Solar Panel Cost Guide in Verde Village, AZ (Mar 2023)
- Verde Village Solar Installation Cost: $9,665
- 25-Year Savings: $26,304
- Payback Period: 6.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Verde Village
We break down average solar pricing in Verde Village.
The national average cost of solar panels is $2.66 per watt, but in Verde Village it's 2.61 per watt. Using this figure, a typical 5.3-kW system would cost about $9,665 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will most likely differ based on the amount of energy your home requires and what company you go with. Despite the high initial cost, the average Verde Village homeowner can save around $26,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Verde Village
| Year | Return on Investment |
|---|---|
| 1 years | $-8,226 |
| 3 years | $-5,349 |
| 5 years | $-2,471 |
| 7 years | $406 |
| 9 years | $3,284 |
| 11 years | $6,161 |
| 13 years | $9,039 |
| 15 years | $11,916 |
| 17 years | $14,794 |
| 19 years | $17,671 |
| 21 years | $20,549 |
| 23 years | $23,426 |
| 25 years | $26,304 |
Top Solar Installers in Verde Village
Many homeowners choose to hire a solar panel installer since trying to install solar panels by yourself can be hard. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Verde Village
Factors that Affect Solar Panel Costs in Verde Village
There are many criteria that can affect your total 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 determines the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Verde Village, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies in Verde Village, and each can charge different amounts for labor and equipment. Additionally, some companies in Verde Village have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $29,403 | 7.0 years |
| 8 kW | $2.66 | $14,908 | $39,496 | 6.9 years |
| 10 kW | $2.61 | $18,270 | $49,735 | 6.7 years |
| 12 kW | $2.56 | $21,486 | $60,120 | 6.6 years |
| 14 kW | $2.51 | $24,555 | $70,652 | 6.4 years |
| 16 kW | $2.45 | $27,478 | $81,330 | 6.3 years |
| 18 kW | $2.40 | $30,255 | $92,154 | 6.2 years |
| 20 kW | $2.35 | $32,886 | $103,124 | 6.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
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 Verde Village, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Verde Village?
The average cost of solar panels in Verde Village is about $13,050 for a 5-kW system and $26,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Verde Village?
You can't get solar panels for free in Verde Village. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,360.10 per year.
How many solar panels should I get 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 usually 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.