Cost of Solar Panels in Arizona
The average price of a small solar panel system in Arizona is approximately $14,000, which breaks down to roughly $2.44 per watt. However, this number can vary significantly depending on the size of your home, where in the state you are located, the type and size of solar panels you choose, and a wide range of other factors.What Is the Average Solar Panel Payback Period in Arizona?
Arizona homeowners find that it takes approximately eight years for their solar panel system to pay for itself. This estimate falls near the middle of the national average payback period of six to ten years.What Factors Might Impact My Solar Panel Payback Period in Arizona?
Knowing how your solar panel system compares to typical systems in Arizona can help you determine whether you can reasonably expect to experience a longer or shorter payback period than other homeowners in the state. Here are some of the most common factors that may influence the length of your payback period!Solar Panel Efficiency
Not all solar panels produce the same amount of energy in the same amount of time. Solar panel efficiency refers to the amount of energy your system will generate per square inch. High efficiency solar panels allow you to produce the same amount of energy with few panels. However, they also cost more. Depending on the size of your system, high-efficiency solar panels may save you money and reduce the payback period.Energy Used
You may be able to save even more money if you do not use all the energy your solar panels generate each month. This saved energy can often be rolled over to the following month, which can help to reduce costs during months that you may need to use more.Cost of Electricity
Energy costs can vary significantly in various parts of Arizona, and the amount that you typically spend on electricity each month and year is key when it comes to determining how much you may be able to save by switching to solar panels. If you live in an area with particularly high energy costs, you will begin to see a payback sooner because solar panels will more significantly reduce the amount you need to spend.Start Saving Sooner Than Later
Sometimes it can take several years to break even on your investment before you start to see that savings. At Solar Optimum, we want you to see the savings starting on day one. That’s why we offer monthly specials and promotions to help make solar panels more affordable. Contact us today to learn more about our current promotion and get your free installation quote.
