Solar energy has become increasingly popular among homeowners in Black Canyon City, Arizona, for a variety of reasons. One of the most significant benefits of solar energy is its ability to save homeowners money on their monthly utility bills. By installing solar panels on their homes, homeowners can generate their own electricity and reduce their reliance on the grid. This means that they can significantly lower their electricity bills, especially during the hot summer months when air conditioning use is at its peak. In fact, according to a study by the National Renewable Energy Laboratory, homeowners who switch to solar can save an average of 75% on their electricity costs. This is a significant amount of money that homeowners can put towards other expenses, such as education, travel, or retirement savings. In addition to saving money, solar energy is also a sustainable and environmentally friendly option for homeowners in Black Canyon City.
Arizona is known for its abundant sunshine, and utilizing that resource for energy production can greatly reduce the carbon footprint of homes in the area. By switching to solar, homeowners can decrease their reliance on fossil fuels and help combat climate change. Furthermore, the installation of solar panels can also increase the value of a home. According to a study by the Lawrence Berkeley National Laboratory, homes with solar panels sold for an average of $15,000 more than homes without solar panels. This is because potential buyers are willing to pay a premium for homes with lower utility costs and a smaller environmental impact. Overall, there are many benefits to choosing solar energy for homeowners in Black Canyon City. Solar energy can save homeowners money, reduce their carbon footprint, and increase the value of their homes. By choosing solar energy, homeowners can make a positive impact on their finances, the environment, and their community.
A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².
The average residential electricity rate in Black Canyon City is 0.14 Cents per Kilowatt Hour.
There are 60 solar policies and incentives in the state of Arizona. These incentives and tax credits help reduce the cost of solar panels in order to promote this source of renewable energy. View all Incentives and Tax Credits in Arizona on dsireusa.org.
At the most basic level, solar panels are devices that take in the sun’s rays and convert them into electricity or heat. Once the sun hits the panels, the energy is made into electricity. A solar inverter helps turn the electricity into power that can be used. The more panels you have on a roof, the more solar electricity you can produce! Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it in Black Canyon City.
Solar energy is a renewable, carbon-free resource so it can help Black Canyon City to combat greenhouse gas emissions and reduce dependence on fossil fuels. While there are what some call hidden carbon footprints regarding the manufacturing of solar panels, once installed, it is carbon free. In order for the panels to be carbon neutral meaning save more than was used during manufacturing, the solar panels will need to be in operation for 3 years. After these 3 years, the system will remain carbon neutral for the rest of its lifespan. The carbon footprint of solar panel’s is around 20% less than the carbon output of electricity sources powered by coal. Furthermore, for a system size of 6kw, there is a reduction of around 6.3 metric tons of carbon emission per year.
The Solar Investment Tax Credit, also known as the Federal Solar Tax Credit, aims to help grow solar energy in the United States. In order to help reduce the initial cost of solar, all U.S. solar customers are eligible for a tax credit for 26% off their solar system if it is installed and turned on, generating power, by the end of 2022. This tax credit can be claimed by any U.S. homeowner as long as the system is on your primary or secondary residential location. This incentive is time sensitive as in 2024 it will not be available to homeowners. Additionally, the percentage decreases in 2023 to 22%. Learn more about the Federal Solar Tax Credit at Energy.gov.
The National Renewable Energy Laboratory says that installing solar panels is viewed as an upgrade and homebuyers across the country are willing to pay a premium for the economic and environmental benefits of a solar home. Additionally, homes with solar panels often sell faster than those without. The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20 in Black Canyon City . More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.
It is no surprise that electricity costs have been increasing. The cost of electricity has risen dramatically in the last ten years and that trend is expected to continue in Black Canyon City, Arizona. Read more about the rising electricity costs on Energy Information Administration page. According to the Energy Information Administration, the average nominal retail electricity price paid by U.S. residential electric customers rose at the fastest rate since 2008, increasing 4.3% from 2020 to 13.72 cents per kilowatthour in 2021. Solar panels are like an insurance policy against increasing electricity rates. With home solar, you get the power to control your energy’s future.
All facts, figures, and information contained on this pages are generalizations for information purposes only. The specific figures for your address may vary. The Solar landscape is constantly evolving but here a few additional resources for you to stay up to date https://www.eia.gov/, https://www.seia.org/resources and https://www.energy.gov/solar.
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