Solar Panel Cost Guide in Rexburg, ID (2024 Update)
- Rexburg Solar Installation Cost: $18,303
- 25-Year Savings: $19,005
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Rexburg
Let’s have a look at the average cost of solar in Rexburg.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rexburg, the typical cost of a solar system is 3 per watt.To cover 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 $18,303, or $26,173 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary depending on a few factors, such as what size system you need, your energy usage and what company you go with.Even with the high initial cost, the average Rexburg homeowner can save about $16,000 on their power bills over 20 years, which is one of the perks of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Rexburg
| Year | Return on Investment |
|---|---|
| 1 years | $-17,104 |
| 3 years | $-14,707 |
| 5 years | $-12,309 |
| 7 years | $-9,911 |
| 9 years | $-7,514 |
| 11 years | $-5,116 |
| 13 years | $-2,718 |
| 15 years | $-321 |
| 17 years | $2,077 |
| 19 years | $4,475 |
| 21 years | $6,872 |
| 23 years | $9,270 |
| 25 years | $11,668 |
Top Solar Installers in Rexburg
Putting up solar panels on your own can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're looking for a solar installer in Rexburg, we've put together 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 Rexburg
Factors that Affect Solar Panel Costs in Rexburg
For many Rexburg homeowners, the decision to install solar panels rests on 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 numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Rexburg, one of the most crucial 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 determine by looking at past electricity bills. Your overall cost can increase by around $3,460 for each additional kilowatt you need.The type of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about 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
If paying for a solar system in cash is out of reach, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that has the products, warranties and services you want and also is within 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 | $3.60 | $15,113 | $10,896 | 14.5 years |
| 8 kW | $3.53 | $19,764 | $14,915 | 14.2 years |
| 10 kW | $3.46 | $24,220 | $19,128 | 14.0 years |
| 12 kW | $3.39 | $28,483 | $23,535 | 13.7 years |
| 14 kW | $3.32 | $32,552 | $28,136 | 13.4 years |
| 16 kW | $3.25 | $36,427 | $32,930 | 13.1 years |
| 18 kW | $3.18 | $40,108 | $37,918 | 12.9 years |
| 20 kW | $3.11 | $43,596 | $43,100 | 12.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 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 $17,300 for a 5-kW system and $34,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Rexburg?
A solar panel system isn’t free in Rexburg, but there are some options that can make getting them more feasible, 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 going solar worth it?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
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 average daily sunlight your roof gets. You can 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 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.