Solar Panel Cost Guide in Red Rock, AZ (2023 Update)
- Red Rock Solar Installation Cost: $9,413
- 25-Year Savings: $25,909
- Payback Period: 6.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Red Rock
We break down average solar pricing in Red Rock.
The national average cost of solar panels is $2.66 per watt, but in Red Rock it's 2.61 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 $13,455 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely vary based on your energy needs and what company you want to go with. With average savings of about $26,000 on electricity bills over 20 years, many homeowners in Red Rock find going solar has a decent ROI.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Red Rock
| Year | Return on Investment |
|---|---|
| 1 years | $-7,748 |
| 3 years | $-4,417 |
| 5 years | $-1,085 |
| 7 years | $2,246 |
| 9 years | $5,577 |
| 11 years | $8,908 |
| 13 years | $12,239 |
| 15 years | $15,570 |
| 17 years | $18,901 |
| 19 years | $22,232 |
| 21 years | $25,563 |
| 23 years | $28,894 |
| 25 years | $32,225 |
Top Solar Installers in Red Rock
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make switching to solar power much easier. Another advantage of using a solar installer is that they can help you make the most of your investment by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Red Rock
Factors that Affect Solar Panel Costs in Red Rock
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Red Rock: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,610 per kilowatt in Red Rock. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Red Rock, 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
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over five to seven years on average. Although solar loans make going solar more accessible for Red Rock homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. 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 |
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.
EcoWatch's Red Rock, AZ Solar Cost FAQs
How much does it cost to install 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 real cost will depend on certain factors such as 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.