Solar technology is an Innovative renewable energy source that has been making its way across the country for the past decade. The slow progression of solar panels has been in part due to the initial price of installing solar panels in the early stages of their development. Over the course of the last several years, solar panel prices have got somewhat cheaper, but are still a little bit too high for the average person to consider for installment.
Citizens of Arizona maybe curious about their options when it comes to installing solar panels on their property. The average price of solar panels is constantly changing based on a number of factors that are in the balance.
A fully develop solar panel farm is approximately $16,000 in the state of Arizona prior to any tax breaks and federal incentives. After these incentives, the overall cost of these solar panels significantly drops. But the upfront cost of installing them is approximately $16,000.
Solar Panels Incentives and Costs
Some people may believe that it is still too costly to take the step to solar energy in the year of 2019. While the costs are somewhat significant, they have significantly dropped from where they were almost a decade ago. It is unclear of solar panels will continue to drop in price, but over the course of the next decade there is a good chance that they will become somewhat cheaper as a technology becomes more and more efficient to produce.
Citizens in the state of Arizona have several reasons to consider installing solar panels. The good news is that the location it’s perfect for optimal sunlight throughout the entire year. States like Arizona and California tend to take in a lot more sunlight than states they constantly find themselves and rain storms and thunderstorms.
There are also solar tax credits that allow you to deduct up to 30% of the installment cost of solar panels in the year 2019. There is no better time to install solar panels and take advantage of the significant federal tax break. This is an incentive that may expire at some point in the tax code in the future, so it is important to take advantage of it while it lasts.
Regardless of the cost of solar panels, it is an important step to take, and more than likely you will be using solar energy to power your house at some point in the near future.