Solar Panel Cost Guide in Show Low, AZ (2023 Update)
- Show Low Solar Installation Cost: $10,124
- 25-Year Savings: $25,851
- Payback Period: 7.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Show Low
Find out what the average cost of solar panel installation is in Show Low.
The national average cost of solar panels is $2.66 per watt, but in Show Low it's 2.61 per watt. The average Show Low homeowner needs a 5.5-kilowatt system, which would cost about $10,122 with the federal tax credit, or $14,474 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar system you want, your solar contractor and more. Even with the high initial cost, the average Show Low homeowner can save about $25,000 on their energy bills over 20 years, which is one of the perks of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Show Low
| Year | Return on Investment |
|---|---|
| 1 years | $-10,004 |
| 3 years | $-9,764 |
| 5 years | $-9,524 |
| 7 years | $-9,284 |
| 9 years | $-9,045 |
| 11 years | $-8,805 |
| 13 years | $-8,565 |
| 15 years | $-8,325 |
| 17 years | $-8,085 |
| 19 years | $-7,845 |
| 21 years | $-7,605 |
| 23 years | $-7,366 |
| 25 years | $-7,126 |
Top Solar Installers in Show Low
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be challenging. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
See all of the solar companies in Show Low
Factors that Affect Solar Panel Costs in Show Low
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Show Low homeowners choose to finance their solar panel systems to offset upfront costs. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can influence the cost. Show Low's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $27,552 | 7.3 years |
| 8 kW | $2.66 | $14,908 | $37,029 | 7.2 years |
| 10 kW | $2.61 | $18,270 | $46,651 | 7.0 years |
| 12 kW | $2.56 | $21,486 | $56,420 | 6.9 years |
| 14 kW | $2.51 | $24,555 | $66,335 | 6.8 years |
| 16 kW | $2.45 | $27,478 | $76,396 | 6.6 years |
| 18 kW | $2.40 | $30,255 | $86,603 | 6.5 years |
| 20 kW | $2.35 | $32,886 | $96,957 | 6.3 years |
How to Save on Solar Panels
There are a lot of companies available in Show Low, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers 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 choose.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Companies that have been operating for many years likely have a high 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.
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 $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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Show Low is currently $172,130, so you could be looking at a value of about $7,057 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Show Low is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out how many solar panels 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 home 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.