Solar Panel Cost Guide in Three Points, AZ (2023 Update)
- Three Points Solar Installation Cost: $9,336
- 25-Year Savings: $26,376
- Payback Period: 6.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Three Points
Let's have a look at the average cost of solar panels in Three Points.
In Three Points, solar panels cost about 2.61 per watt on average. Since a 5.1-kW system is needed to cover the energy costs of a typical home in Three Points, the average price of going solar will be about $9,336 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar system you choose, your solar contractor and more. With average savings of about $27,000 on energy bills over 20 years, many homeowners in Three Points find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar company in Three Points for a quote for your home.
Solar savings over time in Three Points
| Year | Return on Investment |
|---|---|
| 1 years | $-7,907 |
| 3 years | $-5,051 |
| 5 years | $-2,194 |
| 7 years | $663 |
| 9 years | $3,520 |
| 11 years | $6,377 |
| 13 years | $9,234 |
| 15 years | $12,091 |
| 17 years | $14,948 |
| 19 years | $17,805 |
| 21 years | $20,662 |
| 23 years | $23,519 |
| 25 years | $26,376 |
Top Solar Installers in Three Points
When going solar, many homeowners prefer to go with a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Plus, if you're unsure what type of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
If you're searching for a solar installer in Three Points, the EcoWatch team has organized a list of our top suggestions here:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Three Points
Factors that Affect Solar Panel Costs in Three Points
While the average cost of a solar system in Three Points is $9,336, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of a solar system in Three Points, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,610 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Three Points offer solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can influence how much you pay. Three Points' solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally 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 | $2.71 | $11,400 | $30,558 | 6.8 years |
| 8 kW | $2.66 | $14,908 | $41,036 | 6.7 years |
| 10 kW | $2.61 | $18,270 | $51,660 | 6.5 years |
| 12 kW | $2.56 | $21,486 | $62,431 | 6.4 years |
| 14 kW | $2.51 | $24,555 | $73,348 | 6.3 years |
| 16 kW | $2.45 | $27,478 | $84,410 | 6.1 years |
| 18 kW | $2.40 | $30,255 | $95,620 | 6.0 years |
| 20 kW | $2.35 | $32,886 | $106,975 | 5.9 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 selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should choose, since different companies offer different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, completion timeline incentives and warranties.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Three Points, AZ Solar Cost FAQs
How much does it cost to install solar panels in Three Points?
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 consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Three Points?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Three Points?
On average, solar panels can last 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 higher level 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.