Solar Panel Cost Guide in Twin Falls, ID (2024 Update)
- Twin Falls Solar Installation Cost: $17,686
- 25-Year Savings: $17,703
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Twin Falls
We go over average solar pricing in Twin Falls.
The average cost of a solar panel system in Twin Falls is 3 per watt.Using this figure, a typical 7.3-kW system would cost about $17,686 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $17,000 in savings on electricity bills over 20 years.
To receive a free quote from a pre-vetted solar company in Twin Falls, you can click the button below.
Solar savings over time in Twin Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-16,524 |
| 3 years | $-14,200 |
| 5 years | $-11,876 |
| 7 years | $-9,552 |
| 9 years | $-7,227 |
| 11 years | $-4,903 |
| 13 years | $-2,579 |
| 15 years | $-255 |
| 17 years | $2,069 |
| 19 years | $4,393 |
| 21 years | $6,717 |
| 23 years | $9,041 |
| 25 years | $11,365 |
Top Solar Installers in Twin Falls
Putting up solar panels by yourself can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Solar warranties and repairs are typically included in the cost of installation when you hire a solar contractor as well, which can save you more money after your upfront investment.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Twin Falls
Factors that Affect Solar Panel Costs in Twin Falls
The cost of installing a solar system in Twin Falls can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,460 per kilowatt in Twin Falls.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Twin Falls, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Twin Falls, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $3.60 | $15,113 | $10,353 | 14.8 years |
| 8 kW | $3.53 | $19,764 | $14,192 | 14.6 years |
| 10 kW | $3.46 | $24,220 | $18,224 | 14.3 years |
| 12 kW | $3.39 | $28,483 | $22,450 | 14.0 years |
| 14 kW | $3.32 | $32,552 | $26,870 | 13.7 years |
| 16 kW | $3.25 | $36,427 | $31,483 | 13.4 years |
| 18 kW | $3.18 | $40,108 | $36,291 | 13.1 years |
| 20 kW | $3.11 | $43,596 | $41,292 | 12.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The type of solar panel you’d like to get plays a part in which installer you should choose, since different companies provide different panels.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
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
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Twin Falls, ID Solar Cost FAQs
How much does it cost to install solar panels in Twin Falls?
The average cost of solar panels in Twin Falls 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Twin Falls?
You can’t get solar panels for free in Twin Falls. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.