Solar Panel Cost Guide in Lake Havasu City, AZ (2024 Update)
- Lake Havasu City Solar Installation Cost: $11,560
- 25-Year Savings: $20,184
- Payback Period: 9.6 Years
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Average Cost of Solar Panels in Lake Havasu City
Find out what the average cost of installing solar panels is in Lake Havasu City.
Although the national average of solar panels is $2.66 per watt, solar panels in Lake Havasu City generally cost around 3.The average solar panel system size in Lake Havasu City is around 5.4 kilowatts, meaning a cost of about $11,560 for a solar installation, or $16,531 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs will vary based on factors unique to your home and what company you choose to go with.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $21,000 in savings on energy bills over 20 years.
Click the button below to get connected to a reputable solar company in your area for a customized estimate.
Solar savings over time in Lake Havasu City
| Year | Return on Investment |
|---|---|
| 1 years | $-10,097 |
| 3 years | $-7,171 |
| 5 years | $-4,246 |
| 7 years | $-1,320 |
| 9 years | $1,606 |
| 11 years | $4,532 |
| 13 years | $7,457 |
| 15 years | $10,383 |
| 17 years | $13,309 |
| 19 years | $16,234 |
| 21 years | $19,160 |
| 23 years | $22,086 |
| 25 years | $25,012 |
Top Solar Installers in Lake Havasu City
Although you can install solar panels by yourself, it takes extra time and expertise. That's why most homeowners choose to hire a solar panel installer. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar contractor too, which can save you more money over time.
There are several licensed solar professionals that can help you install your solar panels. 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 Lake Havasu City
Factors that Affect Solar Panel Costs in Lake Havasu City
The cost of installing a solar system in Lake Havasu City can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require 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.The kind of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Plus, 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 looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they decrease your upfront costs and let you pay for your system over five to seven years on average.While solar loans make adopting solar energy more accessible for Lake Havasu City homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $20,065 | 10.0 years |
| 8 kW | $3.13 | $17,536 | $27,097 | 9.8 years |
| 10 kW | $3.07 | $21,490 | $34,302 | 9.6 years |
| 12 kW | $3.01 | $25,272 | $41,678 | 9.4 years |
| 14 kW | $2.95 | $28,883 | $49,226 | 9.2 years |
| 16 kW | $2.89 | $32,321 | $56,945 | 9.1 years |
| 18 kW | $2.82 | $35,587 | $64,837 | 8.9 years |
| 20 kW | $2.76 | $38,682 | $72,901 | 8.7 years |
How to Save on Solar Panels
The solar company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. 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 be sure to peruse their list of options before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 Lake Havasu City, AZ Solar Cost FAQs
How much does it cost to install solar panels in Lake Havasu City?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Lake Havasu City?
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 electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.