Some of RED LION SOLAR’S customers have been able to cut their summer electric bill in half or more, which can be a massive savings when bills are several hundred dollars every month. If you produce more electricity than you use, it goes into the power grid and the power company credits you (applicable to power company).
Additionally, if you purchase your panels (rather than lease), you are eligible for tax credits. The federal tax credit is currently 22% in 2021, while the Arizona solar tax credit is 25% with a cap of $1,000. There is also a property tax exemption if the solar panels increase the value of your home as well as an exemption on the sales tax up to 5.6%.