Solar Panel Cost Guide in New Kingman-Butler, AZ (2024 Update)
- New Kingman-Butler Solar Installation Cost: $11,560
- 25-Year Savings: $18,028
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in New Kingman-Butler
We go over average solar pricing in New Kingman-Butler.
The national average cost of solar panels is $2.66 per watt, but in New Kingman-Butler it’s 3 per watt.The average solar panel system size in New Kingman-Butler 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.
Bear in mind that the figures above are only estimates based on the average energy use of New Kingman-Butler homeowners. 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 cost of solar power is worth paying. On average New Kingman-Butler homeowners see about $20,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in New Kingman-Butler
| Year | Return on Investment |
|---|---|
| 1 years | $-10,300 |
| 3 years | $-7,779 |
| 5 years | $-5,259 |
| 7 years | $-2,739 |
| 9 years | $-218 |
| 11 years | $2,302 |
| 13 years | $4,822 |
| 15 years | $7,343 |
| 17 years | $9,863 |
| 19 years | $12,383 |
| 21 years | $14,904 |
| 23 years | $17,424 |
| 25 years | $19,945 |
Top Solar Installers in New Kingman-Butler
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make switching to solar power much easier. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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
See all of the solar companies in New Kingman-Butler
Factors that Affect Solar Panel Costs in New Kingman-Butler
The cost of installing a solar system in New Kingman-Butler can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, 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 most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have 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 $3,070.The type of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many New Kingman-Butler homeowners opt to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in New Kingman-Butler, and each can charge varying amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $17,661 | 10.8 years |
| 8 kW | $3.13 | $17,536 | $23,891 | 10.6 years |
| 10 kW | $3.07 | $21,490 | $30,294 | 10.4 years |
| 12 kW | $3.01 | $25,272 | $36,868 | 10.2 years |
| 14 kW | $2.95 | $28,883 | $43,615 | 10.0 years |
| 16 kW | $2.89 | $32,321 | $50,533 | 9.8 years |
| 18 kW | $2.82 | $35,587 | $57,624 | 9.5 years |
| 20 kW | $2.76 | $38,682 | $64,886 | 9.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While 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 make sure you ask for their list of options before making your decision.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project completion timeline.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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
EcoWatch's New Kingman-Butler, AZ Solar Cost FAQs
How much does it cost to install solar panels in New Kingman-Butler?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want 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 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 way to go if you want to get the most savings.
Is it worth going solar in New Kingman-Butler?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How long do solar panels last in New Kingman-Butler?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.