There are many options for solar panels that you can choose from if you are interested in installing them on your property. Solar panels can help you offset your electricity costs and still provide clean energy to your home. Installing solar panels can qualify you for a federal tax credit as well as rebates from SRP/APS of up 25 percent.
Prices
The cost of solar panel installation in Phoenix will depend on the size and type of solar equipment. Shopping around, asking for a written price quote and looking at online reviews can help you cut down on costs. You can compare the prices quoted by large national companies with smaller local firms. You can save as much as $5,000 by working with smaller solar companies.
There are three types main solar panels: monocrystalline (polycrystalline), polycrystalline (monocrystalline), and hybrid. Monocrystalline solar cell are the most efficient but also cost more. Polycrystalline solar panels are better suited to hot climates and are generally cheaper. Each of these types of solar panels requires different mounting hardware. The hardware protects the panels from extreme weather conditions. The type of roof you have will also affect the mounting hardware.
Efficiency
There are many benefits to choosing solar panels for your Phoenix property. First, solar panels can cut down on your electricity bills. The sun can produce energy at around 1,000 watts/square meter during the noon hours. This amount of energy can be converted into electricity by a solar panel.
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 happens because heat causes electrons to move at a slower speed. This affects the flow and efficiency of solar panels. Solar panels' efficiency decreases by 1.1% for every degree mercury reaches above 107 degrees Fahrenheit.
Return on investment
Solar panels can help you increase your energy efficiency while also reducing your carbon footprint. However, the upfront costs of installing solar panels in Phoenix may be expensive. Compare multiple quotes from several solar companies to ensure you get the best price. Some companies will provide a lower price if you are willing to put in a larger down payment.
The cost of solar panel depends on several factors, such as their size, efficiency, and branding. First, determine how much energy your home will need. After tax credits, a 6-kilowatt panel system from a solar company will cost you between $11,011-$13,498. If you plan to use the solar energy system for a few hours a day, the cost can be reduced by nearly 30%. Consider the brand of your panels as they can be more expensive than other products.
Tax incentives
There are tax incentives that can save you money if your plan is to install solar panels on your house or building. Congress has extended Federal Investment Tax Credit. This can help you reduce your energy bills. This gives you more time to prepare for your installation and takes advantage of the higher credit rates.
Arizona residents may be eligible for the tax credit. This credit is a one-time credit of 25% on your cost of solar panels and solar thermal systems. This credit is applicable to residential as well as non-residential installations.