Solar Panel Cost Guide in Prescott Valley, AZ (2024 Update)
- Prescott Valley Solar Installation Cost: $11,366
- 25-Year Savings: $26,306
- Payback Period: 7.9 Years
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Average Cost of Solar Panels in Prescott Valley
Find out what the average cost of installing solar panels is in Prescott Valley.
The national average cost of solar panels is $2.66 per watt, but in Prescott Valley it’s 3 per watt.The average solar panel system size in Prescott Valley is around 5.3 kilowatts, meaning a cost of about $11,366 for a solar installation, or $16,253 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in Prescott Valley based on several factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a rewarding investment. The average homeowner in Prescott Valley can save about $26,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Prescott Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-9,701 |
| 3 years | $-6,370 |
| 5 years | $-3,039 |
| 7 years | $292 |
| 9 years | $3,624 |
| 11 years | $6,955 |
| 13 years | $10,286 |
| 15 years | $13,617 |
| 17 years | $16,948 |
| 19 years | $20,279 |
| 21 years | $23,610 |
| 23 years | $26,941 |
| 25 years | $30,272 |
Top Solar Installers in Prescott Valley
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with an installer can make your switch to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Prescott Valley
Factors that Affect Solar Panel Costs in Prescott Valley
For many Prescott Valley homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Prescott Valley, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Prescott Valley, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by around $3,070 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Prescott Valley, where sunlight is abundant, efficiency can quickly pay off. Plus, 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Prescott Valley, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Prescott Valley, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $27,393 | 8.2 years |
| 8 kW | $3.13 | $17,536 | $36,868 | 8.1 years |
| 10 kW | $3.07 | $21,490 | $46,515 | 7.9 years |
| 12 kW | $3.01 | $25,272 | $56,334 | 7.7 years |
| 14 kW | $2.95 | $28,883 | $66,324 | 7.6 years |
| 16 kW | $2.89 | $32,321 | $76,487 | 7.4 years |
| 18 kW | $2.82 | $35,587 | $86,822 | 7.3 years |
| 20 kW | $2.76 | $38,682 | $97,328 | 7.1 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose significantly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: If you’re worried about the longevity of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Prescott Valley, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Prescott Valley?
This is a difficult question to answer exactly, because the cost depends on a few different 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Prescott Valley?
You can’t get solar panels for free in Prescott Valley. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,360.10 per year.
How long do solar panels last in Prescott Valley?
On average, the lifespan of solar panels is 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 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.