Solar Panel Cost Guide in Tanque Verde, AZ (2024 Update)
- Tanque Verde Solar Installation Cost: $10,974
- 25-Year Savings: $25,751
- Payback Period: 7.8 Years
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Average Cost of Solar Panels in Tanque Verde
Here’s how much it might cost to make the switch to solar in Tanque Verde.
In Tanque Verde, solar panels cost about 3 per watt on average.To account for the typical energy needs of the average home in Tanque Verde, most homeowners require a 5.1-kilowatt system. Using the figure above, a solar installation costs around $10,974, or $15,693 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more.With average savings of about $26,000 on energy bills over 20 years, many homeowners in Tanque Verde find going solar can be quite rewarding.
Click the button below to get connected to a top solar installer in Tanque Verde for a personalized quote.
Solar savings over time in Tanque Verde
| Year | Return on Investment |
|---|---|
| 1 years | $-9,364 |
| 3 years | $-6,142 |
| 5 years | $-2,921 |
| 7 years | $301 |
| 9 years | $3,522 |
| 11 years | $6,744 |
| 13 years | $9,966 |
| 15 years | $13,187 |
| 17 years | $16,409 |
| 19 years | $19,630 |
| 21 years | $22,852 |
| 23 years | $26,073 |
| 25 years | $29,295 |
Top Solar Installers in Tanque Verde
Although it's possible to install solar panels by yourself, it takes extra effort and expertise. That's why most homeowners choose to go with a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
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 nearby:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Tanque Verde
Factors that Affect Solar Panel Costs in Tanque Verde
The cost of installing a solar system in Tanque Verde can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Tanque Verde average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Tanque Verde, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better 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 promotion can bring their pricing lower 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 | $3.19 | $13,410 | $27,807 | 8.1 years |
| 8 kW | $3.13 | $17,536 | $37,419 | 8.0 years |
| 10 kW | $3.07 | $21,490 | $47,204 | 7.8 years |
| 12 kW | $3.01 | $25,272 | $57,160 | 7.7 years |
| 14 kW | $2.95 | $28,883 | $67,289 | 7.5 years |
| 16 kW | $2.89 | $32,321 | $77,589 | 7.4 years |
| 18 kW | $2.82 | $35,587 | $88,061 | 7.2 years |
| 20 kW | $2.76 | $38,682 | $98,706 | 7.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Tanque Verde, AZ Solar Cost FAQs
How much does it cost to install solar panels in Tanque Verde?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Tanque Verde?
You can’t get solar panels for free in Tanque Verde. 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’d prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Tanque Verde?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 get 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.