Solar Panel Cost Guide in Jerome, ID (2024 Update)
- Jerome Solar Installation Cost: $17,643
- 25-Year Savings: $17,736
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Jerome
We go over average solar pricing in Jerome.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Jerome, the typical cost of solar panels is 3 per watt.To cover the typical energy needs of the average home in Jerome, most homeowners require a 7.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,643, or $25,229 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Jerome homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Jerome find going solar has a decent ROI.
To get a free estimate from a highly rated solar installation company in Jerome, you can click the button below.
Solar savings over time in Jerome
| Year | Return on Investment |
|---|---|
| 1 years | $-16,481 |
| 3 years | $-14,157 |
| 5 years | $-11,833 |
| 7 years | $-9,509 |
| 9 years | $-7,185 |
| 11 years | $-4,861 |
| 13 years | $-2,537 |
| 15 years | $-213 |
| 17 years | $2,112 |
| 19 years | $4,436 |
| 21 years | $6,760 |
| 23 years | $9,084 |
| 25 years | $11,408 |
Top Solar Installers in Jerome
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why getting a solar installer is a good option for many homeowners. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're searching for a solar company in Jerome, the EcoWatch team has organized 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 Jerome
Factors that Affect Solar Panel Costs in Jerome
For many Jerome homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Jerome, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,460. The type of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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 for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Jerome offer solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of financing options, 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Jerome, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.60 | $15,113 | $10,415 | 14.8 years |
| 8 kW | $3.53 | $19,764 | $14,274 | 14.5 years |
| 10 kW | $3.46 | $24,220 | $18,327 | 14.2 years |
| 12 kW | $3.39 | $28,483 | $22,573 | 13.9 years |
| 14 kW | $3.32 | $32,552 | $27,014 | 13.7 years |
| 16 kW | $3.25 | $36,427 | $31,648 | 13.4 years |
| 18 kW | $3.18 | $40,108 | $36,476 | 13.1 years |
| 20 kW | $3.11 | $43,596 | $41,498 | 12.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Jerome, ID Solar Cost FAQs
How much does it cost to install solar panels in Jerome?
This is a difficult question to answer exactly, because the cost depends on many 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. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Jerome?
You can’t get solar panels for free in Jerome. 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 rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Jerome, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Jerome?
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 amount 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.