Solar Panel Cost Guide in Holbrook, AZ (Feb 2023)
- Holbrook Solar Installation Cost: $10,122
- 25-Year Savings: $23,483
- Payback Period: 7.5 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Holbrook
See how much it might cost to switch to solar power in Holbrook.
The average cost of a solar system in Holbrook is $3 per watt. Using this figure, a typical 5.5 would cost about $10,122 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Holbrook homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $23,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar installer in Holbrook that can help you get a more accurate cost estimate for your home.
Solar savings over time in Holbrook
| Year | Return on Investment |
|---|---|
| 1 years | $-8,777 |
| 3 years | $-6,089 |
| 5 years | $-3,401 |
| 7 years | $-712 |
| 9 years | $1,976 |
| 11 years | $4,664 |
| 13 years | $7,353 |
| 15 years | $10,041 |
| 17 years | $12,729 |
| 19 years | $15,418 |
| 21 years | $18,106 |
| 23 years | $20,795 |
| 25 years | $23,483 |
Top Solar Installers in Holbrook
Many homeowners opt for a solar installer since trying to install solar panels on your own can be hard. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with 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 near you:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 Holbrook
Factors that Affect Solar Panel Costs in Holbrook
There are many criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of solar panels in Holbrook, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by around $2,610 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Holbrook, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Holbrook, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also is within your budget.
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 | $24,986 | 7.8 years |
| 8 kW | $2.66 | $14,908 | $33,607 | 7.7 years |
| 10 kW | $2.61 | $18,270 | $42,374 | 7.5 years |
| 12 kW | $2.56 | $21,486 | $51,287 | 7.4 years |
| 14 kW | $2.51 | $24,555 | $60,347 | 7.2 years |
| 16 kW | $2.45 | $27,478 | $69,552 | 7.1 years |
| 18 kW | $2.40 | $30,255 | $78,904 | 6.9 years |
| 20 kW | $2.35 | $32,886 | $88,402 | 6.8 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Holbrook, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Holbrook?
The average cost of solar panels in Holbrook is about $13,050 for a 5-kW system and $26,100 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Holbrook?
A solar panel system isn't free in Holbrook, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Holbrook have a net metering program?
The majority of 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 utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Holbrook?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.