Solar Panel Cost Guide in Lake Montezuma, AZ (2024 Update)
- Lake Montezuma Solar Installation Cost: $11,366
- 25-Year Savings: $26,306
- Payback Period: 7.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lake Montezuma
Find out what the average cost of solar panel installation is in Lake Montezuma.
The national average cost of solar panels is $2.66 per watt, but in Lake Montezuma it’s 3 per watt.The average solar panel system size in Lake Montezuma is around 5.3 kilowatts, meaning a cost of about $11,366 for a solar installation, or $16,253 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary depending on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.Despite the significant upfront cost, the average Lake Montezuma homeowner can save around $26,000 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar company in Lake Montezuma for a customized estimate.
Solar savings over time in Lake Montezuma
| 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 Lake Montezuma
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar, using a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Lake Montezuma
Factors that Affect Solar Panel Costs in Lake Montezuma
The cost of installing a solar system in Lake Montezuma can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,070. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lake Montezuma to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 kind 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 things to keep in mind to help with your decision:
- Warranty: If you care about the endurance of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should choose, since different companies have different panels.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Lake Montezuma, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Lake Montezuma?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Lake Montezuma?
A solar panel system isn’t free in Lake Montezuma, 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 help lower the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lake Montezuma is currently $528,884, which means you could be looking at a value of about $21,684 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lake Montezuma is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage 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 get between 20 and 35 panels to account for 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.