Going solar? How much will it save?

Posted at 7:52 PM, Sep 22, 2016
and last updated 2016-09-23 15:34:26-04
In a sunny state like Arizona, installing solar panels on your roof seems to make a lot of sense. But does it really save you money?
Most of the installation incentives are now gone. You can still get a 30% Investment Tax Credit when filing.
The big question is: Will you actually save money?
If you're looking into it, you must start with a reputable solar installer.  Do an online search to see if they've had any issues around the country, and check their reputation on common sites like the Better Business Bureau and Ripoff Report.
You can also check companies through the Solar Energy Industries Association(SEIA). It's where you can also look at possible costs savings in different states.
Some solar companies will make verbal promises of big savings. You need to get those promises in writing in your contract. Also, check with your electricity provider to see if those promises are realistic. 
Find out more about electricity rate increases, solar power and clean energy through the Energy and Policy Institute.
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