Solar Panel Cost Guide in Lake Havasu City, AZ (Nov 2022)

  • Lake Havasu City Solar Installation Cost: $9,829
  • 25-Year Savings: $20,182
  • Payback Period: 8.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Lake Havasu City

Let's have a look at the average cost of solar in Lake Havasu City.

The average cost of solar panels in Lake Havasu City is $3 per watt. The average solar panel system size in Lake Havasu City is around 5.4 kilowatts, meaning a cost of about $9,829 for a solar installation, or $7,273 after the 30% federal solar tax credit is applied.

The true price you pay can go higher or lower than the average in Lake Havasu City based on a few factors, such as the type of solar panels you choose and the solar installer you hire. But, after you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $21,000 over 20 years on utility bills.

To get a free quote from a top solar installer in Lake Havasu City, you can click the button below.

Solar savings over time in Lake Havasu City

Year Return on Investment
1 years $-8,629
3 years $-6,228
5 years $-3,827
7 years $-1,426
9 years $975
11 years $3,376
13 years $5,777
15 years $8,178
17 years $10,579
19 years $12,980
21 years $15,381
23 years $17,782
25 years $20,182

Top Solar Installers in Lake Havasu City

Trying to install solar panels on your own can be a stressful undertaking, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for your family.

Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Lake Havasu City

Factors that Affect Solar Panel Costs in Lake Havasu City

There are several factors that can affect your 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

Size is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond 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

For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Lake Havasu City, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. Even though solar loans make adopting solar energy more accessible for Lake Havasu City homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar panel installer you choose will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due 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 down to compete with bigger names.

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 $22,074 8.5 years
8 kW $2.66 $14,908 $29,725 8.4 years
10 kW $2.61 $18,270 $37,522 8.2 years
12 kW $2.56 $21,486 $45,464 8.0 years
14 kW $2.51 $24,555 $53,553 7.9 years
16 kW $2.45 $27,478 $61,788 7.7 years
18 kW $2.40 $30,255 $70,170 7.5 years
20 kW $2.35 $32,886 $78,697 7.4 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:

  • Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
  • Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
  • Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Lake Havasu City, AZ Solar Cost FAQs

What is the average cost of installing solar panels in Lake Havasu City?

This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,050 for a 5-kW system and $26,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Lake Havasu City?

Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback 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 option if you want to get the most savings.

Is it worth going solar in Lake Havasu City?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.

How long do solar panels last in Lake Havasu City?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.

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