How Much Do Solar Panels Cost Safford Az
Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.
How much do solar panels cost safford az. The numbers below assumes you want to buy the system outright. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. The average cost of solar panels in arizona is about 16 020 with average prices ranging from 13 188 to 19 153 3 15 per watt in the us for 2020 according to multiple sources. You can also get a loan lease the system or set up a power purchase agreement ppa.
As of september 2020 the average solar panel cost in arizona is 2 69 w given a solar panel system size of 5 kilowatts kw an average solar installation in arizona ranges in cost from 11 432 to 15 468 with the average gross price for solar in arizona coming in at 13 450 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net. This is higher than the average price of residential solar power systems across the united states which is currently 2 64 per watt. Since the average system size in the u s. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.
National data september 2020. As of 2018 the average cost for solar panels in the state of arizona is 2 67 per watt. With energy prices on the rise this may be the perfect time. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 64 per watt.
The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. As of sep 2020 the average cost of solar panels in arizona is 2 67 per watt making a typical 6000 watt 6 kw solar system 11 837 after claiming the 26 federal solar tax credit now available. Average solar panel cost. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.
This estimated cost is based on installing an average sized 5 kw 5000 watt solar system and before deducting the 30 federal tax credit 10 state tax credit and other incentives. Solar panel costs for an average sized installation in the u s. What range of costs should you expect to see in quotes for a solar panel system. Solar panel cost in 2020.
How does system size impact the cost of solar. Solar panel cost data arizona 2020 updated. Cost of solar panels in safford az. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31.
The figures below show the total cost of solar power in safford and the estimated payback or break even period.