Solar Panel Cost Guide in Chubbuck, ID (2024 Update)
- Chubbuck Solar Installation Cost: $17,646
- 25-Year Savings: $18,505
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Chubbuck
Find out what the average cost of a solar system is in Chubbuck.
While the national average of solar panels is $2.66 per watt, solar panels in Chubbuck generally cost around 3.Using this figure, a typical 7.3-kW system would cost about $17,646 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Chubbuck homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a sound investment. The average homeowner in Chubbuck can save around $17,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Chubbuck for a quote for your home.
Solar savings over time in Chubbuck
| Year | Return on Investment |
|---|---|
| 1 years | $-16,484 |
| 3 years | $-14,160 |
| 5 years | $-11,836 |
| 7 years | $-9,512 |
| 9 years | $-7,188 |
| 11 years | $-4,864 |
| 13 years | $-2,540 |
| 15 years | $-216 |
| 17 years | $2,108 |
| 19 years | $4,432 |
| 21 years | $6,756 |
| 23 years | $9,080 |
| 25 years | $11,404 |
Top Solar Installers in Chubbuck
Many homeowners decide to hire a solar installer since figuring out how to install solar panels on your own can be time-consuming. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
If you're looking for a solar company in Chubbuck, the EcoWatch team has compiled a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
See all of the solar companies in Chubbuck
Factors that Affect Solar Panel Costs in Chubbuck
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Chubbuck: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Chubbuck, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,460 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much 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 challenging. Solar loans are offered by most installers in Chubbuck, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating in Chubbuck, and each can charge different amounts for labor and equipment.Additionally, some companies in Chubbuck have more knowledge about local solar incentives and can help you make good use of 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 | $3.60 | $15,113 | $11,045 | 14.4 years |
| 8 kW | $3.53 | $19,764 | $15,115 | 14.2 years |
| 10 kW | $3.46 | $24,220 | $19,378 | 13.9 years |
| 12 kW | $3.39 | $28,483 | $23,834 | 13.6 years |
| 14 kW | $3.32 | $32,552 | $28,485 | 13.3 years |
| 16 kW | $3.25 | $36,427 | $33,329 | 13.1 years |
| 18 kW | $3.18 | $40,108 | $38,367 | 12.8 years |
| 20 kW | $3.11 | $43,596 | $43,599 | 12.5 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should choose, since different companies provide different panels.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two 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 satisfied reviews from previous customers.
- Contract: Before signing a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
EcoWatch's Chubbuck, ID Solar Cost FAQs
What is the average cost of installing solar panels in Chubbuck?
The average cost of solar panels in Chubbuck is about $17,300 for a 5-kW system and $34,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Chubbuck?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Chubbuck have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption 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.