Solar Panel Cost Guide in Holbrook, AZ (2024 Update)
- Holbrook Solar Installation Cost: $11,908
- 25-Year Savings: $23,481
- Payback Period: 8.9 Years
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Average Cost of Solar Panels in Holbrook
Find out what the average cost of solar panels are in Holbrook.
Although the national average of solar panels is $2.66 per watt, solar panels in Holbrook typically cost about 3.The average Holbrook homeowner needs a 5.5-kilowatt system, which would cost about $11,908 with the federal tax credit, or $17,028 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you may vary based on your specific situation and what company you choose to go with.With typical savings of about $23,000 on utility bills over 20 years, many homeowners in Holbrook find going solar can be quite rewarding.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Holbrook
Year | Return on Investment |
---|---|
1 years | $-10,243 |
3 years | $-6,911 |
5 years | $-3,580 |
7 years | $-249 |
9 years | $3,082 |
11 years | $6,413 |
13 years | $9,744 |
15 years | $13,075 |
17 years | $16,406 |
19 years | $19,737 |
21 years | $23,068 |
23 years | $26,399 |
25 years | $29,730 |
Top Solar Installers in Holbrook
When switching to solar energy, many homeowners decide to use a solar company since handling can be a difficult project. Some solar installers, especially local ones, can help you take advantage of incentives in Holbrook, therefore optimizing your ROI.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 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
See all of the solar companies in Holbrook
Factors that Affect Solar Panel Costs in Holbrook
For many Holbrook homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Holbrook, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,070.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Holbrook, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Holbrook homeowners choose to finance their solar panel systems to make going solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you select will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $22,977 | 9.2 years |
8 kW | $3.13 | $17,536 | $30,979 | 9.0 years |
10 kW | $3.07 | $21,490 | $39,154 | 8.9 years |
12 kW | $3.01 | $25,272 | $47,501 | 8.7 years |
14 kW | $2.95 | $28,883 | $56,019 | 8.5 years |
16 kW | $2.89 | $32,321 | $64,709 | 8.3 years |
18 kW | $2.82 | $35,587 | $73,572 | 8.2 years |
20 kW | $2.76 | $38,682 | $82,606 | 8.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
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 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
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 $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 model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is it worth going solar in Holbrook?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
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 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.