Solar Panel Cost Guide in Buckeye, AZ (2024 Update)
- Buckeye Solar Installation Cost: $10,991
- 25-Year Savings: $26,624
- Payback Period: 7.6 Years
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Average Cost of Solar Panels in Buckeye
Let’s take a look at the average cost of solar in Buckeye.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Buckeye, the typical cost of a solar system is 3 per watt.The average solar panel system size in Buckeye is around 5.1 kilowatts, meaning a cost of about $10,991 for a solar installation, or $15,717 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Buckeye homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $27,000 over 20 years on power bills.
To receive a free estimate from a top solar company in Buckeye, you can click the button below.
Solar savings over time in Buckeye
| Year | Return on Investment |
|---|---|
| 1 years | $-9,326 |
| 3 years | $-5,995 |
| 5 years | $-2,664 |
| 7 years | $668 |
| 9 years | $3,999 |
| 11 years | $7,330 |
| 13 years | $10,661 |
| 15 years | $13,992 |
| 17 years | $17,323 |
| 19 years | $20,654 |
| 21 years | $23,985 |
| 23 years | $27,316 |
| 25 years | $30,647 |
Top Solar Installers in Buckeye
Although you can install solar panels yourself, it involves extra energy and know-how. For that reason, most homeowners choose to hire a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you opt for a solar contractor as well, which can save you more money after your upfront investment.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our recommendations for providers in Buckeye:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Buckeye
Factors that Affect Solar Panel Costs in Buckeye
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,070 per kilowatt in Buckeye.There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get 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 Buckeye to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Buckeye, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.19 | $13,410 | $28,786 | 7.9 years |
| 8 kW | $3.13 | $17,536 | $38,725 | 7.8 years |
| 10 kW | $3.07 | $21,490 | $48,836 | 7.6 years |
| 12 kW | $3.01 | $25,272 | $59,118 | 7.5 years |
| 14 kW | $2.95 | $28,883 | $69,573 | 7.3 years |
| 16 kW | $2.89 | $32,321 | $80,200 | 7.2 years |
| 18 kW | $2.82 | $35,587 | $90,999 | 7.0 years |
| 20 kW | $2.76 | $38,682 | $101,969 | 6.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The type of solar panel you need plays a part in which company you should opt for, since different companies offer different panels.
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Buckeye, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Buckeye?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Buckeye?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How will having solar panels impact my home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.