Solar Panel Cost Guide in Show Low, AZ (2024 Update)
- Show Low Solar Installation Cost: $11,908
- 25-Year Savings: $25,851
- Payback Period: 8.3 Years
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Average Cost of Solar Panels in Show Low
Let’s have a look at the average cost of solar in Show Low.
The national average cost of solar panels is $2.66 per watt, but in Show Low it’s 3 per watt.The average Show Low homeowner needs a 5.5-kilowatt system, which would cost about $11,908 with the federal tax credit, or $17,028 before the 0 tax credit is applied.
These figures are only estimates, and your own solar costs will most likely look different based on your specific situation and what company you choose to go with.Despite the significant upfront cost, the average Show Low homeowner can save about $25,000 on their power bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Show Low
| Year | Return on Investment |
|---|---|
| 1 years | $-10,243 |
| 3 years | $-6,911 |
| 5 years | $-3,580 |
| 7 years | $-249 |
| 9 years | $3,082 |
| 11 years | $6,413 |
| 13 years | $9,744 |
| 15 years | $13,075 |
| 17 years | $16,406 |
| 19 years | $19,737 |
| 21 years | $23,068 |
| 23 years | $26,399 |
| 25 years | $29,730 |
Top Solar Installers in Show Low
When switching to solar energy, many homeowners choose to hire a solar installation company since installing solar panels yourself can be a difficult project. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 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
See all of the solar companies in Show Low
Factors that Affect Solar Panel Costs in Show Low
There are several criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 spend around $3,070 per kilowatt in Show Low.The model of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Show Low, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Show Low, and each can charge different amounts for labor and equipment.Additionally, some companies in Show Low know more about local solar incentives and can help you take advantage of 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 | $25,543 | 8.6 years |
| 8 kW | $3.13 | $17,536 | $34,401 | 8.4 years |
| 10 kW | $3.07 | $21,490 | $43,431 | 8.3 years |
| 12 kW | $3.01 | $25,272 | $52,633 | 8.1 years |
| 14 kW | $2.95 | $28,883 | $62,007 | 7.9 years |
| 16 kW | $2.89 | $32,321 | $71,553 | 7.8 years |
| 18 kW | $2.82 | $35,587 | $81,271 | 7.6 years |
| 20 kW | $2.76 | $38,682 | $91,161 | 7.4 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
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 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
EcoWatch's Show Low, AZ Solar Cost FAQs
How much does it cost to install solar panels in Show Low?
The average cost of solar panels in Show Low is about $15,350 for a 5-kW system and $30,700 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind 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 areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $1,298.43 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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 buy 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.