Both solar leases and solar ppas are very similar making it hard to tell the difference between the two.
Arizona solar panels negatives.
Costs a lot of money.
Solar leases and solar power purchase agreements ppas are two kinds of solar financing options that make it easy to install a solar system on your roof.
The large upfront cost is one of the biggest drawbacks of solar panel systems.
Disadvantages of solar energy 1.
Rps stands for renewable portfolio standard and requires the states investor owned utilities iou s to source 15 of their power from renewable sources by 2025.
So a 6 kw solar panel system would run you around 19 080 on average before the federal tax credit.
Panels that are owned add some value to the resale.
But you can save about 8 500 on a system of that size with the federal itc of 30 and the 1 000 arizona tax credit.
If you invest in a 7 8 kw solar system of twenty four 325 watt panels you could make enough electricity to erase the up front cost of the system in 11 years and then enjoy free electricity for at least 14 more years as the solar panels keep producing under the original manufacturer s warranty.
If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale.
Why is arizona such a strong market leader.
Recycling solar panels it s time to think ahead.
Right now the average cost of solar in the us is about 3 18 per watt.
These solar energy pros and cons are some of the top of mind issues for solar shoppers.
Regardless of any pros and cons of putting your home up for sale when it is equipped with solar panels in the end buyers are going to buy a home they love and the vast majority aren t going to let a pv system be the make or break factor.
High upfront cost.
Read on to learn about these points and other in depth and see the full list of solar energy pros and cons.
Top pros to keep in mind.
Again we re a bit biased but we think there are plenty of great reasons to support solar.
On the plus side houses with existing solar energy can sell for more than those that don t have it.
There are many benefits of solar energy.
Here are our most important ones to keep in mind.
1 solar saves you money.
Benefits of solar energy.
Arizona solar energy tax credit.
On average solar panels cost about 24 500 for a 7 kilowatt solar system in arizona.
Solar panels cons in arizona.
But it s not a straight calculation.
We ve written all over the site about the advantages and disadvantages of solar energy and here are a few highlights.
Not only do arizona residents get to take advantage of the federal tax credit but they can also receive the state s solar energy credit.
Arizona s solar energy credit is equal to 25 of the costs of a solar system up to 1 000.
So as you can see it does cost a good amount of money to get solar installed on your home.
In this blog we break down how exactly these financing options are different and which one might be the best choice for you.
