What Does Going Solar Cost?
$0 Down Solar Panels
Arizona Solar Costs Frequently Asked Questions (FAQ)
- How much does it cost to install solar panels in Arizona?
- Is solar in Arizona worth it?
- Does Arizona have a solar tax credit?
- How long does it take for solar panels to pay for themselves?
- How much value do solar panels add to my home?
- Is it better to lease or buy solar?
- Do solar panels increase home insurance costs?
- Will I still have an electric bill with solar?
Most customers take advantage of our zero down programs. We simply replace your current electrical bill with a fixed payment. We have these programs for both lease and purchase options.
We have Many Zero Down Programs to Choose From
The average price for a solar panel system across the United States is around $3.14/watt, and the average solar system size is around 6 kilowatts (kW), or 6,000 watts. That means that the typical solar panel system installation in America costs about $18,840.
Arizona receives more sunshine than any other state. Solar panels in Arizona produce about 70% more power than in states such as New York. An excellent solar output means that it takes less solar panels to reach the desired output.
The 25% state solar tax credit is available for purchased home solar systems in Arizona. (Max. $1,000 personal income tax reduction.)
The savings you earn by going solar can take anywhere from seven to 20 years to cover the initial cost. But the average savings after 20 years? A whopping $20,000.
Recent studies show an average increase in resale value between $4,020 and $5,911 for each 1 kilowatt of solar panels installed. At $4,020 per kilowatt, a 5 kilowatt solar panel installation would add an average of $20,100 to the market value of a mid-sized U.S. home.
More than 600,000 homes in the U.S. have solar panels today — up dramatically from just a few years ago, according to the Solar Energy Industries Association. Leasing programs that require little or no money up-front have played a key role in that growth.
But here's a question for homeowners: Is it better to lease or buy?
In Maplewood, in northern New Jersey, two next-door neighbors with similar houses arrived at different answers. Elizabeth Ebinger bought her panels — while Tim Roebuck signed a 20-year lease.
Ebinger says she enjoys the nitty-gritty of owning solar panels, from figuring out her eligibility for government incentives to crunching the numbers. "I have to confess that I do maintain a spreadsheet that analyzes the details of our expenses and our payback," Ebinger says.
She pulls out a smartphone and brings up her spreadsheet.
She paid about $35,000 for her system. She then received a 30 percent federal tax credit that brought the cost down right away. Then there's the savings on her utility bill each month.
And there's another benefit: Solar Renewable Energy Certificates, or SRECs. She sells them to power companies that are required to get some of their electricity from renewable sources. Every time she accumulates 1,000 kilowatt hours of energy, she can sell one certificate. The price fluctuates, but it's currently around $200. She sells about seven of these a year.
Ebinger has calculated how long it will take to recoup her investment, and says, "We're currently looking at a less-than-10-year payback on the system. And we're hoping the panels will last through their warranty, which is 25 years."
If all works as planned, Ebinger will have 15 years of free electricity.
Next door, Roebuck wanted a simpler approach. He went with a company that installs the solar panels, maintains them, keeps the government subsidies and then leases the system back to him.
Roebuck pays $69.25 per month, he says, which essentially replaces his monthly electricity bill. He says the lease payment will go up, but he's betting his power bill would have gone up even more had he not leased the panels. So he expects to save money too, though not as much as his neighbor. The benefit is that he doesn't have to figure all the incentives and subsidies that Ebinger enjoys calculating.
Beyond that, Roebuck says if paying up-front for solar were the only option, he probably wouldn't do it. And with his lease, if he wants to buy the panels in the future, he can at a discounted price. "It was a very simple, easy thing for me to do," he says. "It was a low-risk thing, because I didn't have to pay anything."
Ebinger and Roebuck each believe the path to solar panels they chose was best for them. John Farrell with the Institute for Local Self-Reliance in Minneapolis has studied the issue of leasing versus owning solar panels. His group has a calculator on its website to help consumers figure out the cost of both options.
"I favor ownership, simply because it means keeping more of the dollars — over the lifetime of that solar panel — in the pocket of the owner," Farrell says.
He points to a resident of Chicago, for example. "You could save, over the 30-year life of a solar panel, about $6,200 were you to own that system outright," he says. Someone who leases panels would save about $4,000 off the cost of getting power from the local utility during that period.
"So both are a good deal from the standpoint of saving money, but ownership is about a 50 percent better deal," says Farrell.
Most rooftop solar energy systems are covered by standard homeowners policies, which doesn't change your insurance plan. However, you may need to increase the amount of coverage on your home to account for the cost of the system which can then raise your premium.
By generating your own electricity, your electric bill will be lowered significantly. Actual savings depend on the size of your solar system and your current electric usage. You may still draw some power from your utility, but at a lower priced rate. We design a system that is considered the best fit for your home and determine the ideal utility rate for your remaining energy needs.
Utility Bill: Before vs. After Solar
- Delivery Services - $155.14
- Power Supply Charges - $72.43
- Surcharges - $15.91
- Taxes & Assessments - $26.55
- Delivery Services - $14.07
- Power Supply Charges - $0.00
- Surcharges - $5.01
- Taxes & Assessments - $1.76