Solar Panel Cost Guide in Somerton, AZ (2023 Update)
- Somerton Solar Installation Cost: $9,338
- 25-Year Savings: $24,782
- Payback Period: 6.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Somerton
Let's take a look at the average cost of solar panels in Somerton.
The average cost of solar panels in Somerton is 2.61 per watt. Using this figure, a typical 5.1-kW system would cost about $9,336 before the 30% federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Somerton depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Somerton can save about $25,000 on their power bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Somerton
| Year | Return on Investment |
|---|---|
| 1 years | $-7,672 |
| 3 years | $-4,341 |
| 5 years | $-1,010 |
| 7 years | $2,321 |
| 9 years | $5,652 |
| 11 years | $8,983 |
| 13 years | $12,314 |
| 15 years | $15,645 |
| 17 years | $18,977 |
| 19 years | $22,308 |
| 21 years | $25,639 |
| 23 years | $28,970 |
| 25 years | $32,301 |
Top Solar Installers in Somerton
Many homeowners opt for a solar panel installer since trying to put up solar panels on your own can be a labor-intensive endeavor. Companies can also have access to quality options of the best solar panels and help you pick which one will be best for you.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Somerton
Factors that Affect Solar Panel Costs in Somerton
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Somerton: 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 important factors to consider when it comes to the cost of going solar 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 $2,610 per kilowatt in Somerton. There are several different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Somerton, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Somerton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $2.71 | $11,400 | $28,654 | 7.1 years |
| 8 kW | $2.66 | $14,908 | $38,498 | 7.0 years |
| 10 kW | $2.61 | $18,270 | $48,488 | 6.8 years |
| 12 kW | $2.56 | $21,486 | $58,624 | 6.7 years |
| 14 kW | $2.51 | $24,555 | $68,906 | 6.6 years |
| 16 kW | $2.45 | $27,478 | $79,334 | 6.4 years |
| 18 kW | $2.40 | $30,255 | $89,908 | 6.3 years |
| 20 kW | $2.35 | $32,886 | $100,629 | 6.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
EcoWatch's Somerton, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Somerton?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $13,050 for a 5-kW system and $26,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Somerton?
You can't get solar panels for free in Somerton. However, you may still be able to install 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.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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 install 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.