Are solar panels a good investment in Arizona?

Solar panel systems in Arizona are expensive, but incentives from the state and federal governments can help you reduce the upfront cost. Between the federal tax credit and other state-specific incentives, you can save thousands on solar panels, making them well worth the investment.

Can solar energy be installed in Arizona?

However, installing solar energy in Arizona comes with long-term savings from federal and state tax credits. Solar energy installation is a major financial obligation, but federal and state tax credits and incentives could lessen the burden. At the federal level, the solar tax credit is known as the Investment Tax Credit (ITC).

Are solar panels tax deductible in Arizona?

In addition to the great rebates and incentives above, Arizona also offers tax exemptions for solar panel systems. The solar sales tax exemption ensures that you won't have to pay a sales tax on your system, while the solar property tax exemption means you don't need to pay a higher property tax for adding solar panels to your house.

How much can you save with solar incentives in Arizona?

You can save $7,300 on average with solar incentives, tax credits, and rebates in Arizona. And these aren’t the only savings you’ll get — Arizonans can save every month on their electricity bills when they go solar. Navigating solar incentives can be intimidating, and you might need help figuring out where to start.

How much do solar panels cost in Arizona?

Save on Energy says that homeowners in Arizona pay $3 to $5 per watt for a residential solar energy unit. An average five-kilowatt system is typically between $15,000 and $25,000. But, there are contributing factors that determine the cost of solar panel installation. Factors that affect solar panel pricing:

Do solar panels increase property value in Arizona?

One of the biggest benefits of solar panels is that they increase your property value. In fact, our solar experts found that solar panels can increase home value by 6.9% on average. Normally, improvements like this would increase your property taxes. Thankfully, in Arizona, solar panels add no value to your property for tax purposes.