How Much Does Solar Panels Cost In Arizona

Average solar panel cost.

How much does solar panels cost in arizona. 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. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. Installation of panels for the average 5kw system ranges from 11 100 22 400. Federal solar tax credit.

There is little variance in cost between phoenix flagstaff and tucson as most of the best solar companies have offices in each city. How much does a solar system cost in arizona. 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. 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.

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. 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. Solar panel cost data arizona 2020 updated.

This is higher than the average price of residential solar power systems across the united states which is currently 2 64 per watt. As of 2018 the average cost for solar panels in the state of arizona is 2 67 per watt. The most significant incentive to install solar panels for homes and businesses in arizona is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. Solar power systems are very custom based on the home roof type shading and utility.

Is 6 kilowatts 6 000 watts the average cost of a solar panel system in az is 16 020 before any federal or local incentives. National data september 2020. 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.