Solar Panel Cost Guide in Red Rock, AZ (Oct 2022)

  • Red Rock Solar Installation Cost: $9,409
  • 25-Year Savings: $25,913
  • Payback Period: 6.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Red Rock

We break down average solar pricing in Red Rock.

The average cost of a solar system in Red Rock is $3 per watt. The average solar panel system size in Red Rock is around 5.2 kilowatts, meaning a cost of about $9,409 for a solar installation, or $6,963 after the 30% federal solar tax credit is applied.

How much you pay can be higher or lower than the average in Red Rock based on several factors, such as the kind of solar panels you choose and the solar installer you hire. But, once you've paid the initial cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $26,000 over 20 years on utility bills.

To calculate your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Red Rock

Year Return on Investment
1 years $-7,996
3 years $-5,170
5 years $-2,345
7 years $481
9 years $3,307
11 years $6,133
13 years $8,959
15 years $11,784
17 years $14,610
19 years $17,436
21 years $20,262
23 years $23,088
25 years $25,913

Top Solar Installers in Red Rock

Although you can install solar panels on your own, it requires extra effort and expertise. For that reason, most homeowners choose to go with a solar panel installer. Some solar installers, especially local ones, can help you better understand incentives in Red Rock, thereby optimizing your ROI.

There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Red Rock

Factors that Affect Solar Panel Costs in Red Rock

Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in Red Rock: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment Size

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size. Solar power systems that have better efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,610. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Red Rock average.

Solar Financing Terms

Most solar companies in Red Rock provide solar loans, which reduce your upfront costs of installing solar. While solar loans make switching to solar energy more accessible for Red Rock homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar panel installation company you pick will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Red Rock have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 $29,734 6.9 years
8 kW $2.66 $14,908 $39,937 6.8 years
10 kW $2.61 $18,270 $50,287 6.7 years
12 kW $2.56 $21,486 $60,783 6.5 years
14 kW $2.51 $24,555 $71,425 6.4 years
16 kW $2.45 $27,478 $82,213 6.3 years
18 kW $2.40 $30,255 $93,147 6.1 years
20 kW $2.35 $32,886 $104,228 6.0 years

Solar Incentives in Red Rock

Name Solar and Wind Equipment Sales Tax Exemption
More Info Click here

Name Residential Solar and Wind Energy Systems Tax Credit
Incentive Amount 25%
Website Visit here
More Info Click here

Name Qualifying Wood Stove Deduction
More Info Click here

Name Energy Equipment Property Tax Exemption
More Info Click here

Name Trico Electric Cooperative - SunWatts Incentive Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:

  • 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 likely has a good reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
  • Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
  • Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Red Rock, AZ Solar Cost FAQs

What is the average cost of installing solar panels in Red Rock?

The average cost of solar panels in Red Rock 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Red Rock?

Leasing solar panels can be an attractive choice, because it commonly 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

Do solar panels increase the value of your home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Red Rock is currently $187,041, which means you can look forward to a value of about $7,669 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Red Rock is a worthwhile investment.

How often do you have to replace solar panels?

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.

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