Save Big with Solar This Memorial Day

Memorial Day is observed as a day to remember and celebrate Americans who have lost their lives while serving our country in the Armed Forces. Memorial Day also means a three-day weekend filled with hamburgers, hot dogs, swimming, and warmer weather for many Americans. With the sun shining more than 300 days each year in Arizona, switching to solar makes real dollars and sense! As a homeowner, here are some of the ways you can save by going solar.

Solar Investment Tax Credit

The solar investment tax credit covers 26% of the cost to install solar panels. It’s a dollar-for-dollar reduction of the income tax you owe for homeowners installing solar panel systems. If you don’t have tax liability to utilize all the credit, you can roll over the rest of your solar credits to future years.

Solar Payback

Switching to solar energy can result in significant long-term savings. The average Arizona household can expect a solar payback period of 6.96 years. Solar payback is the amount of time needed to recover your initial investment through electricity savings from your home solar system. The typical 25-year savings with current electricity rates can be over $45,000.

Excess Solar Energy

When your home solar panels provide more electricity back to the power grid than you use, your local utility will roll over unused monthly bill credits to the following month. This system, called net billing, allows Arizona homeowners to benefit directly from excess energy, significantly reducing your electricity bill. With the sun providing a free source of energy, you’ll have a more stable and predictable monthly utility bill.

Go Solar

According to the U.S. Energy Information Administration, 25% of the energy consumed in Arizona homes is for air conditioning, which is more than four times the national average. The amount you’ll save by installing solar panel can vary depending on factors such as how much you pay for electricity, how much electricity your home uses, the square footage of your home, roof characteristics, installation costs, rebates, and incentives. The longer you wait to go solar, the more savings you’re missing out on.

Environment

Generating clean, green solar energy doesn’t require combustible fuels. You’ll only need sunlight. Not being reliant on fossil fuels means you’ll be reducing your carbon footprint. Energy produced from solar panels is free of pollutants and emits no greenhouse gasses.

At Cool Blew Solar, we can provide you with current information about the substantial savings from solar. Contact us today at 623-234-2836 in the Greater Phoenix area. Our industry certified technicians are here to help you go solar.

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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