Solar Panel Cost Guide in Payson, AZ (2024 Update)
- Payson Solar Installation Cost: $11,288
- 25-Year Savings: $24,625
- Payback Period: 8.2 Years
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Average Cost of Solar Panels in Payson
Find out how much it might cost to make the switch to solar in Payson.
In Payson, solar panels cost about 3 per watt on average.The average Payson homeowner needs a 5.3-kilowatt system, which would cost about $11,288 with the federal tax credit, or $16,142 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Payson homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $25,000 over 20 years on power bills.
Click the button below to get connected to a highly rated solar installer in your area for a custom estimate.
Solar savings over time in Payson
| Year | Return on Investment |
|---|---|
| 1 years | $-9,622 |
| 3 years | $-6,291 |
| 5 years | $-2,960 |
| 7 years | $371 |
| 9 years | $3,702 |
| 11 years | $7,033 |
| 13 years | $10,364 |
| 15 years | $13,695 |
| 17 years | $17,026 |
| 19 years | $20,357 |
| 21 years | $23,688 |
| 23 years | $27,019 |
| 25 years | $30,351 |
Top Solar Installers in Payson
Many homeowners decide to hire a solar installation company since trying to put up solar panels by yourself can be time-consuming. Plus, if you’re not certain what type of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Payson
Factors that Affect Solar Panel Costs in Payson
There are many factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,070. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Payson, 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
If paying for a solar system out of pocket is too expensive, solar loans are a solid choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also increases your total costs, so it’s crucial to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Payson, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Payson have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.19 | $13,410 | $25,681 | 8.6 years |
| 8 kW | $3.13 | $17,536 | $34,585 | 8.4 years |
| 10 kW | $3.07 | $21,490 | $43,661 | 8.2 years |
| 12 kW | $3.01 | $25,272 | $52,909 | 8.1 years |
| 14 kW | $2.95 | $28,883 | $62,329 | 7.9 years |
| 16 kW | $2.89 | $32,321 | $71,921 | 7.8 years |
| 18 kW | $2.82 | $35,587 | $81,685 | 7.6 years |
| 20 kW | $2.76 | $38,682 | $91,621 | 7.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Payson, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Payson?
The average cost of solar panels in Payson is about $15,350 for a 5-kW system and $30,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does Payson have a net metering program?
Most states have 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 electricity 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?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.