Solar Panel Cost Guide in Rexburg, ID (Aug 2022)

  • Rexburg Solar Installation Cost: $14,545
  • 25-Year Savings: $18,213
  • Payback Period: 11.1 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in Rexburg

See how much it might cost to install solar panels in Rexburg.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Rexburg, the average cost of a solar system is $3 per watt. To account for the typical energy needs of the average home in Rexburg, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,545, or $10,763 after the federal solar tax credit is applied.

How much you pay can go higher or lower than the average in Rexburg depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $16,000 in savings on energy bills over 20 years.

Click the button below to get connected to a top solar panel company in Rexburg for a personalized estimate.

Solar savings over time in Rexburg

Year Return on Investment
1 years $-13,235
3 years $-10,614
5 years $-7,994
7 years $-5,373
9 years $-2,752
11 years $-132
13 years $2,489
15 years $5,110
17 years $7,730
19 years $10,351
21 years $12,972
23 years $15,592
25 years $18,213

Top Solar Installers in Rexburg

Although it's possible to install solar panels by yourself, it involves extra energy and knowledge. That's one of the reasons most people choose to hire a solar panel installer. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.

There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Local Installer

ES Solar

★★★★★
4.5

  • 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 Rexburg

Factors that Affect Solar Panel Costs in Rexburg

For many Rexburg homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Rexburg, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,600 per kilowatt in Rexburg. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you just 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 a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Rexburg, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

The solar company you hire to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies in Rexburg, and each can charge different amounts for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fit into your budget.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.70 $12,006 $14,003 11.5 years
8 kW $2.65 $15,700 $18,979 11.3 years
10 kW $2.60 $19,240 $24,108 11.1 years
12 kW $2.55 $22,626 $29,392 10.9 years
14 kW $2.50 $25,859 $34,829 10.7 years
16 kW $2.44 $28,937 $40,420 10.4 years
18 kW $2.39 $31,861 $46,165 10.2 years
20 kW $2.34 $34,632 $52,064 10.0 years

Solar Incentives in Rexburg

Name Low-Interest Energy Loan Programs
Website Visit here
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Residential Alternative Energy Tax Deduction
Incentive Amount 40% in the first year; 20% per year for next three years
Incentive Max $5,000 per year; $20,000 total deduction
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the company you choose greatly influence your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
  • Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely have a solid reputation and are qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
  • Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Local Installer

ES Solar

★★★★★
4.5

  • 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 Rexburg, ID Solar Cost FAQs

How much does it cost to install solar panels in Rexburg?

The average cost of solar panels in Rexburg is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider aside from cost 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 your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Do solar panels increase the value of your home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Rexburg is currently $218,129, so you can expect about a value of about $8,943 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Rexburg is a fruitful investment.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs 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 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.

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