Solar Panel Cost Guide in Rexburg, ID (2023 Update)
- Rexburg Solar Installation Cost: $13,759
- 25-Year Savings: $18,999
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Rexburg
Find out what the average cost of a solar system is in Rexburg.
In Rexburg, solar panels cost about 2.6 per watt on average. The average solar panel system size in Rexburg is around 7.6 kilowatts, meaning a cost of about $13,759 for a solar installation, or $19,675 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more. With typical savings of about $16,000 on electricity bills over 20 years, many homeowners in Rexburg find going solar can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
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
Although you can install solar panels by yourself, it takes extra time and know-how. That's why most people choose a solar panel installer. 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 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 Rexburg
Factors that Affect Solar Panel Costs in Rexburg
Although the average cost of a solar system 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
The size of the solar panel system you need to offset your energy usage, 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 around $2,600. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
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 affordable. However, the interest on solar loans also adds to your overall costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can affect how much it costs. Rexburg's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the 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 | $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 |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Rexburg?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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 savings from going solar.
Can you sell solar power back to the grid in Rexburg?
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 utility bills.
How many solar panels should I get to power 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 buy 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.