Benefits of Solar Energy
Solar energy has multiple advantages that will enhance your home for years to come.
- Lowered energy bills: With solar panels, you produce power without paying the tacked-on costs of grid-tied power. You can eliminate your bills completely if you go off-grid. Plus, a significant number of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
- Reduced carbon footprint: Embracing solar is a surefire way to reduce your carbon footprint and home fossil fuel dependency.
- Better energy independence: Solar energy can keep your home running through blackouts and emergencies, giving you additional security. You can use your solar energy anytime with optional battery backup.
What Solar Incentives Are Available to Chandler Homeowners?
Arizona agencies and electric companies offer a variety of solar incentives to help reduce your solar system costs. Below is a breakdown of eligible solar programs where you live.
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: Rebate Program
Website: srpnet.comIncentive Amount:
$0.30/kWh for annual estimated energy savings (based on SRCC rating)
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 Chandler
The price and efficiency of solar panels often rely on the provider that mounted them. Consider each of these aspects in your company search.
Licensing and Training
Arizona's Registrar of Contractors grants specialty licenses for solar thermal and PV contractors. To install solar thermal systems, a contractor must be a licensed plumber, and for solar PV systems, they must be a licensed electrician. Solar installers can also obtain accreditations from standards organizations and trade groups. The most respected ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Chandler
The kind of solar panels you purchase determines how much power you can generate. Monocrystalline panels and high-quality and cost more but give you the best performance. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.
You can also add electric car (EV) chargers and battery backup systems. These will increase your total installation cost, but they can increase your solar system's efficiency. Not all solar companies offer these optional components, so look for a contractor that sells them if it's essential for you.
If you're a resident of Chandler and want 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 Chandler
There are various ways to pay for a solar energy system, and the right one will minimize your overhead. A few of the most common options include loans, leases, power purchase agreements (PPAs), and cash payments. Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they save you from 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. Like a car or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) allows you to pay a monthly rate determined by the energy you use, as with an electric bill. We typically don’t recommend these two choices because you won't own the solar system and cannot use solar incentives. Look for installers that offer several payment plans to find the right fit for your financial needs.
The table below lists the average payback periods for different capacities of solar systems in Chandler.
The IRS allows you to claim a 26% federal solar tax credit on your new solar panels, so long as you purchase it before 2032. Local governments and utilities might also offer their own rebates, financing programs, and incentives that could save you more money.
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 Chandler
How much money could I save by going solar in Chandler?
How common is solar energy in Chandler?
Will solar panels boost my Chandler home value?
What can I do to calculate my home's solar viability?
What is a Chandler solar panel's average lifespan?
What is the average payback period for Chandler solar panels?
How can I boost my solar array's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
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