Solar Panel Cost Guide in Drexel Heights, AZ (2023 Update)
- Drexel Heights Solar Installation Cost: $9,330
- 25-Year Savings: $24,873
- Payback Period: 6.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Drexel Heights
Let's have a look at the average cost of solar panels in Drexel Heights.
Although the national average of solar panels is $2.66 per watt, solar panels in Drexel Heights typically cost about 2.61. Since a 5.1-kW system is needed to cover the energy needs of a typical home in Drexel Heights, the average price of going solar will be about $9,336 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary quite a bit based on several factors, such as what size system you need, your energy consumption and what solar installer you go with. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $25,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar installer in Drexel Heights for a custom quote.
Solar savings over time in Drexel Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-7,774 |
| 3 years | $-4,662 |
| 5 years | $-1,550 |
| 7 years | $1,562 |
| 9 years | $4,674 |
| 11 years | $7,786 |
| 13 years | $10,898 |
| 15 years | $14,010 |
| 17 years | $17,122 |
| 19 years | $20,234 |
| 21 years | $23,346 |
| 23 years | $26,458 |
| 25 years | $29,570 |
Top Solar Installers in Drexel Heights
When making the switch to solar, many homeowners decide to hire a solar installation company since handling can be a challenging project. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar installer in Drexel Heights, we've organized a list of our top suggestions here:
See all of the solar companies in Drexel Heights
Factors that Affect Solar Panel Costs in Drexel Heights
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Drexel Heights: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Drexel Heights provide solar loans, which reduce your upfront costs of installing solar. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Drexel Heights, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $28,784 | 7.1 years |
| 8 kW | $2.66 | $14,908 | $38,672 | 7.0 years |
| 10 kW | $2.61 | $18,270 | $48,705 | 6.8 years |
| 12 kW | $2.56 | $21,486 | $58,884 | 6.7 years |
| 14 kW | $2.51 | $24,555 | $69,210 | 6.5 years |
| 16 kW | $2.45 | $27,478 | $79,682 | 6.4 years |
| 18 kW | $2.40 | $30,255 | $90,300 | 6.3 years |
| 20 kW | $2.35 | $32,886 | $101,064 | 6.1 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:
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which installer you should go with, since different companies offer different panels.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Warranty: If you're concerned about the longevity of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
EcoWatch's Drexel Heights, AZ Solar Cost FAQs
How much does it cost to install solar panels in Drexel Heights?
The average cost of solar panels in Drexel Heights is about $13,050 for a 5-kW system and $26,100 for a 10-kW system before the ITC, but the actual 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.
Is it better to lease or buy solar panels in Drexel Heights?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Drexel Heights, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Drexel Heights?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide 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.