Solar Panels Cost 7.3k-17k in Hailey, ID | October, 2024

Solar Panels Cost $7.3k-$17k in Hailey, ID | October, 2024

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How much do solar panels cost in Hailey, ID in 2024?

In Hailey, ID, the cost per watt for solar panel installations is around $3.51 per watt in October, 2024.

It will cost $3,510, on average, for every 1000 watts (1 kW) your solar system is able to generate. When you deduct the 30% federal tax credit, the cost of a 5 kW solar system in Hailey generally comes out to around $12,285. Please consider, a 5kW system may not be big enough to adequately cover your energy consumption.

To the left, you can choose your county to find the average roof size and the average maximum capacity for solar panel systems on homes in your area. The following overview, below, highlights 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.
Hailey: $12,285US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Hailey: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Hailey: $8,353US Average: $15,784

Solar Potential in Hailey

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

Roof size 787sq. ft.
Capacity 11kW DC
Electricity 15.3kkWh AC per yr.

Electricity Costs in Hailey, ID & What that Means for Your Solar Panel Pricing

Hailey residents typically consume 908 kWh of electricity each month, with bills around $107.93. It’s worth noting that this number accounts for apartments and other smaller dwellings, which generally require lower energy consumption.

In October 2024, the electricity rate in Hailey, ID is on average 11.89¢ per kWh.

In Hailey, a system size of 7 kW or larger is a must for the typical electricity consumer to account for their full energy needs. At this time, a 7 kW solar panel system will initially set you back around $24,570, but the 30% tax credit lowers the cost to $17,199.

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Average solar panel costs by system size in Hailey

On the left, you will find a cost breakdown for various solar panel system sizes set up in Hailey. Of course, a bigger solar system implies a higher upfront cost, but it also leads to greater electricity savings and higher income tax credits.

The calculator below and to the right gives a detailed summary of solar panel costs and benefits, based on an average electric bill of $107.93 in Hailey. For tailored results, update the $107.93 to whichever your usual electricity bill is.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $568 a year
Est. Price
$7,371
Savings from a 3kWthis system
  • Est. yearly production 4,736 kWh
  • Est. monthly savings $47
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 0.9 tons a year
  • Equivalent to planting 41 trees a year
  • Equivalent to driving 2,236 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $758 a year
Est. Price
$9,828
Savings from a 4kWthis system
  • Est. yearly production 6,314 kWh
  • Est. monthly savings $63
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 1.2 tons a year
  • Equivalent to planting 55 trees a year
  • Equivalent to driving 2,981 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $947 a year
Est. Price
$12,285
Savings from a 5kWthis system
  • Est. yearly production 7,893 kWh
  • Est. monthly savings $79
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 1.51 tons a year
  • Equivalent to planting 69 trees a year
  • Equivalent to driving 3,726 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,137 a year
Est. Price
$14,742
Savings from a 6kWthis system
  • Est. yearly production 9,472 kWh
  • Est. monthly savings $95
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 1.81 tons a year
  • Equivalent to planting 83 trees a year
  • Equivalent to driving 4,472 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,326 a year
Est. Price
$17,199
Savings from a 7kWthis system
  • Est. yearly production 11,050 kWh
  • Est. monthly savings $108
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 2.06 tons a year
  • Equivalent to planting 95 trees a year
  • Equivalent to driving 5,099 mi less a year

Hailey Solar Panel Installation Incentives & Rebates | 2024

Rural small business owners and farmers could receive REAP Grant funding covering between 80% and 100% of their solar energy or wind turbine installation costs. Think you fit this category? Confirm your qualification with our REAP Grant eligibility tool.

For those looking into residential solar, the 30% federal income tax credit is available to nearly everyone, which makes solar a sensible option in many states. In conjunction with federal efforts, state and local programs help to support the use of solar power.

A total of 7 solar rebates and incentives are available in Idaho through different utility companies and government departments.

Questar Gas - Residential Energy Efficiency Rebate Programs

Value:Up to $50

Residential Questar Gas customers may be entitled to financial incentives for energy-efficient equipment or upgrades through the ThermWise program. Eligible projects will vary from time to time. Currently, HVAC and water heating/boiler systems, windows, insulation/weatherization, smart thermostats, and certain kitchen or laundry appliances may earn a rebate. To qualify, the equipment should conform to Questar's own standards and be installed by a participating program contractor. Additional information is available on the ThermSafe website.

Questar Gas - Home Builder Rebate Program

Value:Up to $50

Homebuilders in the Questar Gas service area are incentivized to follow energy-efficient building standards through the ThermSafe program. Rebates are offered for whole-house construction and specific parts and equipment. For the latter option, eligible projects will vary from time to time. Additional information and application forms are available from the ThermSafe website.

Questar Gas - Commercial Energy Efficiency Rebate Program

Value:Up to $75

Commercial Questar Gas customers may be entitled to financial incentives for energy-efficient equipment or building upgrades through the ThermWise program. Eligible projects will vary from time to time. Currently, HVAC and water heating systems, insulation/weatherization, and kitchen or laundry appliances may earn a rebate. The standard rebate amount is $1/saved therm for the first year, with a hard maximum of up to half of project costs. To apply, a business should submit a proposal with quantified details of expected gas usage reduction. Only projects approved with the proposal are eligible for incentives. Additional information is available from the ThermSafe website.

Idaho Power - Net Metering

Value:Varies

Idaho Power (IDP) is one of three Idaho utilities that may sign independent net metering contracts with renewable energy customers. Eligible generation technologies for net metering include solar, wind, biomass, fuel cell, and hydroelectric. At the beginning of the contract period, IDP will install or activate a bidirectional meter tracking net excess generation (NEG) sent back to the grid. Customers will receive monthly bill credits for NEG at a fixed rate. Should generation exceed consumption for a certain billing cycle, credits roll forward through the end of the year, at which point IDP will mail the customer a check for the outstanding amount. Certain capacity ceilings apply. Additional information is available through the IDP website.

Avista Utilities - Net Metering

Value:Varies

Avista Power is one of three Idaho utilities that may sign independent net metering contracts with renewable energy customers. Eligible generation technologies for net metering include solar, wind, biomass, fuel cell, and hydroelectric. At the beginning of the contract period, Avista will install or activate a bidirectional meter tracking net excess generation (NEG) sent back to the grid. Customers will receive monthly bill credits for NEG at a fixed rate. Should generation exceed consumption for a certain billing cycle, credits roll forward through the end of the year, at which point Avista will mail the customer a check for the outstanding amount. Certain capacity ceilings apply. Additional information is available through the Avista website.

Low-Interest Energy Loan Programs

Value:Varies

Residents and businesses in Idaho may be eligible for special financing on energy efficiency improvements through the State Energy Loan Program (SELP). Projects that qualify for loans include lighting, windows, insulation/weatherization, HVAC, certain large appliances, and new renewable energy systems (solar PV, small turbines, etc.) SELP applicants are subject to standard credit checks and must provide property or equipment collateral to secure the loan. Once approved, interest rates remain at 4% for a maximum 5-year payment term. A $100 (residential) or $250 (commercial) administrative fee must be paid between project approval and the credit check. Additional information is available from the Idaho Office of Energy Resources website.

Rocky Mountain Power - Net Metering

Value:Varies

Rocky Mountain Power is one of three Idaho utilities that may sign independent net metering contracts with renewable energy customers. Eligible generation technologies for net metering include solar, wind, biomass, fuel cell, and hydroelectric. At the beginning of the contract period, RMP will install or activate a bidirectional meter tracking net excess generation (NEG) sent back to the grid. Customers will receive monthly bill credits for NEG at a fixed rate. Should generation exceed consumption for a certain billing cycle, credits roll forward through the end of the year, at which point RMP will mail the customer a check for the outstanding amount. Certain capacity ceilings apply. Additional information is available through the RMP website.

Are solar panels worth it in Idaho?

If your intention is to stay in your home beyond the solar payback period, investing in solar panels is a smart option in Hailey. A 5 kW solar system in Hailey, ID might save you an average of $13,618.2 over 20 years, with the break even point generally being 9 years.

The cost of not having solar panels in Hailey, ID

The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. The news has recently pointed out that complete dependence on your utility isn't always ideal.

Recently, the average number of utility outages per customer in Hailey has been 0.97 annually. Each outage, on average, lasts for 140.25 minutes. In the case of major events like aging infrastructure, earthquakes or planned maintenance, this period can rise substantially.

With or without a backup battery, a solar panel system could mitigate the effects of future power interruptions you might experience.

Power Outages

Currently, 0 customers are being tracked in Blaine County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Hailey, ID?

Your Energy Needs - Larger solar panel systems have a larger upfront cost, but the cost per watt decreases as the system size expands. Installing a solar panel system that can replace the electric bill is useful to homeowners because of the money saved.

Make & Model - Solar panels and mounting equipment, like many other products, are available in a variety of makes and models. The brand preferences of your selected installer can make it essential to choose a highly rated company. Buyers often find that employing better quality makes and models leads to a more satisfactory long-term experience.

Solar Panel Type - It's no surprise that monocrystalline panels are now the standard in the industry. They come with a higher price, but they provide more energy. Many solar panel installers prefer this type of material.

Your Property - Elements like sloped land, trees, or additional hurdles might complicate the installation process. Solar installers currently have the ability to use satellite images to evaluate your home and incorporate these factors in the preliminary cost estimate.

Labor Rates - The different employee wages paid by companies lead to costs that consumers ultimately bearing . Companies that invest in higher wages often see higher reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. Reliable installers will factor these costs into your first quotes to prevent unexpected expenses.

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Who are the best solar installers in Hailey?

Freedom Forever

Temecula, CA(800) 685-1850

Services

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

Douglass Colony Group

Commerce City, CO(877) 288-0650

Services

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

Powur PBC

Del Mar, CA(866) 467-6987

Services

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

RISE Power

Richardson, TX(855) 747-3769

Services

  • 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.

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.

Creative Energies

Salt Lake City, UT(801) 487-6489

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Great Solar Works!

Hailey, ID(208) 721-7003

Services

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

Fluent Solar

Lindon, UT(866) 736-1253

Services

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

Knight Electric

Ogden, UT(801) 782-8219

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

Altenergy

Charlottesville, VA(434) 293-3763

Services

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

Infinity Energy

Rocklin, CA(888) 244-2513

Services

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

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

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

Hailey, ID Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Hailey, ID is $3.51/W. With the federal tax credit, the cost of a 5 kW solar panel system in Hailey, ID drops to roughly $12,285.

  • There are 7 rebates and incentives available in Idaho from a range of utility providers and government organizations. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • Paying cash offers the most savings, yet there are several financing options available today for solar panels that are also advantageous. Financing options are frequently available through installers and will be specified in your initial quotes.

  • Yes, on average, 5 kW solar panels in Hailey, ID pay for themselves in 9 years, with homeowners saving approximately $13,618.2 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01