17 Best Solar Companies in Peoria, AZ (Jun 2022 Review)

The Cost and Benefits of Solar in Peoria

For the majority of homeowners, whether or not to invest in a solar energy system comes down to the cost. The cost of solar and the savings it generates vary depending on some key factors such as:

• The amount of sunlight your area gets: Due to Peoria's very high amount of average daily sunlight, you should be able to save a lot on your electric bills.
• Energy consumption: Installing a solar system may be an expensive option for households that don't use too much energy per month.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 26% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can use. Additionally, you can save about $25,000 over 20 years on your utility bills, before factoring in incentives.
• System size and type: Some models are more costly than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.

So are solar panels worth it? Whether you want to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Peoria homeowners.

Solar Incentives in Peoria

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar more affordable and accessible. Local solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. The table below tells you about the incentives you can take advantage of in Peoria.

Environmental Impact of Switching to Solar in Peoria

There are a few big reasons why people are interested in solar energy: for the financial and environmental benefits. But — how much exactly can you help the environment by using solar power? For people who are environmentally-conscious, going solar is an easy decision, especially since Peoria produces a high amount of carbon dioxide emissions from its energy generation. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 100 pounds each year. Since energy from the sun is plentiful and generates electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help preserve the environment.