Solar Panel Cost Guide in Anthem, AZ (2023 Update)
- Anthem Solar Installation Cost: $9,336
- 25-Year Savings: $26,633
- Payback Period: 6.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Anthem
See how much it might cost to go solar in Anthem.
In Anthem, solar panels cost about 2.61 per watt on average. To account for the typical energy needs of the average home in Anthem, most homeowners require a 5.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,336, or $13,350 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what solar installer you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Anthem can save around $27,000 on their power bills over 20 years.
To get a free quote from a pre-vetted solar installer in Anthem, you can click the button below.
Solar savings over time in Anthem
| Year | Return on Investment |
|---|---|
| 1 years | $-7,897 |
| 3 years | $-5,020 |
| 5 years | $-2,142 |
| 7 years | $735 |
| 9 years | $3,613 |
| 11 years | $6,490 |
| 13 years | $9,368 |
| 15 years | $12,245 |
| 17 years | $15,123 |
| 19 years | $18,000 |
| 21 years | $20,878 |
| 23 years | $23,755 |
| 25 years | $26,633 |
Top Solar Installers in Anthem
When going solar, many homeowners opt to use a solar installer since DIY solar panel installation can be a challenging project. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers nearby:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Anthem
Factors that Affect Solar Panel Costs in Anthem
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Anthem: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Anthem to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. However, the interest on solar loans also increases your overall costs, so it's vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Anthem is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services at different costs. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.71 | $11,400 | $30,795 | 6.8 years |
| 8 kW | $2.66 | $14,908 | $41,352 | 6.6 years |
| 10 kW | $2.61 | $18,270 | $52,056 | 6.5 years |
| 12 kW | $2.56 | $21,486 | $62,905 | 6.4 years |
| 14 kW | $2.51 | $24,555 | $73,901 | 6.2 years |
| 16 kW | $2.45 | $27,478 | $85,043 | 6.1 years |
| 18 kW | $2.40 | $30,255 | $96,331 | 6.0 years |
| 20 kW | $2.35 | $32,886 | $107,765 | 5.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should opt for, since different companies have different panels.
- Contract: Look through the contract terms carefully to make sure you understand the total cost, completion timeline incentives and warranties.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Anthem, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Anthem?
The average cost of solar panels in Anthem is about $13,050 for a 5-kW system and $26,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.