Are you considering solar energy for your home in Phoenix? Now is the perfect time to harness the power of the sun and take advantage of significant savings through federal and state tax credits. Our team at Phoenix Valley Solar can help you navigate these incentives and maximize your savings. You can also use our Arizona Solar Calculator to get an estimate of your potential benefits.
Arizona is rapidly becoming a leader in solar energy, with solar power making up 81% of new energy generation nationwide in 2024. A recent report from the Federal Energy Regulatory Commission (FERC) highlights how states like Arizona are embracing solar and battery storage to meet growing energy demands. With the Arizona Corporation Commission (ACC) approving over 4,700 MW of new energy capacity, the majority of which is solar and battery storage, it’s clear that solar is the future of energy in the state. (Read the full report here.)
This shift isn't just happening at the utility level—homeowners are also realizing that now is the best time for an Arizona home solar installation. Here’s why:
1. Record-High Solar Growth in Arizona
According to the Arizona Corporation Commission, 82% of Arizona’s newly approved energy capacity is coming from solar and battery storage (source). With Arizona Public Service (APS) adding 2,500 MW of solar and battery storage and Tucson Electric Power (TEP) planning an additional 400 MW by 2026, the infrastructure to support a solar-powered future is stronger than ever.
Homeowners who install solar today can take advantage of an energy grid that is increasingly optimized for solar power. As utilities expand their renewable energy portfolios, the potential for savings and energy independence for homeowners grows.
2. Lower Energy Costs for Arizona Homeowners
Energy prices are expected to continue rising, making Arizona home solar installation an attractive option for homeowners looking to lock in lower electricity costs. Solar energy allows homeowners to generate their own power, reduce dependence on the grid, and even sell excess electricity back to the utility through net metering programs.
Vice Chair Myers of the Arizona Corporation Commission stated that maintaining grid reliability in Arizona requires an “all-of-the-above approach” that includes solar and battery storage. This means that solar power is not only cost-effective but also strategically prioritized by Arizona’s energy regulators (source).
3. Financial Incentives & Federal Tax Credits
There has never been a better time for an Arizona home solar installation, thanks to multiple financial incentives, including:
Federal Solar Tax Credit (ITC): Homeowners can deduct 30% of their solar installation costs from their federal taxes.
Arizona State Tax Credit: A tax credit of up to $1,000 for residential solar installations.
Utility Rebates & Solar Financing: Many utilities and solar companies offer affordable financing and rebate programs, making solar more accessible than ever.
With rising electricity costs and generous incentives, solar panels pay for themselves faster than in previous years. Homeowners who install now will lock in savings for decades.
4. Energy Independence & Grid Reliability
Arizona’s increasing investment in solar and battery storage isn’t just about lowering costs—it’s also about ensuring energy reliability and independence. APS and TEP’s power purchase agreements with third-party solar and battery storage developers will create a more resilient energy grid (source).
By installing solar panels and adding battery storage, homeowners can store excess energy during the day and use it at night, ensuring protection against outages and high peak-time electricity rates.
Now Is the Time to Go Solar in Arizona
With record-breaking solar growth, increasing financial incentives, and rising energy prices, 2024 is the best time for an Arizona home solar installation. Homeowners who act now will benefit from lower electricity bills, energy independence, and a more sustainable future.
Are you considering solar energy for your home in Phoenix? Now is the perfect time to harness the power of the sun and take advantage of significant savings through federal and state tax credits. Our team at Phoenix Valley Solar can help you navigate these incentives and maximize your savings. You can also use our Arizona Solar Calculator to get an estimate of your potential benefits.
Комментарии