Solar Panel Cost Guide in Yuma, AZ (2024 Update)
- Yuma Solar Installation Cost: $10,983
- 25-Year Savings: $25,244
- 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 Yuma
Find out what the average cost of solar panels are in Yuma.
While the national average of solar panels is $2.66 per watt, solar panels in Yuma generally cost about 3.The average solar panel system size in Yuma is around 5.1 kilowatts, meaning a cost of about $10,983 for a solar installation, or $15,706 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will look different based on the amount of energy your home requires and what company you choose to go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $26,000 over 20 years on power bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Yuma
| Year | Return on Investment |
|---|---|
| 1 years | $-9,318 |
| 3 years | $-5,987 |
| 5 years | $-2,656 |
| 7 years | $675 |
| 9 years | $4,007 |
| 11 years | $7,338 |
| 13 years | $10,669 |
| 15 years | $14,000 |
| 17 years | $17,331 |
| 19 years | $20,662 |
| 21 years | $23,993 |
| 23 years | $27,324 |
| 25 years | $30,655 |
Top Solar Installers in Yuma
Many homeowners opt for a solar installation company since figuring out how to install solar panels on your own can be hard. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy consumption, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
There are several licensed solar professionals that can help you install your solar panels. 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 Yuma
Factors that Affect Solar Panel Costs in Yuma
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Yuma: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need 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 increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Yuma have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also increases your overall costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Yuma, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $27,188 | 8.3 years |
| 8 kW | $3.13 | $17,536 | $36,594 | 8.1 years |
| 10 kW | $3.07 | $21,490 | $46,172 | 7.9 years |
| 12 kW | $3.01 | $25,272 | $55,922 | 7.8 years |
| 14 kW | $2.95 | $28,883 | $65,844 | 7.6 years |
| 16 kW | $2.89 | $32,321 | $75,939 | 7.5 years |
| 18 kW | $2.82 | $35,587 | $86,204 | 7.3 years |
| 20 kW | $2.76 | $38,682 | $96,642 | 7.1 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project timeline.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The type of solar panel you need to install plays a part in which installer you should opt for, since different companies offer different panels.
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 Yuma, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Yuma?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Yuma?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,353.24 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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.