Benefits of Solar Energy
Solar energy offers multiple advantages. Here are some highlights.
- Better energy independence: Adding a battery storage system lets you have trustworthy energy during grid outages and storms.
- Lowered energy bills: Solar panels allow you to 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 number of states offer net metering, which permit you to earn money by selling your unused energy back to the grid.
- Reduced carbon footprint: Solar is a highly abundant clean energy source, meaning you can minimize or conquer your home's dependence on "traditional" sources.
What Solar Incentives Are Available to Goodyear Homeowners?
Arizona homeowners who go solar could qualify for special financing, reimbursements, tax credits and rebates. Here are just a few of the local 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 Goodyear
The more informed your company research is, the better your solar system will ultimately function. Here are some key items to consider while searching for a solar provider.
Licensing and Training
The Arizona Registrar of Contractors grants 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. Solar companies can also pursue certifications from standards organizations and trade groups. The most recognized 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 Goodyear
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
If you'd like to charge an electric vehicle (EV) or use your solar power in dark weather, you can pay extra for accessories. By choosing the right components, you can make your system more efficient and convenient to use. Not all solar providers provide these optional components, so look for a company that sells them if it's essential for you.
You can plan to spend about $15,350 on average for a five-kilowatt solar energy system in Goodyear. Check the table in this section to get an idea of the amount Goodyear solar companies might quote for your specific solar system's price.
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 Goodyear
Solar contractors offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are cash payments, solar loans, power purchase agreements (PPAs) and solar leases. We suggest paying with cash or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar panel incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) permits you to pay a monthly rate determined by the energy you use, akin to an electric bill. We typically don’t recommend these two choices because you won't own the solar system and are disqualified from using solar incentives. Look for contractors 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 Goodyear.
A 26% federal solar tax credit applies to new home solar systems purchased through 2032. Additional incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
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 Goodyear
How much money could I save by going solar in Goodyear?
How prevalent is solar energy in Goodyear?
Should I expect a property value increase after going solar?
What can I do to estimate my home's solar viability?
How many years will a typical solar system last?
Is solar panel installation a fast job?
How can I enhance my solar system'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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