If you are considering installing solar panels on your property, you'll want to consider the various options available to you. Solar panels are a great way to offset your electricity costs while still providing clean energy for your home. Installing solar panels can qualify you for a federal tax credit as well as rebates from SRP/APS of up 25 percent.
Cost
Cost of solar panels Phoenix depends on how big your system is and what solar equipment you use. You can cut costs by shopping around, requesting a detailed price quote in writing and reading online reviews. Comparing bids from larger national brands to smaller local companies can help you compare their prices. Working with a smaller company can save you up to $5,000
There are three types of solar panels available: monocrystalline, polycrystalline and hybrid. Monocrystalline solar cell are the most efficient but also cost more. Polycrystalline cells are cheaper and best suited for hot environments. Each type of solar panel requires different mounting hardware. This hardware protects solar panels against harsh weather conditions. The type of roof that you have will determine the hardware.
Efficiency
You have several options when it comes to purchasing solar panels for your Phoenix house. The first benefit is that solar panels will reduce your electricity bill. The sun produces energy at a rate of approximately 1,000 watts per square meter during noon. The solar panel converts this amount of energy to usable electricity.
This energy can be used for lighting, air conditioning, and other home appliances. If the temperature inside is too high, solar panels may not be as efficient. This is because heat affects the speed and flow of electrons. Each degree the mercury rises above 107 degrees Fahrenheit, the efficiency of solar panels decreases by 1.1 percent.
Return on investment
Solar panels can increase your energy efficiency, and help reduce your carbon footprint. But, solar panels can be costly upfront. Compare multiple quotes from several solar companies to ensure you get the best price. If you can afford a larger down payment, some companies might offer a lower cost.
The price of solar panels will depend upon a number of factors such as size, efficiency, brand, and brand. First, consider how much energy you need for your home. A 6-kilowatt solar panel system will cost between $11,011 and $13,498 after tax credits. A solar energy system that is only used for a few hours each day can reduce the cost by as much as 30%. Be sure to consider the brand you choose for your solar panels.
Tax incentives
If you're considering installing solar panels on your home or building, you should be aware of the tax incentives that can help you save money. The Federal Investment Tax Credit, which can help you lower your energy costs, is extended by Congress. This allows you to have more time for installation preparations and the opportunity to take advantage of a higher credit rate.
Arizona residents can get a tax credit. It's a credit that is 25% of the price of your solar thermal or panels. This credit is available for both residential installations and non-residential ones.