Solar energy is a wise investment for homeowners in Globe, Arizona. The city’s high electricity rates and abundant sunshine make it an ideal location for solar panel installation. Solar panels can save homeowners money on their energy bills, reduce their carbon footprint, and contribute to a cleaner environment. There are many benefits to installing solar panels for homeowners in Globe. One of the most significant benefits is the potential for significant cost savings. Solar panels can generate free electricity from the sun, which can offset a homeowner’s electric bill. In fact, many homeowners in Globe are able to completely offset their electric bills with solar panels. Additionally, solar panels can increase the value of a home. Studies have shown that homes with solar panels sell for an average of \$15,000 more than similar homes without solar panels.
In addition to the financial benefits, solar panels also have environmental benefits. Solar energy is a clean and renewable source of energy that does not produce any emissions. This can help homeowners reduce their carbon footprint and contribute to a cleaner environment. Solar panels can also help improve air quality by reducing the need for fossil fuels. If you are a homeowner in Globe, Arizona, you should consider installing solar panels. Solar panels are a wise investment that can save you money, increase the value of your home, and help protect the environment. Here are some specific examples of how solar panels can benefit homeowners in Globe: * A homeowner with a 1,000-square-foot home in Globe can save an average of \$1,500 per year on their electric bill by installing solar panels. * A homeowner who installs solar panels can increase the value of their home by an average of \$15,000. * A homeowner who installs solar panels can reduce their carbon footprint by an average of 10,000 pounds per year. If you are interested in learning more about solar panels for homeowners in Globe, Arizona, please contact a local solar installer.
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 Globe 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 Globe.
Solar energy is a renewable, carbon-free resource so it can help Globe 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 Globe . 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 Globe, 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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