be much sooner.

What is a Solar Lease Program?

The Solar Lease Program has been one the most popular option that homeowners have chosen over the years. Solar Lease programs gives homeowners the opportunity to take advantage and put Solar on their homes and a guaranteed savings from their Utility for little to no money out of pocket. Most Leases are 20 year power guarantee from the solar provider and includes fixed monthly payments, no repair cost, fully insured and warrantied for the life of the system.

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