Articles Solar

Advantages of Residential Solar Power

Residential Solar Power
[dropcap]R[/dropcap]esidential solar power continues to grow in popularity throughout the United States and especially in states like Arizona. With utility rebates offered at $1.00/Watt for APS, $1.35/Watt for SRP and $2.00/Watt for TEP, solar power is truly an affordable option; both short-term and long-term. The short-term payoff is seen through the immediate increased home value. The long-term payoff is seen through the longevity of the system performance, which is 20 to 25 years. Paying an electric bill is inevitable and with utility rates increasing at a rate of 3% a year, why not start your investment now? One concern we get a lot has to do with panel efficiency.

Maybe we should wait for technology to catch up with cost? My response is that it’s a relative comparison. If you wait, you lose out on the utility and tax credits that keep the cost affordable NOW and your investment just keeps getting put off. On the other hand, if you take advantage now, you start saving now and you could have your investment paid off by the time any real efficiencies are introduced to the market. And at that time, are they really going to be that much more efficient and won’t the cost be relative without the rebates and credits to apply? We are quoting systems at $4.15-4.50/Watt, depending on overseas or USA made product. We are able to quote a solar electric system with a payoff period between five to seven years. Your savings and investment continue to provide an even better return each year that you have it due to utility rate increases. Really, I can’t think of a better time to invest.