Solar Panel Cost Guide in Kingman, AZ (2023 Update)
- Kingman Solar Installation Cost: $9,828
- 25-Year Savings: $19,651
- Payback Period: 8.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Kingman
See how much it might cost to install solar panels in Kingman.
The average cost of solar panels in Kingman is 2.61 per watt. To account for the typical energy needs of the average home in Kingman, most homeowners require a 5.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,829, or $14,055 before the federal solar tax credit of 30% is applied.
These figures are just averages, and your own solar costs will most likely vary based on your specific situation and what company you choose to go with. With average savings of about $21,000 on power bills over 20 years, many homeowners in Kingman find going solar can be quite rewarding.
To receive a free estimate from a highly rated solar company in Kingman, you can click the button below.
Solar savings over time in Kingman
| Year | Return on Investment |
|---|---|
| 1 years | $-9,730 |
| 3 years | $-9,533 |
| 5 years | $-9,337 |
| 7 years | $-9,140 |
| 9 years | $-8,943 |
| 11 years | $-8,747 |
| 13 years | $-8,550 |
| 15 years | $-8,354 |
| 17 years | $-8,157 |
| 19 years | $-7,961 |
| 21 years | $-7,764 |
| 23 years | $-7,568 |
| 25 years | $-7,371 |
Top Solar Installers in Kingman
Although you can install solar panels on your own, it involves extra time and expertise. That's one of the reasons most homeowners choose a solar panel installer. The expertise that solar companies provide can be useful as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Kingman
Factors that Affect Solar Panel Costs in Kingman
There are a number of factors that can affect your total 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
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with 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 $2,610. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Kingman average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to 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 securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can influence how much it costs. Kingman's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Kingman know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $2.71 | $11,400 | $21,480 | 8.7 years |
| 8 kW | $2.66 | $14,908 | $28,932 | 8.5 years |
| 10 kW | $2.61 | $18,270 | $36,530 | 8.3 years |
| 12 kW | $2.56 | $21,486 | $44,275 | 8.2 years |
| 14 kW | $2.51 | $24,555 | $52,165 | 8.0 years |
| 16 kW | $2.45 | $27,478 | $60,202 | 7.8 years |
| 18 kW | $2.40 | $30,255 | $68,385 | 7.7 years |
| 20 kW | $2.35 | $32,886 | $76,715 | 7.5 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending 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 access to the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Contract: Read the contract terms carefully to make sure you understand the total cost, completion timeline rebates and warranties.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
EcoWatch's Kingman, AZ Solar Cost FAQs
How much does it cost to install solar panels in Kingman?
The average cost of solar panels in Kingman 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 type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Kingman?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels completely eradicate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Kingman, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 install 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.