Solar Panel Cost Guide in Chandler, AZ (2023 Update)
- Chandler Solar Installation Cost: $9,336
- 25-Year Savings: $22,063
- Payback Period: 7.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Chandler
Let's have a look at the average cost of solar in Chandler.
The average cost of solar panels in Chandler is 2.61 per watt. Using this figure, a typical 5.1-kW system would cost about $9,336 before the 30% federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will differ based on factors unique to your home and what company you go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $23,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar company in Chandler that can help you get a more accurate cost estimate for your home.
Solar savings over time in Chandler
| Year | Return on Investment |
|---|---|
| 1 years | $-8,080 |
| 3 years | $-5,568 |
| 5 years | $-3,056 |
| 7 years | $-544 |
| 9 years | $1,968 |
| 11 years | $4,479 |
| 13 years | $6,991 |
| 15 years | $9,503 |
| 17 years | $12,015 |
| 19 years | $14,527 |
| 21 years | $17,039 |
| 23 years | $19,551 |
| 25 years | $22,063 |
Top Solar Installers in Chandler
Many homeowners decide to use a solar installer since trying to install solar panels yourself can be a lot of work. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
If you'd like to start using solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers near you:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Chandler
Factors that Affect Solar Panel Costs in Chandler
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Chandler: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,610. The model of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Chandler to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Chandler, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.71 | $11,400 | $25,434 | 7.7 years |
| 8 kW | $2.66 | $14,908 | $34,204 | 7.6 years |
| 10 kW | $2.61 | $18,270 | $43,120 | 7.4 years |
| 12 kW | $2.56 | $21,486 | $52,183 | 7.3 years |
| 14 kW | $2.51 | $24,555 | $61,391 | 7.1 years |
| 16 kW | $2.45 | $27,478 | $70,746 | 7.0 years |
| 18 kW | $2.40 | $30,255 | $80,247 | 6.8 years |
| 20 kW | $2.35 | $32,886 | $89,894 | 6.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Chandler, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Chandler?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,050 for a 5-kW system and $26,100 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Chandler?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.