Benefits of Solar Energy
Solar energy offers multiple benefits. Here are some highlights.
- Smaller power bills: Producing some or all of your own power will spend less on electricity long-term. Plus, some states offer net metering programs that allow you to sell your extra energy back to the grid, generating extra credits toward your energy bill.
- Better energy independence: Adding a battery storage system lets you have reliable energy during storms and grid outages.
- Reduced carbon footprint: Embracing solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Gilbert Homeowners?
Arizona homeowners who choose solar could qualify for rebates, special financing, reimbursements and tax credits. Here are just a few of the region's incentive programs.
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 Gilbert
The purchase price and efficacy of solar panels often hinge on the solar company that installed them. Make your choice based on the following key factors.
Licensing and Training
In Arizona, the Registrar of Contractors grants distinctive licenses for solar PV and thermal contractors. To install solar PV systems, a contractor must be a licensed electrician, and for solar thermal systems, they must be a licensed plumber. Solar companies can also earn accreditations from standards organizations and trade groups. The top ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Gilbert
Your photovoltaic panels' style will influence how much electricity 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.
If you need to charge an electric vehicle (EV) or use your solar power in dark weather, you can pay extra for add-ons. By choosing the right components, you can make your system more effective and user-friendly. Not every solar provider includes these optional components, so look for a company that sells them if it's crucial for you.
Generally speaking, it costs about $15,350 for a five-kilowatt solar array in Gilbert. This table shows more specific prices for different solar panel types and system components in your area.
| Solar Panel Cost | Average Cost |
|---|---|
| Solar Monocrystalline | $1,167 |
| Solar Polycrystalline | $910 |
| Thin-Film | $532 |
| Solar Battery | $747 |
| Solar Home EV Charger | $2,800 |
Financing Solar Energy in Gilbert
Solar contractors offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), cash payments, solar leases and solar loans. Most solar experts recommend a cash payment 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. Much like a home or auto loan, you'll pay a set monthly rate with as little as $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be appropriate in certain circumstances. Look for providers that offer multiple payment plans to find the right fit for your pocket.
The table below lists the average payback periods for different capacities of solar systems in Gilbert.
You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. City and state officials and utility companies might also offer discounts, rebates, and unique financing solutions 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 Gilbert
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Gilbert?
Should I expect a boost in my property value after adopting solar power?
Could I still use solar power if I live in a rainy, dark, or wooded area?
How long is a Gilbert solar panel's average lifespan?
How do I care for my new solar system?
How does "net metering" work, and do I need to participate?
Some states or power companies mandate you to enroll in net metering when installing your solar system, while others give you a choice. Either way, once you sign up, you'll get a bill credit or check for your excess generation at a retail or wholesale rate.
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