Arizona Cost Of Solar Panel Installation

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.

Arizona cost of solar panel installation.

With an average installation price of 17 500 a purchase on credit makes perfect financial sense. Average prices to install solar panels in phoenix ranged from 16 622 to 20 078 for 2019 according to solar estimate before 30 solar tax credits and other rebates. Solar panel cost in arizona the average cost for an installed residential solar system in arizona is currently 11 837 after claiming the 26 federal solar tax credit. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

This is 2 67 per watt. After 30 federal tax credit and the 1 000 arizona state tax credit you can expect to you can expect to pay about 11 670 if you are financing your solar system. According to data from 2019 a 5 kilowatt kw solar installation in arizona averages between 12 495 and 16 905 in cost with an average gross price of 14 700. This means that you pay around 52 per month out of pocket your first year.

This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Since the average solar system size in the arizona is 5 kilowatts 5 000 watts the average cost of a solar panel system in az is 14 400 before any federal or local incentives according to energysage. During year one you should have about 1 039 in energy costs and your loan payments should total about 1 661. As of september 2020 the average solar panel cost in arizona is 2 69 w.

No two solar power systems are the same. Another calculation that potential solar buyers have to consider is the solar payback period. They are custom based on the home roof type shading and utility. Installation for the average 5kw system ranges from 11 100 22 400.

On a cost per watt w basis a solar panel installation in georgia ranges in price from 2 29 to 3 09. Given a solar panel system size of 5 kilowatts kw an average solar installation in arizona ranges in cost from 11 432 to 15 468 with the average gross price for solar in arizona coming in at 13 450. After considering the money saving incentives and tax credits available the cost will drop significantly. As of sep 2020 the average cost of solar panels in arizona is 2 67 per watt making a typical 6000 watt 6 kw solar system 11 837 after claiming the 26 federal solar tax credit now available.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.