Is Solar Energy Worth It In Arizona

The grand canyon state has maintained a curious history with solar energy.

Is solar energy worth it in arizona.

If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. With the latest in technology it s now poised to become the standard for the future. History of solar policy in arizona. For decades now solar power arizona has been widely thought to be one of the most energy efficient sources for powering residential neighborhoods.

While solar leases and power purchase. Energy information association solar energy contributed less than three percent to arizona s net electricity generation but that number is a 50 percent increase from the. The arizona republic reported in november that salt river project plans to add 1 000 megawatts of solar capacity to its system over seven years enough energy to supply about a quarter million homes. Traditional energy rates in arizona are very low right now about 11 1 cents per kwh so it s important to consider whether a solar ppa will net you any savings over your regular electric bill.

Just as with a lease you will need to meet credit requirements in order to enter into a ppa. With its surplus of year round sun arizona is quickly becoming the solar power producing capital of the country. From october 1 2019 onwards aps values exported solar generation at 10 45 cents per kwh generated. Much of the success arizona has sustained in the solar industry can largely be credited to its legislation.

How are you financing your solar panel system. Net metering requires each power company to scrutinize how much energy is produced and to credit you for any surplus over what you utilize. Solar can significantly reduce your electricity bills increase home resale value qualify you for valuable financial incentives and more. This means that a definite percentage of energy 15 in case of arizona in the state must be produced by renewable sources such as solar energy.

According to the u s. Find out if solar panels are worth it here in arizona with help from energy solution providers a leading solar company serving tucson phoenix and beyond. While the state ranked 3rd in cumulative solar capacity in 2018 with 3 739 mw there is still plenty of potential for growth. That s still a pretty good deal as it s not too much less than the average 12 12 cents kwh cost of electricy in arizona source.