It’s important to remember, though, that maximizing your solar ROI is all about timing. While it can be difficult to remember all the different moving deadlines and rate changes, we’re here to help.
So, if you’ve been waiting to go solar and are hoping for prices to go down even further, don’t forget these critical dates that will have a more immediate impact on your solar ROI.
1. APS Solar Buyback Rate Set for September Reevaluation: Every September, APS is set to reevaluate the rate at which they credit any excess solar energy sent back to the grid from rooftop solar customers. Currently, this rate is set at 12.9 cents for every kilowatt hour sent back to the grid. It’s safe to assume that this buyback rate will likely decrease in September, making it imperative to secure the highest rate you can today. To ensure the best financial return on your solar investment, going solar sooner and securing your rate will give you the most bang for your solar buck.
2. Migration to New APS Rate Plans is Almost Complete: On May 1st, 2018, APS hopes to have all non-solar customers moved over to one of their new rate plans. These new plans are part of last year’s rate case and are required for all APS customers who were not grandfathered under an existing solar plan. If you want to avoid this migration and the seemingly endless parade of utility rate hikes, going solar is a great way to lock in decades of predictable savings. As always, savings are unique to each family, so the best approach is to consult a solar expert for a customized quote.
3. Multi-Month Solar Installation Timeline: The summer heat is already creeping in on us, bringing memories of high electricity bills with it. This pain point usually pushes more people to consider the affordable, clean energy alternative of solar. Summer means a higher volume for solar installation companies, which translates into much longer installation timelines. To ensure that your system is up and running in time to reduce expensive summer bills, it’s wise to get the process started TODAY! Combine the busyness of a summer installation schedule with an existing multi-month design and permitting timeline, and the window is quickly closing to have a fully commissioned system online when the weather really heats up.
In addition to these deadlines, it’s also important to remember other incentives that have future deadlines, like the federal ITC that’s set to start ramping down in 2019. Although the sun itself doesn’t have an expiration date, don’t wait to cash in your piece!
If you’ve been thinking about making the switch to solar, now is the time to act! We invite you to contact one of our solar experts for a custom solar quote. If you aren't quite ready for a quote, you can download our complimentary whitepaper: Is Solar Right for You?