Solar Panel Cost Guide in Kimberly, ID (2024 Update)
- Kimberly Solar Installation Cost: $17,686
- 25-Year Savings: $17,703
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Kimberly
We go over average solar pricing in Kimberly.
In Kimberly, solar panels cost about 3 per watt on average.Using this figure, a typical 7.3-kW system would cost about $17,686 before the 0 federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely look different based on your specific situation and what company you go with.With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Kimberly find investing in solar can be quite rewarding.
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 Kimberly
| Year | Return on Investment |
|---|---|
| 1 years | $-16,524 |
| 3 years | $-14,200 |
| 5 years | $-11,876 |
| 7 years | $-9,552 |
| 9 years | $-7,227 |
| 11 years | $-4,903 |
| 13 years | $-2,579 |
| 15 years | $-255 |
| 17 years | $2,069 |
| 19 years | $4,393 |
| 21 years | $6,717 |
| 23 years | $9,041 |
| 25 years | $11,365 |
Top Solar Installers in Kimberly
Many homeowners opt for a solar installation company since trying to put up solar panels yourself can be challenging. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Kimberly
Factors that Affect Solar Panel Costs in Kimberly
There are several factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Kimberly, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,460 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Kimberly to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Kimberly, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $10,353 | 14.8 years |
| 8 kW | $3.53 | $19,764 | $14,192 | 14.6 years |
| 10 kW | $3.46 | $24,220 | $18,224 | 14.3 years |
| 12 kW | $3.39 | $28,483 | $22,450 | 14.0 years |
| 14 kW | $3.32 | $32,552 | $26,870 | 13.7 years |
| 16 kW | $3.25 | $36,427 | $31,483 | 13.4 years |
| 18 kW | $3.18 | $40,108 | $36,291 | 13.1 years |
| 20 kW | $3.11 | $43,596 | $41,292 | 12.8 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Kimberly, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Kimberly, ID Solar Cost FAQs
What is the average cost of installing solar panels in Kimberly?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Kimberly have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 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 buy 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.