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.To account for the typical energy usage of the average home in Chubbuck, most homeowners require a 7.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,646, or $25,234 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Chubbuck can save around $17,000 on their power bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
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
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make swapping over to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Chubbuck
Factors that Affect Solar Panel Costs in Chubbuck
Although the average cost of a solar system in Chubbuck is $17,646, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The brand of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Chubbuck provide solar loans, which reduce the initial cost of installing solar.While solar loans make adopting solar energy more accessible for Chubbuck homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can influence your pricing. Chubbuck’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Chubbuck 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 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 | $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
There are numerous companies available in Chubbuck, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
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
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Chubbuck, ID Solar Cost FAQs
What is the average cost of installing solar panels in Chubbuck?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,300 for a 5-kW system and $34,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Chubbuck?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Chubbuck?
Each state has some kind 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 electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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 cover 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.