Solar Panel Cost Guide in Litchfield Park, AZ (2023 Update)
- Litchfield Park Solar Installation Cost: $9,344
- 25-Year Savings: $24,874
- Payback Period: 6.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Litchfield Park
We break down average solar pricing in Litchfield Park.
The average cost of a solar system in Litchfield Park is 2.61 per watt. Using this figure, a typical 5.1-kW system would cost about $9,336 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more. Despite the high upfront cost, the average Litchfield Park homeowner can save about $25,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free quote from a highly rated solar installer in Litchfield Park, you can click the button below.
Solar savings over time in Litchfield Park
| Year | Return on Investment |
|---|---|
| 1 years | $-7,679 |
| 3 years | $-4,348 |
| 5 years | $-1,017 |
| 7 years | $2,314 |
| 9 years | $5,646 |
| 11 years | $8,977 |
| 13 years | $12,308 |
| 15 years | $15,639 |
| 17 years | $18,970 |
| 19 years | $22,301 |
| 21 years | $25,632 |
| 23 years | $28,963 |
| 25 years | $32,294 |
Top Solar Installers in Litchfield Park
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be a lot of work. Also, companies with a high reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Litchfield Park
Factors that Affect Solar Panel Costs in Litchfield Park
For many Litchfield Park homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Litchfield Park, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Litchfield Park, one of the most important 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 usage, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,610 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Litchfield Park, where sunlight is abundant, efficiency can quickly pay off. Plus, 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
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Litchfield Park, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Litchfield Park, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $2.71 | $11,400 | $28,741 | 7.1 years |
| 8 kW | $2.66 | $14,908 | $38,614 | 7.0 years |
| 10 kW | $2.61 | $18,270 | $48,633 | 6.8 years |
| 12 kW | $2.56 | $21,486 | $58,798 | 6.7 years |
| 14 kW | $2.51 | $24,555 | $69,109 | 6.6 years |
| 16 kW | $2.45 | $27,478 | $79,566 | 6.4 years |
| 18 kW | $2.40 | $30,255 | $90,169 | 6.3 years |
| 20 kW | $2.35 | $32,886 | $100,919 | 6.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: The brand of solar panel you need to get plays a role in which installer you should go with, since different companies have different panels.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Litchfield Park, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Litchfield Park?
The average cost of solar panels in Litchfield Park 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 model 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 Litchfield Park?
Leasing solar panels can be an attractive choice, because it usually 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 option if you want to maximize your savings.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,338.05 per year.
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 decide to replace them once you've had 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.