Solar Panel Cost Guide in New Kingman-Butler, AZ (2023 Update)
- New Kingman-Butler Solar Installation Cost: $9,828
- 25-Year Savings: $18,028
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in New Kingman-Butler
See how much it might cost to go solar in New Kingman-Butler.
Although the national average of solar panels is $2.66 per watt, solar panels in New Kingman-Butler typically cost about 2.61. The average solar panel system size in New Kingman-Butler is around 5.4 kilowatts, meaning a cost of about $9,829 for a solar installation, or $14,055 before the 30% federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in New Kingman-Butler based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. 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 utility bills over 20 years.
You can click the button below to get connected with a top solar installer in New Kingman-Butler that can help you get a more accurate cost estimate for your home.
Solar savings over time in New Kingman-Butler
| Year | Return on Investment |
|---|---|
| 1 years | $-9,735 |
| 3 years | $-9,549 |
| 5 years | $-9,364 |
| 7 years | $-9,178 |
| 9 years | $-8,992 |
| 11 years | $-8,806 |
| 13 years | $-8,621 |
| 15 years | $-8,435 |
| 17 years | $-8,249 |
| 19 years | $-8,064 |
| 21 years | $-7,878 |
| 23 years | $-7,692 |
| 25 years | $-7,507 |
Top Solar Installers in New Kingman-Butler
When making the switch to solar, many homeowners choose to use a solar installation company since installing a solar system yourself can be a challenging project. Plus, if you're unsure what kind of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in New Kingman-Butler
Factors that Affect Solar Panel Costs in New Kingman-Butler
Even though the average cost of a solar system in New Kingman-Butler is $9,829, your final cost may differ. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of a solar system in New Kingman-Butler, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,610 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like New Kingman-Butler, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. Though solar loans make adopting solar energy more accessible for New Kingman-Butler homeowners, they can also increase the total you pay for your system due to interest. 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
Lastly, the company you get to install your solar panel system can impact how much you pay. New Kingman-Butler's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in New Kingman-Butler know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- 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 good reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Contract: When looking through 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 such as a system part breaking or the company going out of business.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a quality company.
EcoWatch's New Kingman-Butler, AZ Solar Cost FAQs
How much does it cost to install solar panels in New Kingman-Butler?
The average cost of solar panels in New Kingman-Butler is about $13,050 for a 5-kW system and $26,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in New Kingman-Butler?
Leasing solar panels can be an appealing 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 way to go if you want to maximize your savings.
Can you sell solar power back to the grid in New Kingman-Butler?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.