Arizona, you rock for solar. I’ve just updated Arizona page, and I have to say that the state and the legislators and utilities have come a long, long, way since our last review of the page. They’ve come a long way with rich incentives and a new net metering policy which requires most utilities to pay you for the extra solar juice your panels produce. Read the full Arizona page here, but here’s the bottom line: For an average 5kW system in the greater Phoenix area, this is what you get for solar rebates and incentives:
- Cost Before Incentives: $35,000 (5000watts x $7/watt) (Don’t panic!)
- State Rebate: subtract $15,000 ($3/watt x 5000 watts)
- 30% Federal tax credit: subtract $6,000 (calculated after State rebate)
- Arizona State tax credit: subtract $1000
- Years to Payback: 10 years (Using Net Metering and “Time of Use” TOU rate (Schedule ET-1) That means you get about 80% of your electric costs free after 10 years. Not bad.
Estimated NET cost: $13,000
Oh, yeah. This helps too:
- Greenhouse Gas (CO2) Saved: 9618lbs/year, or like not driving 11,500 miles a year.
- New monthly electric bill with solar (first year): What used to be a $100 average bill without solar is now about $15/month average.
Read the full Arizona report here, or go right to our handy dandy find a local installer page and get your own free, customized quote for you sun drenched soon to be solar home.
The Solar Power Seriousness Quiz »« Get Your Solar Net Metering and Rebates While You Can
Whats even better. In Oregon if you produce over 500 kwh of electricity they have to purchase it from the homeowner for 65 cents a kwh or if in Eastern Oregon they have to pay 55 cents per kwh.
