17 Best Solar Companies in Eloy, AZ (Jan 2023 Review)

The Cost and Benefits of Solar in Eloy

We understand that for lots of homeowners, the choice to invest in solar comes down to installation costs. There are quite a few factors you should consider when trying to figure out how much it will cost and how much you can save, including:

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. In addition, you can save about $25,000 over 20 years on your utility bills, without incentives.
• Electricity consumption: The average household in Eloy uses a decent amount of, and as a result may save on their energy bills.
• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.

Solar is a fruitful investment for most homeowners. You can generate your own energy instead of paying for it from the grid and make use of solar incentives, all while helping protect the planet.

Solar Incentives in Eloy

Although solar power is typically a big investment, it can save you much money over many years due to reduced power bills and government incentives. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some state and city incentives that you can use to further save. For comprehensive information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Eloy

One of the best reasons to use solar power is to minimize your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Eloy, though. The more power you use, the better off the planet will be when you switch to solar as you won't have to rely on traditional energy sources as much. If you go solar, your carbon dioxide emissions can be reduced by about 100 pounds a year. As you can see, trading traditional energy for solar has so many other rewards besides saving money. One of the primary ones is that you can help save the planet too.