Solar Panels Cost 6.1k-14k in Lake Havasu City, AZ | October, 2024

Solar Panels Cost $6.1k-$14k in Lake Havasu City, AZ | October, 2024

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How much do solar panels cost in Lake Havasu City, AZ in 2024?

You'll spend, on average, $2.91 per watt in Lake Havasu City, AZ in the month of October, 2024 to go solar.

Using the rate per watt, we are able to come to the conclusion that for every 1 kW (1000 watts) your solar panels can produce, you will have to spend, on average, $2,910 to have it installed. On average, the expense of a 5 kW solar system in Lake Havasu City, after you subtract 30% federal tax credit, is around $10,185. To fully meet your energy demands, you could require more than a 5kW system.

On the left, select your county to view the typical roof size and the maximum production capacity for residential solar on houses in your area. Additionally, you can also see an outline of the costs, payback period and 20 year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Lake Havasu City: $10,185US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Lake Havasu City: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Lake Havasu City: $17,646US Average: $15,784

Solar Potential in Lake Havasu City

Estimated system size and solar electricity production per median viable roof in
Lake Havasu City.

Roof size 1,484sq. ft.
Capacity 20.75kW DC
Electricity 32.7kkWh AC per yr.

Electricity Costs in Lake Havasu City, AZ & What that Means for Your Solar Panel Pricing

For Lake Havasu City residents, the average monthly kWh usage is 909, with an standard electric bill of $134.15. Keep in mind that apartments and smaller dwellings, which generally have reduced energy consumption, are included in this statistic.

For October 2024, Lake Havasu City, AZ's mean electricity rate is 14.75¢ per kWh.

To fully meet the energy needs of an average user in Lake Havasu City, a solar system of 7 kW or larger is needed. Before any incentives, a 7 kWsolar panel system will cost around $20,370, but with a 30% federal tax credit, the price drops to $14,259.

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Average solar panel costs by system size in Lake Havasu City

Visible below and to the left is the pricing breakdown for multiple sizes of the solar panel systems in Lake Havasu City. As expected, a larger solar system implies a greater initial expense, but it also results in more significant electricity savings and more substantial income tax credits.

The solar panel cost calculator below and to the right analyzes costs and benefits, based on an average $134.15 electric bill in Lake Havasu City For a more accurate estimate, swap the $134.15 with your average electricity bill amount.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $814 a year
Est. Price
$6,111
Savings from a 3kWthis system
  • Est. yearly production 5,429 kWh
  • Est. monthly savings $68
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.85 tons a year
  • Equivalent to planting 85 trees a year
  • Equivalent to driving 4,583 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,086 a year
Est. Price
$8,148
Savings from a 4kWthis system
  • Est. yearly production 7,239 kWh
  • Est. monthly savings $90
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.47 tons a year
  • Equivalent to planting 113 trees a year
  • Equivalent to driving 6,111 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,357 a year
Est. Price
$10,185
Savings from a 5kWthis system
  • Est. yearly production 9,048 kWh
  • Est. monthly savings $113
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.09 tons a year
  • Equivalent to planting 142 trees a year
  • Equivalent to driving 7,639 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,629 a year
Est. Price
$12,222
Savings from a 6kWthis system
  • Est. yearly production 10,858 kWh
  • Est. monthly savings $134
  • Full payback in 8 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
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,900 a year
Est. Price
$14,259
Savings from a 7kWthis system
  • Est. yearly production 12,668 kWh
  • Est. monthly savings $134
  • Full payback in 9 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

Lake Havasu City Solar Panel Installation Incentives & Rebates | 2024

Between 80% and 100% of your solar or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. If you think you might be eligible, try our REAP Grant eligibility tool to confirm your qualification.

Most residents are eligible for the 30% federal income tax credit for residential solar, making it a viable option in numerous states throughout the country. On top of that, there are various state and local incentives to further encourage the adoption of solar energy.

Arizona offers 12 solar rebate and incentive programs through multiple utilities and government entities.

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 planning to remain in their homes after the solar system's payback period, adding solar panels is a obvious choice in Lake Havasu City. A 5 kW solar system in Lake Havasu City, AZ could potentially save you $22,011 over the course of 20 years, with the break even point typically at 6 years.

The cost of not having solar panels in Lake Havasu City, AZ

Beyond forgoing the savings noted above, the absence of solar panels or an alternative backup energy solution leads to total dependency on your electric utility for power. Total reliance on your utility isn't always the best scenario as the news has recently shown.

Annually, customers in Lake Havasu City face approximately 1.24 outages each year. The average length of an outage is 77.2 minutes. In events like overloaded power grids, winter storms or vandalism, this duration can extend significantly.

Even without a backup battery, a solar panel system could alleviate the burden of potential future power disruptions you may face.

Power Outages

Currently, 0 customers are being tracked in Mohave County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Lake Havasu City, AZ?

Your Energy Needs - The cost per watt is decreased with larger solar panel systems, even though the initial cost is higher. Numerous people find it beneficial to set up a solar energy system that can offset their entire electric bill. This ensures optimal savings.

Make & Model - Solar panels and mounting equipment, like many other products, come in different makes and models. The preferences for system that your installer has may make it essential to choose a reputable company. Consumers who opt for superior materials generally enjoy a better long-term experience.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. They are pricier but produce more energy. The majority of professionals in solar installation use panels crafted from this material.

Your Property - No two properties or homes are the same. Rough terrain, trees, or additional hindrances can make the installation process more challenging. The majority of solar installers today are able to use satellite imagery to assess your home and incorporate these elements in the first cost estimate.

Labor Rates - Employees get varied wages from different companies, and these costs are borne by the consumers. Companies that pay higher wages often receive higher reviews for their work and customer service.

Permitting & Interconnection - Installation costs will be affected by different local permitting and utility interconnection fees, depending on the region. Quality local installers will include these numbers into your first quotes to prevent any surprises.

See what solar panels cost in other AZ cities

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Who are the best solar installers in Lake Havasu City?

Freedom Forever

Temecula, CA(800) 685-1850

Services

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

Powur PBC

Del Mar, CA(866) 467-6987

Services

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

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

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

Sunny Energy

Tempe, AZ(480) 257-3283

Services

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

Sunlink Energy

Maricopa, AZ(480) 624-8105

Services

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

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

Solar Gain

Tucson, AZ(520) 822-8377

Services

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

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

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

Entero Energy

Austin, TX(512) 551-0742

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Fusion Power

Chandler, AZ(844) 387-6797

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

Sunrun

San Francisco, CA(833) 394-3384

Services

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

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

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

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

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

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

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

Sun Valley Solar Solutions

Chandler, AZ(480) 689-5000

Services

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

Badass Energy

Claremont, CA(909) 320-9860

Services

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

Lake Havasu City, AZ Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Lake Havasu City, AZ has reached $2.91/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Lake Havasu City, AZ is roughly $10,185.
  • There are 12 rebates and incentives available in Arizona from a range of utility providers and government organizations. Additionally, the vast majority qualify for the 30% federal tax credit.
  • Even though cash payments provide the greatest savings, many financing options for solar panels today are also cost-effective. Installers will often include details on financing partners in the quotes they provide initially.
  • Yes, the typical payback time for 5 kW solar panel systems in Lake Havasu City, AZ is 6 years, and the expected electricity cost savings over 20 years is $22,011.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01