Will 2024 Be a Good Year to Go Solar in Arizona?
Are you thinking about going solar in 2024? The coming year is going to be an excellent one for solar energy!
SouthFace Solar & Electric is looking forward to helping more Phoenix, Carefree, Cave Creek, and Scottsdale, Arizona residents gain their energy independence in 2024. Here’s why we think you should make the switch.
Solar Is Inflation-Proof Energy
The cost of energy is going up all around the world, and Arizona is no exception. If you’re getting sick of sending a hefty check to the power company every month, it’s time to gain your energy independence.
Unlike grid energy costs, which fluctuate with the market, the sun’s energy is always the same price: free! Installing solar panels does cost money, but the return on investment is more than worth it. Plus, financing is always an option. And, while you’re paying off your solar panel installation, you’ll know exactly how much you owe every month. Your electricity costs will also be much lower after you go solar—maybe even $0. Once your solar system is fully paid off, you’ll be producing energy for free.
With solar installation costs going down—the cost of solar panels in Arizona has fallen 52% in the past 10 years— while high energy costs become the norm, solar panels make sense financially.
The Solar Tax Credit Can Save You Thousands on Solar Installation
The Federal Investment Tax Credit (ITC), also known as the solar tax credit, was recently increased by the passage of the Inflation Reduction Act. The solar tax credit is now worth 30% of your total solar installation costs, which can lead to thousands of dollars in tax savings. The ITC tax credit applies to all types of solar installations, including residential solar, commercial solar, off-grid solar, and solar batteries. The sooner you go solar, the sooner you can get your tax savings.
Take Advantage of Solar Incentives in Arizona in 2024
Despite being one of the best states for solar energy, there aren’t a lot of solar rebates and incentives in Arizona. One solar incentive in Arizona you can take advantage of—depending on your utility—is net billing.
Net billing is an incentive that allows you to export excess solar energy to the grid, which purchases it at an excess generation credit rate. You won’t get cash for the electricity you export to the grid, but you will receive credit on your bill. You can use your credit to offset the cost of power you buy from the grid when your solar panels are not meeting your needs (at night, for example).
While excess generation credit rates are lower than the full retail rate of electricity, they still save you money.
Avoid Demand Response Charges with Battery Backup
Solar batteries store the excess electricity your solar panels produce during the day, giving you a backup power source. This is great to have in the case of an outage, and it can also help you save money. Responsive solar battery systems can automatically discharge power during high demand periods so you can avoid buying grid power when rates are at their highest.
SouthFace Solar & Electric Can Help You Go Solar in 2024
Looking for a trusted local solar installer near you in Phoenix, AZ? SouthFace Solar & Electric is here to help. We can walk you through how solar works and what it can do for you, and we’ll design a custom solution that fits your needs. We bring more power to you with high-quality, custom solar saving solutions and whole-home generators.
