As an Arizona solar installer, we've seen firsthand the kind of benefits solar energy can offer: from reducing your carbon footprint to lowering energy bills, going solar has always been a smart choice for Arizona homeowners. Recent changes announced by Arizona Public Service (APS), could impact how much you save, unless you act fast.
Changes to Net Metering by Arizona Public Service: What You Need to Know
Arizona's largest utility company, APS, has just announced a cut in the buyback rate of excess solar energy. The buyback rate is the rate at which APS pays homeowners for the extra electricity produced by their photovoltaic panels and sent back to the grid. This buyback rate has been a huge driver for many Arizonans to install solar, since it can cut down their electric bills drastically overall.
However, new changes mean the rate of compensation on excess solar energy will be reduced. That reduction hinders new solar customers that sign up after the change takes effect. Existing customers or those that secure their solar purchase before the change get to be "grandfathered" in at the current, higher rate. In other words, securing the current rate now can really add up to big savings over the life of your solar system.
Why You Should Act Now
1. Maximize Your Savings: The current buyback rate pays for excess electricity due to APS much better. Installing solar allows payment under this higher rate for the next several years. That could mean thousands of dollars of difference depending on your solar system's size and level of energy output.
2. Don't Miss Out Due to Future Uncertainty: Utility policies and rates are fairly dynamic. Once you secure a solar purchase now, you could prevent yourself from future rate and policy changes. Currently, you are within the best terms, so this is a good financial decision to make while conditions are in your favor.
3. Increase Your House's Value: A house with solar panels installed will sell quicker than others. That in itself is a surety for doing so, especially in sunny states, like Arizona. By continuing with solar now while the buyback rate is higher, you're saving off of your own electrical bills, and you are also making a very smart investment in your property.
How to Lock In the Current Rate
In order to lock in the buyback rate that's in place right now, you'll want to make sure that your solar system is actually purchased and secured before the new rates go in. Here's how you can do that:
• Schedule a Consultation: First things first: get in touch with a reputable local solar installer - hey, that's us! To schedule your free consultation with us. We'll assess your energy needs, evaluate your home for its solar potential, and arm you with a detailed report to show you exactly how much your system would save you over time.
Don't Let Higher Savings Pass You By
The window is closing to lock in the current APS buyback rate. Take action now to secure this offer and ensure the highest value from your solar investment. From start to finish, we're here to support you in making switching to solar easy.
If you have been considering solar, now is the time to act. Call us today and find out how you can lock in higher savings, while having a greater impact on both your wallet and the environment.
Disclaimer: This is all based upon current APS policies and could therefore change. For the most up-to-date advice, it is always best to consult a solar professional.