APS Rates Are Increasing—Is Now the Time to Go Solar?

July 19, 2018

Arizona Public Service Co. (APS) recently increased the amount of money Phoenix-area customers will have to pay for their electricity. Rising electrical expenses and aging grid infrastructure is leaving many homeowners wondering if now is the right time to make an investment in residential solar energy technology. While it’s true that installing photovoltaic (PV) panels on your home can be significantly expensive at the outset, it could wind up saving you enough energy in the long run to be more than worth your while.

Energy costs throughout the nation are rapidly rising for a number of reasons. The aged nature of the U.S. electrical grid is a primary cause of rate hikes—because more money is needed to repair and maintain the nation’s energy infrastructure, alternative energy in Scottsdale, AZ is beginning to look more and more appealing.

There are a number of considerations, in addition to rate hikes, that you should take into account before deciding to invest in residential solar technology. Here are just a few things to evaluate before you make the leap:

  • Energy usage: If you live in a small home and consume very little energy, an investment in solar technology may not be right for you. Typically speaking, PV panels reap the greatest rewards for heavy energy users. If you travel frequently or spend little time at home, the energy savings reaped by installing solar panels may not pay off quickly enough for you.
  • Available sunlight: Another thing to consider is the amount of sunlight available on your property. While many PV panels can be mounted to a residential roof, the amount of energy these panels can generate may not be significant enough to justify the costs of installation if you are on a lot that doesn’t receive much sunlight.
  • Governmental incentives: There are various federal, state and local incentives that may help alleviate the capital costs associated with solar panel installation. Typically, these benefits come in the form of government rebates or tax credits. Consult with a local solar professional to learn more about any incentives that may be available in your area.
  • Installation costs: Solar panel installation is expensive, and recently announced tariffs on imported solar panels are likely to increase the initial investment required to install solar panels on a residential property. Depending on the individual situation presented by your property and lifestyle, there may be other solutions for alternative energy in Scottsdale, AZ that you can explore.

For more than five years, Aneva Energy has been on the cutting edge of alternative energy in Scottsdale, AZ. We provide each and every one of our clients with high-quality solar energy solutions that meet their individual needs. You can count on us to provide you with residential solar panels that are cost-effective and reduce your carbon footprint. Contact one of our friendly and professional representatives today to learn more about ways that we can help you make the most of burgeoning solar technology, and maximize your potential energy savings.

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