As one of the sunniest states in the U.S, Arizona is primed to reap the benefits of solar power. But still, the initial cost of solar panels and installation can be enough to deter some homeowners from seeking the long-term benefits of energy independence.
So how much do solar panels cost in Maricopa county, Arizona? This article will answer all your questions and provide some tips for getting the best price available.
The Average Cost of Solar Panels in Arizona
The average cost of a solar panel in Arizona stands at about $2.61 per watt without incentives and $2.44 per watt with incentives. This price may go down when buying a large solar system as the unit cost goes down. Residents installing a small system of about 5 kW will part with about $12,030 to $14,030 before factoring in any solar incentives.
A mid-sized solar system averages about $30,000 before factoring in the tax credits. Most residents would need a system that can generate at least 11.5 kW to offset the utility bill costs in the state.
How does this compare to the national average?
The national average cost per watt for photovoltaic equipment is about $2.66. This is slightly higher than the $2.61/W average in Arizona. However, the residents of the state are likely to require a bigger system than average to satisfy their energy needs. While the national average energy usage per homestead per month stands at about 886 kWh, Arizonians consume about 1,048 kWh, thereby requiring larger system requirements.
What Influences the Cost of Solar Panels?
It can difficult to give an exact cost estimate for solar systems because that can be affected by a number of different factors, such as:
- The required size of the system. Households that consume more energy will require a bigger system.
- Brand of the solar panels. Different brands come with different price tags. Consult with your installer about your options.
- Availability of incentives. There are a variety of federal and state incentives available to help you save on solar. Check with your installer to see which incentives you qualify for.
How Many Solar Panels Do You Need?
The average American home will need between 21 and 34 solar panels to run efficiently. The exact number of solar panels you need is based on your power consumption. On average, a small home uses about 12,815 kWh of power each year. A mid-sized home (about two to four bedrooms) will use up to 18,200 kWh a year. This means they would need an 11 kWh solar system to cover their needs.
Your monthly bill is also a good indicator of energy needs. With this figure in mind, you can work down to the number of solar panels you need.
A solar contractor can help make the correct estimate and determine the best solar power storage system you need. Plan for slightly more than your average consumption to account for unexpected needs or prolonged weather changes.
How Do You Get the Best Solar Prices in Arizona?
As explained earlier, the average cost for an 11.5 kWh solar system, which is commonly used in homesteads, is $30,000. However, as explained below, you can save on equipment and installation through several methods.
- File for the federal investment tax credit for a 30% cut on installation costs.
- Taking the Residential Solar Panel Tax Credit for a 25% cut or $1,000 (whichever is less), taking advantage of the solar equipment tax exemption
- Getting discounted offers from leading solar providers in Arizona
Helping Maricopa County Residents Go Solar
Arizona is currently a market leader in solar energy production. This is due to the RPS law, which requires state-owned utilities to source 15% of their power from renewable sources by 2025 or risk heavy fines. The state also receives more sunshine than any other state in the country. Therefore, getting a solar system is a great idea.
Solar Optimum offers solar panels, battery storage, and installation to residents of Maricopa County, Arizona. Download Your Ultimate Guide To Going Solar or connect with one of our Energy Consultants to learn more.
