Solar Panel Cost Guide in Payson, AZ (2023 Update)
- Payson Solar Installation Cost: $9,592
- 25-Year Savings: $24,630
- Payback Period: 7.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Payson
Find out what the average cost of solar panels are in Payson.
The average cost of a solar system in Payson is 2.61 per watt. To account for the typical energy needs of the average home in Payson, most homeowners require a 5.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,592, or $13,717 before the federal solar tax credit of 30% is applied.
The true cost of your system can be higher or lower than the average in Payson based on a few factors, such as the model of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Payson see about $25,000 in savings on electricity bills over 20 years.
To get a free quote from a vetted solar company in Payson, you can click the button below.
Solar savings over time in Payson
| Year | Return on Investment |
|---|---|
| 1 years | $-8,223 |
| 3 years | $-5,485 |
| 5 years | $-2,747 |
| 7 years | $-10 |
| 9 years | $2,728 |
| 11 years | $5,466 |
| 13 years | $8,204 |
| 15 years | $10,941 |
| 17 years | $13,679 |
| 19 years | $16,417 |
| 21 years | $19,155 |
| 23 years | $21,892 |
| 25 years | $24,630 |
Top Solar Installers in Payson
Although it's possible to install solar panels by yourself, it takes extra energy and handiness. That's why almost all homeowners choose a solar panel installer. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Payson
Factors that Affect Solar Panel Costs in Payson
For many Payson homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Payson, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Payson average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Payson, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Payson, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $2.71 | $11,400 | $27,690 | 7.3 years |
| 8 kW | $2.66 | $14,908 | $37,213 | 7.2 years |
| 10 kW | $2.61 | $18,270 | $46,881 | 7.0 years |
| 12 kW | $2.56 | $21,486 | $56,696 | 6.9 years |
| 14 kW | $2.51 | $24,555 | $66,657 | 6.7 years |
| 16 kW | $2.45 | $27,478 | $76,764 | 6.6 years |
| 18 kW | $2.40 | $30,255 | $87,017 | 6.4 years |
| 20 kW | $2.35 | $32,886 | $97,417 | 6.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Payson, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you need plays a part in which company you should choose, since different companies have different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable 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 look into your installer's reputation is by reading reviews.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Payson, AZ Solar Cost FAQs
How much does it cost to install solar panels in Payson?
The average cost of solar panels in Payson is about $13,050 for a 5-kW system and $26,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors 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 Payson?
Leasing solar panels can be an attractive choice, because it usually 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 option if you want to get the most savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.