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
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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.The average Globe homeowner needs a 5.3-kilowatt system, which would cost about $11,288 with the federal tax credit, or $16,142 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely differ based on the amount of energy your home requires and what company you choose to go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Globe can save about $25,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Globe for a quote 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
Although it's possible to install solar panels by yourself, it requires extra labor and handiness. Because of that, most people choose a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Globe
Factors that Affect Solar Panel Costs in Globe
There are several factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Globe, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,070 for each additional kilowatt you need.The kind of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about 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 falls within your budget.
Solar Financing Terms
Most solar companies in Globe have solar loans, which reduce your upfront costs of installing solar panels.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can impact how much it costs. Globe’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Globe are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $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
Since the brand of solar panels and the company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you’re worried about the longevity of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: When making the switch to solar energy, it’s essential to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the project completion timeline.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Globe?
A solar panel system isn’t free in Globe, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Globe?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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.