Solar Panel Cost Guide in Rexburg, ID (2024 Update)
- Rexburg Solar Installation Cost: $18,303
- 25-Year Savings: $19,005
- Payback Period: 14.0 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 Rexburg
Let’s have a look at the average cost of solar in Rexburg.
The national average cost of solar panels is $2.66 per watt, but in Rexburg it’s 3 per watt.To cover the typical energy usage of the average home in Rexburg, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs about $18,303, or $26,173 before the federal solar tax credit of 0 is applied.
How much you pay can go above or below the average in Rexburg based on a few factors, such as the type of solar panels you choose and the solar company you hire.Many homeowners find going solar is a solid investment. The average homeowner in Rexburg can save around $16,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Rexburg
| Year | Return on Investment |
|---|---|
| 1 years | $-17,104 |
| 3 years | $-14,707 |
| 5 years | $-12,309 |
| 7 years | $-9,911 |
| 9 years | $-7,514 |
| 11 years | $-5,116 |
| 13 years | $-2,718 |
| 15 years | $-321 |
| 17 years | $2,077 |
| 19 years | $4,475 |
| 21 years | $6,872 |
| 23 years | $9,270 |
| 25 years | $11,668 |
Top Solar Installers in Rexburg
When going solar, many homeowners prefer to go with a solar installation company since installing a solar system yourself can be a challenging project. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money after your initial investment.
There are various licensed solar professionals that can install solar panels for you. 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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
See all of the solar companies in Rexburg
Factors that Affect Solar Panel Costs in Rexburg
For many Rexburg homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Rexburg, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel 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, your total will most likely increase by about $3,460. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Rexburg, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Rexburg have solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that has the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.60 | $15,113 | $10,896 | 14.5 years |
| 8 kW | $3.53 | $19,764 | $14,915 | 14.2 years |
| 10 kW | $3.46 | $24,220 | $19,128 | 14.0 years |
| 12 kW | $3.39 | $28,483 | $23,535 | 13.7 years |
| 14 kW | $3.32 | $32,552 | $28,136 | 13.4 years |
| 16 kW | $3.25 | $36,427 | $32,930 | 13.1 years |
| 18 kW | $3.18 | $40,108 | $37,918 | 12.9 years |
| 20 kW | $3.11 | $43,596 | $43,100 | 12.6 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
EcoWatch's Rexburg, ID Solar Cost FAQs
What is the average cost of installing solar panels in Rexburg?
The average cost of solar panels in Rexburg is about $17,300 for a 5-kW system and $34,600 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Rexburg?
A solar panel system isn’t free in Rexburg, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 install between 20 and 35 panels to cover 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.