Solar Panels Cost 9.8k-19k in Rexburg, ID | October, 2024

Solar Panels Cost $9.8k-$19k in Rexburg, ID | October, 2024

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

Going solar averages out to $3.51 per watt in Rexburg, ID in October, 2024.

Applying this cost, we are able to conclude that for every 1 kW (1000 watts) your solar panel system can generate, you will need to spend, on average, $3,510 for its installation. A 5 kW solar installation in Rexburg is typically approximately $12,285 after accounting for the 30% federal income tax credit. Remember, a larger system may be necessary to satisfy your energy needs effectively.

On the left side, choose your county to see the average roof size and the maximum capacity of solar panels for homes in your area. Displayed below is a summary of the price, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Rexburg: $12,285US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Rexburg: 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.
Rexburg: $9,752US Average: $15,784

Solar Potential in Rexburg

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

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

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

The average electricity cost for Rexburg consumers is $113.76 per month, with a usage of 1,013 kWh. Compact apartments are also encompassed in the figures noted in the previous sentence. The lower energy use in these types of residences impacts those averages.

In October 2024, the electricity rate in Rexburg, ID averages 11.23¢ per kWh.

In Rexburg, an average electricity consumer's needs probably will be completely accounted for by a solar system of 8 kW or higher. Before any incentives, an 8 kWsetup will cost approximately $28,080, but with a 30% federal tax credit, the price drops to $19,656.

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Average solar panel costs by system size in Rexburg

Presented on the left, you will find a price breakdown for different solar panel system sizes set up in Rexburg. Although a more extensive solar installation does come with a larger expense, it also offers greater electricity savings and higher income tax credits.

In the calculator provided down and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $113.76 electric bill for Rexburg. For a more detailed estimate, change the $113.76 with your average electricity bill amount.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $695 a year
Est. Price
$9,828
Savings from a 4kWthis system
  • Est. yearly production 6,314 kWh
  • Est. monthly savings $58
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 1.09 tons a year
  • Equivalent to planting 50 trees a year
  • Equivalent to driving 2,706 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $868 a year
Est. Price
$12,285
Savings from a 5kWthis system
  • Est. yearly production 7,893 kWh
  • Est. monthly savings $72
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 1.37 tons a year
  • Equivalent to planting 63 trees a year
  • Equivalent to driving 3,383 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,042 a year
Est. Price
$14,742
Savings from a 6kWthis system
  • Est. yearly production 9,472 kWh
  • Est. monthly savings $87
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 1.64 tons a year
  • Equivalent to planting 75 trees a year
  • Equivalent to driving 4,059 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,216 a year
Est. Price
$17,199
Savings from a 7kWthis system
  • Est. yearly production 11,050 kWh
  • Est. monthly savings $101
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 1.91 tons a year
  • Equivalent to planting 88 trees a year
  • Equivalent to driving 4,736 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,389 a year
Est. Price
$19,656
Savings from a 8kWthis system
  • Est. yearly production 12,629 kWh
  • Est. monthly savings $114
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 2.15 tons a year
  • Equivalent to planting 99 trees a year
  • Equivalent to driving 5,330 mi less a year

Rexburg Solar Panel Installation Incentives & Rebates | 2024

For rural farms and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing solar energy or wind energy systems. Think you might be eligible? Confirm your qualification with our REAP Grant eligibility tool.

With the availability of a 30% federal income tax credit, solar energy becomes a practical solution for nearly all homeowners, notably in various parts of the country. Alongside federal incentives, there are many state and local efforts to support solar energy adoption.

Idaho residents have access to 7 solar rebate and incentive programs from different utilities and governmental organizations.

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 plan is to stay in your home past the time it takes to pay off your solar system, installing solar panels is a good move in Rexburg. A 5 kW solar system in Rexburg, ID might save you an average of $15,017.4 over 20 years, with the break even point usually being 9 years.

The cost of not having solar panels in Rexburg, ID

The lack of solar panels or an alternative energy backup means you'll miss out on the earlier mentioned savings and be entirely reliant on your electric utility for power. The news has given several examples showing that total dependence on your utility isn't always the best idea.

Residents in Rexburg have encountered an average of 0.74 utility outages per year in recent times. The average duration of each outage is 75.54 minutes. During severe events like construction accidents, overloaded power grids or hurricanes, these times can grow significantly longer.

A solar panel system, whether or not it has a backup battery, could help reduce the impact of future outages you might encounter.

Power Outages

Currently, 0 customers are being tracked in Madison County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems come with a greater upfront cost, but the price per watt is reduced. Individuals often find that installing a solar system that can replace their electric bill is very advantageous. This method leads to maximum savings.

Make & Model - Just like other industries, the solar energy sector features a wide range of solar panel and mounting equipment brands and designs. Given the particular system preferences an contractor might have, selecting a highly rated contractor is crucial. The utilization of high-quality materials is likely to result in a more favorable long-term experience for buyers.

Solar Panel Type - It's obvious why monocrystalline panels are now the preferred option in the industry. These panels are more expensive, yet they provide more energy. Many installers tend to utilize panels made from this material.

Your Property - Every property and home is distinct. Sloped land, trees, or other considerations can make the installation more difficult. Many solar installers these days are able to utilize satellite imagery to assess your home and factor in these aspects in the initial cost estimate.

Labor Rates - Companies offer different wages to their employees, and these costs are eventually borne by the consumers. Often, businesses paying more in wages also enjoy higher ratings for their services and customer service.

Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Reliable installers will factor these costs into your initial quotes to prevent unexpected expenses.

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Who are the best solar installers in Rexburg?

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

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

Hunt Electric

Salt Lake City, UT(801) 975-8844

Services

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

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

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

Fluent Solar

Lindon, UT(866) 736-1253

Services

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

Knight Electric

Ogden, UT(801) 782-8219

Services

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

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

Infinity Energy

Rocklin, CA(888) 244-2513

Services

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

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

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

Rexburg, ID Solar Panel Cost FAQs

  • As of October, 2024, the average cost for solar panels in Rexburg, ID is $3.51/W. For a 5 kW solar panel system, the total cost in Rexburg, ID after federal tax credits is around $12,285.

  • Residents of Idaho can currently take advantage of 7 rebates and incentives offered by various utilities and government bodies. Moreover, the 30% federal tax credit is accessible to nearly everyone.

  • Although cash payments offer the greatest savings, numerous financing options for solar panels now exist that are also beneficial. Many installers work with financing partners and will include this information in your initial quotes.

  • Yes, homeowners in Rexburg, ID can expect 5 kW solar panels to pay off in 9 years, with an estimated $15,017.4 in electricity savings during a 20-year span.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01