Calculate how much it will cost to install solar panels for your home in Peoria
Our estimates used by
Solar power in Peoria, Arizona
Solar customers in Peoria are eligible for net metering with APS, or if you're just a little out of the city its offered SRP as well.
There is also the federal tax credit — worth 26% in 2020, or 22% in 2021 — which has no size limit and may be extended over many years.
Arizona also offers a 25% up to $1,000 state tax credit applied before the federal credit.
With incentives set to expire or step down and power companies fighting net metering hard don't mess about!
Net Metering Broken Down
Net metering in Arizona requires your utility to record how much unused electricity is sent to the grid and how much power is pulled from the grid e.g. at night and only bill you for energy exported minus energy imported.
With all the sun available in Arizona, more energy is usually exported than consumed and this energy is credited 1 for 1 per kWh with the retail power rate. Net metering will make you some serious money.
The average cost of installing residential solar panels in Peoria,
Arizona in 2024 is
$2.67 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Peoria, AZ
is $13,350.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Arizona is only 1061kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Peoria solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Arizona solar savings calculator can do this because it contains a database of the electric rates charged by Arizona Public Service (APS ), City of Mesa, Salt River Project, Town of Wickenburg, USBIA-San Carlos Project, Ocotillo Water Conserv. Dist., Tohono OOdham Utility Auth, Electrical Dist No8 Maricopa, Harquahala Valley Pwr District, Tohono O'Odham Utility Authority
How much can solar panels save you in Peoria
What does the cost of a real solar system look like?
Facts about installing a 12.42kW solar system in Peoria, AZ
This system would offset 100% of your energy usage if your typical monthly bill is $252, however your situation may vary so try our Peoria solar calculator to get a result tailored to you.
$20,166
Net cost of system
5 Years 11 Months
Average payback time
19,384 kWh
Annual power production
4¢/kWh
Levelized cost of solar energy
28¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 12.42kW system
Life-time savings on this system over the next 25 years
$105,458
(Prices shown after repayments of capital)
105
Solar companies in Peoria, AZ that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Peoria
| System Size |
Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $6,027 | $6,509 |
| 4kw | $7,840 | $8,467 |
| 5kw | $9,555 | $10,319 |
| 6kw | $11,214 | $12,111 |
| 7kw | $12,740 | $13,759 |
| 8kw | $14,168 | $15,301 |
| 9kw | $15,561 | $16,806 |
| 10kw | $16,800 | $18,144 |
Find out what system size you need for your home
Going solar in Arizona
Check out all of the ways energy providers of Arizona can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Clean Energy Tax Credit | Federal | Personal Tax Credit |
| Residential Solar and Wind Energy Systems State Tax Credit | State | Personal Tax Credit |
| Solar and Wind Equipment Sales Tax Exemption | State | Sales Tax Incentive |
| Energy Equipment Property Tax Exemption | State | Property Tax Incentive |
| Net BIlling | State | Net Metering |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
