Solar Panel Cost Guide in Globe, AZ (2024 Update)
- Globe Solar Installation Cost: $11,288
- 25-Year Savings: $25,062
- Payback Period: 8.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Globe
We go over average solar pricing in Globe.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Globe, the typical cost of a solar system is 3 per watt.To account for the typical energy usage of the average home in Globe, most homeowners require a 5.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,288, or $16,142 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Globe based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.Even with the significant upfront cost, the average Globe homeowner can save around $25,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar company in Globe that can help you get a more accurate cost estimate for your home.
Solar savings over time in Globe
| Year | Return on Investment |
|---|---|
| 1 years | $-9,622 |
| 3 years | $-6,291 |
| 5 years | $-2,960 |
| 7 years | $371 |
| 9 years | $3,702 |
| 11 years | $7,033 |
| 13 years | $10,364 |
| 15 years | $13,695 |
| 17 years | $17,026 |
| 19 years | $20,357 |
| 21 years | $23,688 |
| 23 years | $27,019 |
| 25 years | $30,351 |
Top Solar Installers in Globe
When making the switch to solar, many homeowners decide to use a solar installer since installing a solar system yourself can be a time-consuming project. Plus, if you aren’t sure what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Globe
Factors that Affect Solar Panel Costs in Globe
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Globe: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the amount of 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 interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $26,180 | 8.5 years |
| 8 kW | $3.13 | $17,536 | $35,250 | 8.3 years |
| 10 kW | $3.07 | $21,490 | $44,493 | 8.1 years |
| 12 kW | $3.01 | $25,272 | $53,907 | 8.0 years |
| 14 kW | $2.95 | $28,883 | $63,493 | 7.8 years |
| 16 kW | $2.89 | $32,321 | $73,252 | 7.7 years |
| 18 kW | $2.82 | $35,587 | $83,182 | 7.5 years |
| 20 kW | $2.76 | $38,682 | $93,284 | 7.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Globe, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: Before you sign a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
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 Globe, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Globe?
The average cost of solar panels in Globe 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 like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Globe?
You can’t get solar panels for free in Globe. 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 want to own your solar panels, you can finance them with a solar loan.
Does Globe have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage 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 get between 20 and 35 panels to account for 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.