Solar Panels Cost 5.9k-13k in Cave Creek, AZ | October, 2024

Solar Panels Cost $5.9k-$13k in Cave Creek, AZ | October, 2024

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How much do solar panels cost in Cave Creek, AZ in 2024?

In Cave Creek, AZ in the month of October, 2024 you will spend about $2.81 per watt to go solar.

It will cost you $2,810, on average, for every 1K (or 1000 watts) of capacity that your solar panels have. After receiving the 30% federal tax credit, you can expect to pay around $9,835 for a 5 kW solar setup in Cave Creek. Please keep in mind that a bigger system might be needed to adequately cover your energy consumption.

To the left, you can choose your county to see the average roof size and average maximum capacity for solar panels on homes in your area. Below is an analysis of the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Cave Creek: $9,835US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Cave Creek: 5 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Cave Creek: $25,077US Average: $15,784

Solar Potential in Cave Creek

Estimated system size and solar electricity production per median viable roof in
Cave Creek.

Roof size 1,090sq. ft.
Capacity 15.25kW DC
Electricity 24.8kkWh AC per yr.

Electricity Costs in Cave Creek, AZ & What that Means for Your Solar Panel Pricing

On average, Cave Creek residents pay $163.03 for their electric bill each month and use 1,025 kWh. These statistics also include apartments and other smaller residences with reduced energy demand.

The average rate for electricity in Cave Creek, AZ in October, 2024 is 15.9¢ per kWh.

Average citizens in Cave Creek will want a solar panel system with a generation capacity of 7 kW or larger to satisfy their full electricity consumption requirements. Installing a a 7 kW solar panel installation will be priced at about $19,670 initially, but with the 30% federal tax credit, you can receive a 30% reimbursement, reducing the cost to $13,769.

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Average solar panel costs by system size in Cave Creek

Located below and to the left, there is the price breakdown for different sizes of the solar panel systems set up in Cave Creek. The bigger the solar array, the higher the initial expense, but also the greater electricity savings and income tax credits you'll get.

The solar panel cost and benefit breakdown, shown in the calculator below and to the right, is based on an average electric bill of $163.03 in Cave Creek. Change the $163.03 to match your average electricity bill payment for custom results.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $869 a year
Est. Price
$5,901
Savings from a 3kWthis system
  • Est. yearly production 5,429 kWh
  • Est. monthly savings $72
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 1.62 tons a year
  • Equivalent to planting 75 trees a year
  • Equivalent to driving 4,019 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,158 a year
Est. Price
$7,868
Savings from a 4kWthis system
  • Est. yearly production 7,239 kWh
  • Est. monthly savings $97
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.16 tons a year
  • Equivalent to planting 99 trees a year
  • Equivalent to driving 5,359 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,448 a year
Est. Price
$9,835
Savings from a 5kWthis system
  • Est. yearly production 9,048 kWh
  • Est. monthly savings $121
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.71 tons a year
  • Equivalent to planting 124 trees a year
  • Equivalent to driving 6,699 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,737 a year
Est. Price
$11,802
Savings from a 6kWthis system
  • Est. yearly production 10,858 kWh
  • Est. monthly savings $145
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.25 tons a year
  • Equivalent to planting 149 trees a year
  • Equivalent to driving 8,038 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $2,027 a year
Est. Price
$13,769
Savings from a 7kWthis system
  • Est. yearly production 12,668 kWh
  • Est. monthly savings $163
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.66 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,050 mi less a year

Cave Creek Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar or wind turbines for rural small businesses and agricultural businesses. If you feel you might be eligible, we suggest utilizing our REAP Grant eligibility tool to verify your qualification.

The federal government offers a 30% tax credit for residential solar systems, making solar practical and practical for a diverse set of homeowners. A variety of state and local incentives are offered to promote the use of solar energy.

Arizona features 12 solar rebate and incentive initiatives provided by multiple utilities and government organizations.

Solar incentives in AZ

Residential Solar and Wind Energy Systems Tax Credit

Value:Up to $1,000

Arizona is offering a Solar Energy Credit to individual taxpayers who install a solar or wind energy device at their Arizona residence. The credit can be applied against their personal income tax; the credit is one-fourth of the cost of solar or wind energy, up to $1000. The number of devices does not matter. The credit may be claimed in the year that the devices are installed or up to five years if the amount exceeds their tax liability. Taxpayers who lease the system or enter into a third-party power purchase agreement are not eligible to receive the credit.

Mohave Electric Cooperative - Renewable Energy Incentive Program

Value:Up to $2,500

Mohave Electric Cooperation has incentives to encourage its customers to install renewable energy systems in the homes and businesses, and thus help them save money on electric bills. It provides rebates for small commercial and residential photovoltaic and wind systems; however, rebates for solar water heaters are available for residential systems only. These rebates should help offset the price of those systems, making them more attractive to potential buyers and eventually helping them to help better the environment. Also, residential and business customers must meet all applicable terms and conditions with the appropriate forms submitted through their website.

Southwest Gas Corporation - Commercial High-Efficiency Equipment Rebate Program

Value:Varies

The Southwest Gas Corporation offers rebates to commercial customers in Arizona who purchase energy-efficient natural gas equipment in order to better assist environmental measures. Customers of the natural gas company may apply for custom incentives. Those commercial customers interested in obtaining a rebate for their natural gas equipment should refer to the Southwest Gas Corporation website for more information. A list of rebates available through the Southwest Gas Corporation may found here. The rebates should encourage customers of the company to better access more energy-efficient equipment for their companies' needs.

SRP - Solar Water Heating Program

Value:Varies

The Salt River Project's Solar Water Heating program provides incentives to encourage its residential customers to purchase solar water heating systems as back-ups to their electric systems, in hopes that the residential customers will use the renewable energy systems in preference to their familiar systems. The usual incentive for residential solar water heating systems is $0.30 per kilowatt-hour of the estimated annual energy savings, determined by calculating current use to determine estimated use for the next year. The incentives are pro-rated ($0.24 per kilowatt-hour) for systems where solar collectors are installed in sub-optimal locations, such as shady areas.

Sulphur Springs Valley EC - SunWatts Rebate Program

Value:Varies

The SunWatts program offers home and business owners incentives for purchasing solar water heating systems. The ideal is that residential and business customers of various companies will take advantage of the incentives offered through the SunWatts program and upgrade their homes. Also, the solar water heating systems may encourage the homeowners and business owners to try other renewable energy systems, especially once they see how much the heating systems save them. Systems must meet all program requirements, and incentives are usually available through local companies. See the SunWatts program website for complete details on rebates offered and other incentives.

Renewable Energy Tax Credit for International Operations Centers (Corporate)

Value:Varies

A 2014 act of the Arizona legislature created tax incentives on new solar, wind, or other renewable energy systems used to power "international operations centers." To qualify for the credit, systems should be rated for at least 20 MW of generation capacity or produce 40,000 megawatt hours of electricity per year. "International operations center" certification is obtained through ten years of investment records in new Arizona-located capital. Additional information is available from the state department of revenue.

Solar Contractor Licensing

Value:Varies

The Arizona Registrar of Contractors does not offer a general solar electric contractor license, but the state's R-11 and C-11 electric licenses cover solar electric installations. The Registrar also has licenses for solar water heaters. There are also licenses for space heating and cooling systems, including solar thermal systems. For those interested in working with pools that include a solar pool heating system, there is another license. All contractors that work with solar energy systems must have four years of applicable work experience and pass an exam in order to obtain a license in Arizona.

Trico Electric Cooperative - SunWatts Incentive Program

Value:Varies

The Trico Electric Cooperative offers its residential and business customers a rebate for installing solar water heaters into their homes and businesses, thus helping to encourage the use of sustainable energy in those homes and businesses. Rebates equal $.40 per kilowatt that is expected to be saved in the first year of the use of solar water heating systems, as compared to the systems that they are used to using to heat their water. The rebates are offered through the SunWatts program, and should encourage its residential and business customers to look for another way to use renewable energy sources in their homes and businesses.

Renewable Energy Standard

Value:Varies

The Arizona Corporation Commission is debating changes to the state's Renewable Energy Standard to expand the standard to 15% by 2025, with 30% of the renewable energy coming from distributed energy technologies. The new rules were certified as constitutional and were allowed to go forward. Prior to the 2006 rules, Arizona's original Environmental Portfolio Standard required Arizona 0.4% of its energy from renewable sources; this was increased incrementally to 60% by 2012. The RES should allow Arizona to meet its goals, and to eventually see more of its energy needs being met by renewable energy sources.

SRP - Net Metering

Value:Varies

The Salt River Project modified its net-metering program for residential customers in February 2015. Effective with the April 2015 billing cycle, residential customers who generate part of the electricity onsite are billed under the Customer Generation Price Plan. Customers that have purchased their distributed energy system or signed a lease agreement before December 8, 2014, may keep their original plan for twenty years. Net-metering allows customers discounts on the energy bill if they produce more electricity than they use. While the Arizona Corporation Commission adopted net-metering rules in October 2008, the state's rules do not apply to Salt River Project customers.

Interconnection Guidelines

Value:Varies

The Arizona Corporation Commission initiated a rule-making process to establish statewide interconnection standards for distributed generation. The proceedings are still in effect, and the commission has recommended that the utilities use the Interconnection Document as a guide. The state's utilities developed interconnection agreements prior to the ACC's ongoing proceedings. Each utility has adopted its own standards, sometimes based on different metrics than other utilities. It is likely that Arizona's regulated utilities will adopt the ACC's interconnection standards when the final rules are adopted in order to provide a system that will enable all utilities to provide consistent service across the state.

Renewable Energy Tax Credit for International Operations Centers (Personal)

Value:Varies

S.B. 1484 of 2014 provides a tax credit for renewable energy systems used in manufacturing that produce energy. H.B. 2528 of 2017 removes manufacturer eligibility in 2018. Eligible systems must be capable of creating at least 20 megawatts of energy or a typical annual generation of at least 40,000 megawatt-hours. The tax credit of $5 million per year for five years for each facility. Taxpayers must apply to the Department of Revenue; the sooner you apply the better as when the $10 million is gone it is gone.

Are solar panels worth it in Arizona?

For those expecting to remain in their homes after the solar system's payback period, installing solar panels is a obvious choice in Cave Creek. By installing a 5 kW solar system in Cave Creek, AZ, you can expect to save roughly $29,292.2 over 20 years, with the break even point usually being 5 years.

The cost of not having solar panels in Cave Creek, AZ

Without solar panels or another backup power source, you miss out on the savings discussed previously and rely entirely on your electric utility for electricity. As we've seen in many recent news reports, full reliance on your utility isn't always ideal.

Recently, the average number of utility outages per customer in Cave Creek has been 0.89 annually. Outages generally last for an average of 84.05 minutes. During major occurrences like landslides, aging infrastructure, or construction accidents, these times can extend significantly.

Whether or not a backup battery is included, a solar panel system could help ease the impact of future power outages you might face.

Power Outages

Currently, 0 customers are being tracked in Maricopa County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Cave Creek, AZ?

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt decreases as the size of the system increases. Many people find it useful to install a solar energy system that can replace their entire electric bill. This results in optimal savings.

Make & Model - There are a variety of makes and models of solar panels and mounting equipment. Taking into account the certain brand preferences an installer might have, picking a reputable contractor is important. Choosing superior quality equipment usually provides a more favorable long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. They have a higher price, but they provide more energy. Most solar panel installers choose this type of material.

Your Property - Trees, sloped land, or additional considerations can increase the complexity of the installation. Nowadays, the majority of solar installers can assess your home with satellite images and incorporate these elements in the preliminary cost estimate.

Labor Rates - Companies compensate their employees in varying amounts, and these costs are passed down to consumers. Higher wages frequently lead to companies getting better reviews for their services and customer service.

Permitting & Interconnection - The local permitting and utility interconnection fees, which vary by region, will affect your final installation price. Quality installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other AZ cities

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Who are the best solar installers in Cave Creek?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Erus Energy

Phoenix, AZ(844) 272-8336

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.

ABCO Solar

Tucson, AZ(800) 292-2280

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Solgen Power

Pasco, WA(855) 220-0778

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Sunny Energy

Tempe, AZ(480) 257-3283

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Sunlink Energy

Maricopa, AZ(480) 624-8105

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Solar Gain

Tucson, AZ(520) 822-8377

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Rooftop Solar

Flagstaff, AZ(928) 213-5670

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Hunt Electric

Salt Lake City, UT(801) 975-8844

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Entero Energy

Austin, TX(512) 551-0742

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

CNR Electric

Mesa, AZ(480) 737-1524

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Reparation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Fusion Power

Chandler, AZ(844) 387-6797

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.

Sun Logix Energy

Palm Desert, CA(760) 531-4400

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

PE Solar

Tempe, AZ(480) 264-0690

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

KGT Renewables

Phoenix, IL

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Sun Valley Solar Solutions

Chandler, AZ(480) 689-5000

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.

Cave Creek, AZ Solar Panel Cost FAQs

  • The average solar panel cost in Cave Creek, AZ as of October, 2024 is estimated at $2.81/W. Post federal tax credit, a 5 kW solar panel system installation in Cave Creek, AZ will roughly cost $9,835.
  • Currently, Arizona residents can benefit from 12 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.
  • Paying cash provides the most savings, yet there are many financing options available today for solar panels that are also beneficial. Financing options are frequently available through installers and will be included in your initial quotes.
  • Yes, the average 5 kW solar panel payback time in Cave Creek, AZ is 5 years, with expected savings of $29,292.2 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01