Solar Panel Cost Guide in Chino Valley, AZ (2024 Update)
- Chino Valley Solar Installation Cost: $11,366
- 25-Year Savings: $26,306
- Payback Period: 7.9 Years
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Average Cost of Solar Panels in Chino Valley
Let’s take a look at the average cost of solar panels in Chino Valley.
The average cost of a solar system in Chino Valley is 3 per watt.Since a 5.3-kW system is needed to cover the energy costs of a typical home in Chino Valley, the average price of going solar will be about $11,366 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you choose, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Chino Valley can save around $26,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Chino Valley for a quote for your home.
Solar savings over time in Chino Valley
Year | Return on Investment |
---|---|
1 years | $-9,701 |
3 years | $-6,370 |
5 years | $-3,039 |
7 years | $292 |
9 years | $3,624 |
11 years | $6,955 |
13 years | $10,286 |
15 years | $13,617 |
17 years | $16,948 |
19 years | $20,279 |
21 years | $23,610 |
23 years | $26,941 |
25 years | $30,272 |
Top Solar Installers in Chino Valley
When going solar, many homeowners choose to use a solar company since putting up solar panels yourself can be a difficult project. Plus, if you’re unsure what type of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Chino Valley
Factors that Affect Solar Panel Costs in Chino Valley
Even though the average cost of a solar system in Chino Valley is $11,366, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,070.The brand and type of equipment you get 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Chino Valley have solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also adds to your all-in costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Chino Valley is the company you get to install your PV system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.19 | $13,410 | $27,393 | 8.2 years |
8 kW | $3.13 | $17,536 | $36,868 | 8.1 years |
10 kW | $3.07 | $21,490 | $46,515 | 7.9 years |
12 kW | $3.01 | $25,272 | $56,334 | 7.7 years |
14 kW | $2.95 | $28,883 | $66,324 | 7.6 years |
16 kW | $2.89 | $32,321 | $76,487 | 7.4 years |
18 kW | $2.82 | $35,587 | $86,822 | 7.3 years |
20 kW | $2.76 | $38,682 | $97,328 | 7.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose significantly influences your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Chino Valley, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Chino Valley?
The average cost of solar panels in Chino Valley is about $15,350 for a 5-kW system and $30,700 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 consume.
Are solar panels free in Chino Valley?
You can’t get solar panels for free in Chino Valley. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Chino Valley have a net metering program?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.