Solar Panel Cost Guide in New River, AZ (2024 Update)
- New River Solar Installation Cost: $10,991
- 25-Year Savings: $25,311
- Payback Period: 7.9 Years
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Average Cost of Solar Panels in New River
We break down average solar pricing in New River.
Although the national average of solar panels is $2.66 per watt, solar panels in New River generally cost around 3.To account for the typical energy needs of the average home in New River, most homeowners require a 5.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $10,991, or $15,717 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you want, your solar contractor and more.But, after you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $26,000 over 20 years on electricity bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in New River
| Year | Return on Investment |
|---|---|
| 1 years | $-9,326 |
| 3 years | $-5,995 |
| 5 years | $-2,664 |
| 7 years | $668 |
| 9 years | $3,999 |
| 11 years | $7,330 |
| 13 years | $10,661 |
| 15 years | $13,992 |
| 17 years | $17,323 |
| 19 years | $20,654 |
| 21 years | $23,985 |
| 23 years | $27,316 |
| 25 years | $30,647 |
Top Solar Installers in New River
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make switching to solar power much easier. In addition, if you’d like to maximize your investment in solar energy, using a solar company can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 New River
Factors that Affect Solar Panel Costs in New River
For many New River homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in New River, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,070 per kilowatt in New River.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the New River average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in New River, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $27,245 | 8.2 years |
| 8 kW | $3.13 | $17,536 | $36,671 | 8.1 years |
| 10 kW | $3.07 | $21,490 | $46,268 | 7.9 years |
| 12 kW | $3.01 | $25,272 | $56,038 | 7.8 years |
| 14 kW | $2.95 | $28,883 | $65,979 | 7.6 years |
| 16 kW | $2.89 | $32,321 | $76,092 | 7.5 years |
| 18 kW | $2.82 | $35,587 | $86,377 | 7.3 years |
| 20 kW | $2.76 | $38,682 | $96,835 | 7.1 years |
How to Save on Solar Panels
There are many companies to choose from in New River, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
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 New River, AZ Solar Cost FAQs
What is the average cost of installing solar panels in New River?
The average cost of solar panels in New River 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in New River?
A solar panel system isn’t free in New River, 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 you can take advantage of.
Does New River have a net metering program?
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 electricity bills.
How many solar panels do I need 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 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.