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

  • Rexburg Solar Installation Cost: $13,759
  • 25-Year Savings: $18,999
  • Payback Period: 10.5 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Rexburg

Find out what the average cost of a solar system is in Rexburg.

The national average cost of solar panels is $2.66 per watt, but in Rexburg it's $3 per watt. Since a 7.6-kW system is needed to cover the energy needs of a typical home in Rexburg, the average price of going solar will be about $13,759 before claiming the federal solar tax credit of 30%.

The actual price you pay can go above or below the average in Rexburg based on several factors, such as the type of solar panels you choose and the solar installer you hire. But, after you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $16,000 over 20 years on energy bills.

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

Solar savings over time in Rexburg

Year Return on Investment
1 years $-12,449
3 years $-9,828
5 years $-7,207
7 years $-4,587
9 years $-1,966
11 years $655
13 years $3,275
15 years $5,896
17 years $8,517
19 years $11,137
21 years $13,758
23 years $16,379
25 years $18,999

Top Solar Installers in Rexburg

Many homeowners opt for a solar panel company since trying to install solar panels yourself can be a lot of work. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.

You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:

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

Although the average cost of solar panels in Rexburg is $13,759, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment Size

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,600 per kilowatt in Rexburg. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Rexburg, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. When estimating 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 lower the total interest paid over time.

Solar Panel Installation Company

Finally, the company you opt for to install your solar panel system can influence how much you pay. Rexburg's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Rexburg know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 $2.70 $11,357 $14,652 10.9 years
8 kW $2.65 $14,851 $19,827 10.7 years
10 kW $2.60 $18,200 $25,148 10.5 years
12 kW $2.55 $21,403 $30,615 10.3 years
14 kW $2.50 $24,461 $36,227 10.1 years
16 kW $2.44 $27,373 $41,984 9.9 years
18 kW $2.39 $30,139 $47,888 9.7 years
20 kW $2.34 $32,760 $53,936 9.4 years

Solar Incentives in Rexburg

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

Name Rocky Mountain Power - wattsmart Residential Efficiency Program
Website Visit here
More Info Click here

Name Residential Alternative Energy Tax Deduction
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
  • Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.

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 things like the model of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Rexburg?

Solar panels aren't free in Rexburg, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Is it worth going solar in Rexburg?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.

How long do solar panels last in Rexburg?

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.

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