Benefits of Solar Energy
Solar energy provides multiple benefits. Let's look at a few of them.
- Better energy independence: Solar panel systems with battery backups and storage systems work through blackouts and emergencies, and you won't have to depend on your power company for your safety and well-being.
- Lowered energy bills: Solar panels let you generate your own energy to power your home, decreasing your regular electricity costs. You can eliminate your bills completely if you go off-grid. Plus, a significant amount of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
- Reduced carbon footprint: Using clean solar power reduces your dependence on conventional, less environmentally-friendly sources.
What Solar Incentives Are Available to Buckeye Homeowners?
Governments and utility companies often incentivize homeowners for switching to solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Sales Tax Incentive
Incentive Amount:
100% of sales tax on eligible equipment
Incentive Type: Personal Tax Credit
Website: azdor.govIncentive Amount:
25%
Incentive Type: Personal Tax Deduction
Incentive Amount:
Total cost, exclusive of taxes, interest and other finance charges
Incentive Type: Property Tax Incentive
Incentive Amount:
100% of increased value
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Buckeye
The price and efficacy of solar panels often rely on the solar company that mounted them. Here are some essential aspects to keep in mind while searching for a solar installer.
Licensing and Training
Arizona's Registrar of Contractors issues distinctive licenses for solar thermal and PV installers. To install solar PV systems, a contractor must be a licensed electrician, and for solar thermal systems, they must be a licensed plumber. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Buckeye
Your solar modules' style will affect how much energy you can generate. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional components, such as electric vehicle (EV) chargers and battery storage, will raise your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar providers offer these optional components, so look for a provider that sells them if it's essential for you.
If you're a resident of Buckeye and are considering getting a five-kilowatt solar energy system, you could expect to pay about $15,350 for materials and labor. See more information on specific component and solar panel costs in the table.
| Solar Panel Cost | Average Cost |
|---|---|
| Solar Monocrystalline | $1,182 |
| Solar Polycrystalline | $922 |
| Thin-Film | $539 |
| Solar Battery | $756 |
| Solar Home EV Charger | $2,836 |
Financing Solar Energy in Buckeye
There are a plethora of ways to pay for new solar panels, and the right one will minimize your overhead. A few of the most common options include power purchase agreements (PPAs), loans, cash payments, and leases. Most solar experts recommend paying cash or using a solar loan. Cash payments require a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Similar to a car or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to use your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Ask each company you're considering about the payment options it offers. A team member can help you determine the optimal option for your budget.
The table below lists the average payback periods for different capacities of solar systems in Buckeye.
You are eligible for a 26% federal solar tax credit for new solar energy equipment until the year 2032. City and state officials and utility companies might also offer rebates, discounts, and dedicated financing plans that could save you more.
| Solar System Capacity | Estimated Payback period |
|---|---|
| 1 kW | 1.7 years |
| 2 kW | 3.3 years |
| 5 kW | 8.3 years |
| 10 kW | 16.5 years |
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Frequently Asked Questions About Solar in Buckeye
How much money could I save by going solar in Buckeye?
Is solar energy widely available in Buckeye?
Will a solar PV system improve my Buckeye home price?
Could I still use solar power if I live in a wooded, dark, or rainy area?
Is installing solar panels a quick job?
How do I care for my new solar system?
How are a solar lease and PPA different?
You don't own the panels with either option, though you can choose to opt out of the contract for a fee.
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