Solar Panel Cost Guide in Eagar, AZ (2023 Update)
- Eagar Solar Installation Cost: $10,231
- 25-Year Savings: $25,749
- Payback Period: 7.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Eagar
Let's take a look at the average cost of solar panels in Eagar.
The average cost of solar panels in Eagar is 2.61 per watt. The average Eagar homeowner needs a 5.6-kilowatt system, which would cost about $10,231 with the federal tax credit, or $14,630 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what installation company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $24,000 over 20 years on utility bills.
To get a free quote from a vetted solar installation company in Eagar, you can click the button below.
Solar savings over time in Eagar
| Year | Return on Investment |
|---|---|
| 1 years | $-8,792 |
| 3 years | $-5,914 |
| 5 years | $-3,035 |
| 7 years | $-157 |
| 9 years | $2,722 |
| 11 years | $5,600 |
| 13 years | $8,479 |
| 15 years | $11,357 |
| 17 years | $14,235 |
| 19 years | $17,114 |
| 21 years | $19,992 |
| 23 years | $22,871 |
| 25 years | $25,749 |
Top Solar Installers in Eagar
Installing solar panels yourself can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Plus, if you're not certain what type of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Eagar
Factors that Affect Solar Panel Costs in Eagar
Although the average cost of a solar system in Eagar is $10,231, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,610. The brand and kind of equipment you get for your solar system can raise or lower 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Eagar homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only 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 finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Eagar know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $27,149 | 7.4 years |
| 8 kW | $2.66 | $14,908 | $36,491 | 7.3 years |
| 10 kW | $2.61 | $18,270 | $45,979 | 7.1 years |
| 12 kW | $2.56 | $21,486 | $55,614 | 7.0 years |
| 14 kW | $2.51 | $24,555 | $65,394 | 6.8 years |
| 16 kW | $2.45 | $27,478 | $75,321 | 6.7 years |
| 18 kW | $2.40 | $30,255 | $85,394 | 6.5 years |
| 20 kW | $2.35 | $32,886 | $95,613 | 6.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Eagar, AZ Solar Cost FAQs
How much does it cost to install solar panels in Eagar?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $13,050 for a 5-kW system and $26,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact my 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 Eagar is currently $154,852, which means you can look forward to a value of about $6,349 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Eagar is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 buy between 20 and 35 panels to cover 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.