Solar Panel Cost Guide in Florence, AZ (2024 Update)
- Florence Solar Installation Cost: $11,072
- 25-Year Savings: $24,181
- Payback Period: 8.2 Years
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Average Cost of Solar Panels in Florence
We break down average solar pricing in Florence.
The average cost of a solar system in Florence is 3 per watt.Using this figure, a typical 5.2-kW system would cost about $11,072 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely differ based on your specific situation and what company you want to go with.Despite the high upfront cost, the average Florence homeowner can save around $25,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar installer in Florence for a personalized quote.
Solar savings over time in Florence
| Year | Return on Investment |
|---|---|
| 1 years | $-9,482 |
| 3 years | $-6,301 |
| 5 years | $-3,121 |
| 7 years | $60 |
| 9 years | $3,240 |
| 11 years | $6,421 |
| 13 years | $9,601 |
| 15 years | $12,782 |
| 17 years | $15,963 |
| 19 years | $19,143 |
| 21 years | $22,324 |
| 23 years | $25,504 |
| 25 years | $28,685 |
Top Solar Installers in Florence
Trying to put up solar panels on your own can be a challenging project, which is why using a solar installation company is a good option for many homeowners. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by offering warranties and repairs.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Florence
Factors that Affect Solar Panel Costs in Florence
The cost of installing a solar system in Florence can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Florence, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by around $3,070 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Florence average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Florence homeowners opt to finance their solar panel systems to offset upfront costs.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can impact the cost. Florence’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and better pricing. Smaller local companies might be more costly, but they generally 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 | $25,711 | 8.6 years |
| 8 kW | $3.13 | $17,536 | $34,626 | 8.4 years |
| 10 kW | $3.07 | $21,490 | $43,712 | 8.2 years |
| 12 kW | $3.01 | $25,272 | $52,970 | 8.1 years |
| 14 kW | $2.95 | $28,883 | $62,400 | 7.9 years |
| 16 kW | $2.89 | $32,321 | $72,002 | 7.7 years |
| 18 kW | $2.82 | $35,587 | $81,776 | 7.6 years |
| 20 kW | $2.76 | $38,682 | $91,722 | 7.4 years |
How to Save on Solar Panels
There are numerous companies to choose from in Florence, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Contract: Before you sign a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Florence, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Florence?
The average cost of solar panels in Florence is about $15,350 for a 5-kW system and $30,700 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Florence?
You can’t get solar panels for free in Florence. However, you may still be able to get 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.
Is it worth going solar in Florence?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
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 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.