Solar Panel Cost Guide in Flowing Wells, AZ (2023 Update)
- Flowing Wells Solar Installation Cost: $9,336
- 25-Year Savings: $23,735
- Payback Period: 7.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Flowing Wells
Find out what the average cost of solar panels are in Flowing Wells.
While the national average of solar panels is $2.66 per watt, solar panels in Flowing Wells typically cost around 2.61. Since a 5.1-kW system is needed to cover the energy needs of a typical home in Flowing Wells, the average price of going solar will be about $9,336 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Flowing Wells homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $25,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in Flowing Wells
| Year | Return on Investment |
|---|---|
| 1 years | $-8,013 |
| 3 years | $-5,367 |
| 5 years | $-2,722 |
| 7 years | $-76 |
| 9 years | $2,570 |
| 11 years | $5,215 |
| 13 years | $7,861 |
| 15 years | $10,506 |
| 17 years | $13,152 |
| 19 years | $15,798 |
| 21 years | $18,443 |
| 23 years | $21,089 |
| 25 years | $23,735 |
Top Solar Installers in Flowing Wells
Trying to install solar panels by yourself can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. The expertise that solar installers offer can be useful as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
If you'd like to start using solar energy but still aren't sure which solar installer to go with, here are our suggestions for providers nearby:
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 Flowing Wells
Factors that Affect Solar Panel Costs in Flowing Wells
For many Flowing Wells homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Flowing Wells, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,610. The type of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Flowing Wells homeowners choose to finance their solar panel systems to offset upfront costs. Even though solar loans make switching to solar energy more accessible for Flowing Wells homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you select will impact your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. You may notice 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 promotions 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 | $27,454 | 7.3 years |
| 8 kW | $2.66 | $14,908 | $36,898 | 7.2 years |
| 10 kW | $2.61 | $18,270 | $46,488 | 7.1 years |
| 12 kW | $2.56 | $21,486 | $56,224 | 6.9 years |
| 14 kW | $2.51 | $24,555 | $66,107 | 6.8 years |
| 16 kW | $2.45 | $27,478 | $76,135 | 6.6 years |
| 18 kW | $2.40 | $30,255 | $86,310 | 6.5 years |
| 20 kW | $2.35 | $32,886 | $96,630 | 6.3 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Contract: Read the contract terms carefully to make sure you understand the total cost, project completion timeline incentives and warranties.
- Installation Process: When making the switch to solar, it's necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project completion timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Flowing Wells, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Flowing Wells?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,050 for a 5-kW system and $26,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Flowing Wells?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your home value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't go 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 long do solar panels last in Flowing Wells?
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 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.