The solar industry is growing rapidly. Many people are choosing to turn to renewable energy and installing solar panels because it’s trendy, eco-friendly, and profitable. But does it work the same for everybody in the US? Well, different states offer different solar irradiance,
electricity rates and solar incentives, which form the basis of the U.S. Solar Ranking.
The best states for going solar are those with the shortest payback period. For example, residents of Arizona – #1 solar state – can get back the money they pay for a solar system installation just in 3 years and enjoy free electricity from then on. This is the combination of high electricity prices, abundant solar radiation, and local solar rebates and incentives that makes going solar a profitable investment. There are some other factors to take into account, though: availability of RPS (Renewable Portfolio Standard) and Net Metering, property and sales tax exemption, and tax credits.
Click on your state to find out how solar-friendly it is and how much you can economize if you go solar.