Are Solar Panels Worth the Cost?
Solar panels are an investment like buying a new car or renovating your kitchen—you make an upfront payment, but you reap the benefits in the long run. Unlike most other home upgrades, however, solar panels put money back in your pocket. They will pay for themselves over time and you can even make money off your investment in residential solar panels.
SouthFace Solar & Electric is the leading home solar company in Arizona. We’ve been installing solar panels for homes since 2008 and have always believed solar panels are worth the investment. Now, with electricity rates on the rise and the grid under ever-increasing strain, solar panels aren’t just worth it in Arizona, they’re essential.
Learn more about how much solar panels cost and keep reading to find out why they’re worth it.
Solar Panels Shield Against Rising Electricity Costs
It seems like everything from gas to groceries is more expensive these days, and electricity is no exception. The record-breaking heat wave that hit Arizona in 2023 led to an increased need for air conditioning, driving up electricity demand. At the same time, global events like the war in Ukraine have driven up the cost of natural gas. As demand increases and resources become more scarce, electricity costs go up.
Installing solar panels for your house is the only way to protect yourself against rising costs. Not only will you save money on your electric bills in the immediate future, but you’ll also set yourself up for long-term savings. Solar panels protect you against rising costs by locking in what you pay for electricity, so you can avoid price hikes and keep your costs low.
Solar Batteries Protect Against Grid Outages
Our lives have become entirely dependent on electricity and the grid is under strain as it tries to meet ever-increasing demand. When the grid is under too much strain, power outages occur.
Extreme heat is one of the main drivers of grid instability in Arizona. Unfortunately, a heat wave is when you need reliable electricity access the most so you can stay cool.
Installing solar panels with battery storage is the solution. Solar batteries allow you to store the excess solar power your panels generate, creating a backup power source that can keep your essentials running during a blackout. Installing solar panels with battery storage is the first step toward energy independence. If you’re done with the electric grid and want to cut ties completely, off-grid solar panels are an option. Schedule a free consultation to learn more!
Solar Incentives are the Highest They’ve Ever Been
The federal government has been incentivizing solar panel installations with the solar tax credit for many years, but the credit has been adjusted several times since its inception. After being put on a step-down schedule and about to expire, the solar tax credit was revived by the Inflation Reduction Act of 2022. The new solar tax credit is worth 30% of your total solar installation costs and battery storage is eligible!
To claim the solar tax credit in 2024, you must complete your solar panel installation and turn your system on by the last day of the year. Don’t miss out on savings—schedule your solar installation today.