Solar Panel Cost Guide in New Kingman Butler, AZ (Mar 2023)
- New Kingman Butler Solar Installation Cost: $9,829
- 25-Year Savings: $18,026
- Payback Period: 8.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in New Kingman Butler
Let's take a look at the average cost of solar panels in New Kingman Butler.
Although the national average of solar panels is $2.66 per watt, solar panels in New Kingman Butler generally cost about 2.61. Using this figure, a typical 5.4-kW system would cost about $9,829 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average New Kingman Butler homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in New Kingman Butler see about $20,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in New Kingman Butler
| Year | Return on Investment |
|---|---|
| 1 years | $-8,715 |
| 3 years | $-6,487 |
| 5 years | $-4,258 |
| 7 years | $-2,030 |
| 9 years | $199 |
| 11 years | $2,427 |
| 13 years | $4,656 |
| 15 years | $6,884 |
| 17 years | $9,113 |
| 19 years | $11,341 |
| 21 years | $13,570 |
| 23 years | $15,798 |
| 25 years | $18,026 |
Top Solar Installers in New Kingman Butler
When making the switch to solar, many homeowners choose to go with a solar installation company since DIY solar panel installation can be a time-consuming project. Plus, if you're not certain what type of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
If you'd like to start using solar energy but still aren't certain which solar installer to go with, here are our suggestions for providers nearby:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in New Kingman Butler
Factors that Affect Solar Panel Costs in New Kingman Butler
Although the average cost of a solar system in New Kingman Butler is $9,829, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,610. There are many different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many New Kingman Butler homeowners decide to finance their solar panel systems to offset upfront costs. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in New Kingman Butler know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $19,670 | 9.2 years |
| 8 kW | $2.66 | $14,908 | $26,519 | 9.0 years |
| 10 kW | $2.61 | $18,270 | $33,514 | 8.8 years |
| 12 kW | $2.56 | $21,486 | $40,655 | 8.6 years |
| 14 kW | $2.51 | $24,555 | $47,943 | 8.5 years |
| 16 kW | $2.45 | $27,478 | $55,376 | 8.3 years |
| 18 kW | $2.40 | $30,255 | $62,956 | 8.1 years |
| 20 kW | $2.35 | $32,886 | $70,682 | 7.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company 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:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's New Kingman Butler, AZ Solar Cost FAQs
What is the average cost of installing solar panels in New Kingman Butler?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in New Kingman Butler?
Leasing solar panels can be an attractive choice, because it often 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.
Is it worth going solar in New Kingman Butler?
Solar panels can be a fruitful investment for a majority of 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 pretty low, solar panels might not be for you.
How long do solar panels last in New Kingman Butler?
Although 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 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.