Solar Panel Cost Guide in Drexel Heights, AZ (2024 Update)
- Drexel Heights Solar Installation Cost: $10,974
- 25-Year Savings: $24,873
- Payback Period: 8.0 Years
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Average Cost of Solar Panels in Drexel Heights
We break down average solar pricing in Drexel Heights.
The average cost of solar panels in Drexel Heights is 3 per watt.Because 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 $10,974 after claiming the federal solar tax credit of 0.
How much you pay can be above or below the average in Drexel Heights depending on several factors, such as the model of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a solid investment. The average homeowner in Drexel Heights can save around $25,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Drexel Heights for a custom estimate.
Solar savings over time in Drexel Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-9,418 |
| 3 years | $-6,306 |
| 5 years | $-3,194 |
| 7 years | $-82 |
| 9 years | $3,030 |
| 11 years | $6,142 |
| 13 years | $9,253 |
| 15 years | $12,365 |
| 17 years | $15,477 |
| 19 years | $18,589 |
| 21 years | $21,701 |
| 23 years | $24,813 |
| 25 years | $27,925 |
Top Solar Installers in Drexel Heights
Many homeowners choose to hire a solar panel company since installing solar panels by yourself can be challenging. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
If you’d like to start using solar energy but still aren’t certain which solar panel installer to go with, here are our recommendations for providers nearby:
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 Drexel Heights
Factors that Affect Solar Panel Costs in Drexel Heights
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Drexel Heights: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
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 consumes, the larger your system will likely need to be. You can expect to spend about $3,070 per kilowatt in Drexel Heights.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Drexel Heights, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Drexel Heights offer solar loans, which reduce your upfront costs of installing solar.It’s a good idea to include 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 off the loan.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Drexel Heights, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $26,775 | 8.3 years |
| 8 kW | $3.13 | $17,536 | $36,044 | 8.2 years |
| 10 kW | $3.07 | $21,490 | $45,485 | 8.0 years |
| 12 kW | $3.01 | $25,272 | $55,098 | 7.9 years |
| 14 kW | $2.95 | $28,883 | $64,882 | 7.7 years |
| 16 kW | $2.89 | $32,321 | $74,839 | 7.5 years |
| 18 kW | $2.82 | $35,587 | $84,967 | 7.4 years |
| 20 kW | $2.76 | $38,682 | $95,268 | 7.2 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes 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 Drexel Heights, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Drexel Heights?
The average cost of solar panels in Drexel Heights is about $15,350 for a 5-kW system and $30,700 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Drexel Heights?
You can’t get solar panels for free in Drexel Heights. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Drexel Heights is currently $365,219, which means you could be looking at a value of about $14,974 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Drexel Heights is a worthwhile investment.
How long do solar panels last in Drexel Heights?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.