Solar Panel Cost Guide in Flowing Wells, AZ (2024 Update)
- Flowing Wells Solar Installation Cost: $10,974
- 25-Year Savings: $23,741
- Payback Period: 8.3 Years
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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 generally cost around 3.To cover the typical energy needs of the average home in Flowing Wells, most homeowners require a 5.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $10,974, or $15,693 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Flowing Wells based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.With typical savings of about $25,000 on utility bills over 20 years, many homeowners in Flowing Wells find going solar has a decent ROI.
You can click the button below to get connected with a top solar company in Flowing Wells that can help you get a more accurate cost estimate for your home.
Solar savings over time in Flowing Wells
| 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 Flowing Wells
Putting up solar panels on your own can be a stressful task, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some 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 Flowing Wells
Factors that Affect Solar Panel Costs in Flowing Wells
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Flowing Wells: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,070. There are many different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Flowing Wells homeowners opt to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your overall costs, so it’s crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies in Flowing Wells, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, 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 | $3.19 | $13,410 | $25,445 | 8.6 years |
| 8 kW | $3.13 | $17,536 | $34,271 | 8.5 years |
| 10 kW | $3.07 | $21,490 | $43,268 | 8.3 years |
| 12 kW | $3.01 | $25,272 | $52,438 | 8.1 years |
| 14 kW | $2.95 | $28,883 | $61,779 | 8.0 years |
| 16 kW | $2.89 | $32,321 | $71,292 | 7.8 years |
| 18 kW | $2.82 | $35,587 | $80,977 | 7.6 years |
| 20 kW | $2.76 | $38,682 | $90,834 | 7.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Flowing Wells, 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:
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: If you’re worried about the durability of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- 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 service, such as part repairs and replacements.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 Flowing Wells, AZ Solar Cost FAQs
How much does it cost to install solar panels in Flowing Wells?
The average cost of solar panels in Flowing Wells 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Flowing Wells?
You can’t get solar panels for free in Flowing Wells. 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 prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Flowing Wells?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.