Solar Panel Cost Guide in New River, AZ (2023 Update)
- New River Solar Installation Cost: $9,336
- 25-Year Savings: $25,320
- Payback Period: 6.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in New River
Find out what the average cost of a solar system is in New River.
The national average cost of solar panels is $2.66 per watt, but in New River it's 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.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. With average savings of about $26,000 on utility bills over 20 years, many homeowners in New River find going solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in New River for a customized estimate.
Solar savings over time in New River
| Year | Return on Investment |
|---|---|
| 1 years | $-7,950 |
| 3 years | $-5,177 |
| 5 years | $-2,405 |
| 7 years | $368 |
| 9 years | $3,140 |
| 11 years | $5,913 |
| 13 years | $8,685 |
| 15 years | $11,457 |
| 17 years | $14,230 |
| 19 years | $17,002 |
| 21 years | $19,775 |
| 23 years | $22,547 |
| 25 years | $25,320 |
Top Solar Installers in New River
When making the switch to solar, many homeowners prefer to use a solar company since installing solar panels yourself can be a challenging project. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 River
Factors that Affect Solar Panel Costs in New River
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in New River: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like New River, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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
Many homeowners find the average cost of solar in New River to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest. 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 more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can affect the cost. New River's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that provides the products, warranties and services you're looking for and also fit into your budget.
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 | $29,254 | 7.0 years |
| 8 kW | $2.66 | $14,908 | $39,298 | 6.9 years |
| 10 kW | $2.61 | $18,270 | $49,488 | 6.7 years |
| 12 kW | $2.56 | $21,486 | $59,824 | 6.6 years |
| 14 kW | $2.51 | $24,555 | $70,307 | 6.5 years |
| 16 kW | $2.45 | $27,478 | $80,935 | 6.3 years |
| 18 kW | $2.40 | $30,255 | $91,710 | 6.2 years |
| 20 kW | $2.35 | $32,886 | $102,631 | 6.1 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. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The type of solar panel you'd like to install plays a role in which company you should choose, since different companies have different panels.
- Contract: When looking over your solar installer's contract, ask questions 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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's New River, AZ Solar Cost FAQs
What is the average cost of installing solar panels in New River?
This is a difficult question to answer precisely, because the cost depends on a few different 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 above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in New River?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.