The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.
Arizona cost of solar panel instalation.
According to data from 2019 a 5 kilowatt kw solar installation in arizona averages between 12 495 and 16 905 in cost with an average gross price of 14 700.
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.
As of september 2020 the average cost of solar panel installation in the state of arizona is 2 88 per watt.
On a cost per watt w basis a solar panel installation in georgia ranges in price from 2 29 to 3 09.
This is higher than the average price of residential solar power systems across the united states which is currently 2 53 per watt.
After considering the money saving incentives and tax credits available the cost will drop significantly.
Since the average solar system size in the arizona is 5 kilowatts 5 000 watts the average cost of a solar panel system in az is 14 400 before any federal or local incentives according to energysage.
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.
Another calculation that potential solar buyers have to consider is the solar payback period.