Solar Panel Cost Guide in Coolidge, AZ (2023 Update)
- Coolidge Solar Installation Cost: $9,409
- 25-Year Savings: $24,845
- Payback Period: 6.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Coolidge
We go over average solar pricing in Coolidge.
While the national average of solar panels is $2.66 per watt, solar panels in Coolidge typically cost around 2.61. The average solar panel system size in Coolidge is around 5.2 kilowatts, meaning a cost of about $9,409 for a solar installation, or $13,455 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary based on several factors, such as how many panels you need, your energy consumption and what company you go with. For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Coolidge see about $25,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Coolidge
| Year | Return on Investment |
|---|---|
| 1 years | $-8,039 |
| 3 years | $-5,299 |
| 5 years | $-2,558 |
| 7 years | $182 |
| 9 years | $2,923 |
| 11 years | $5,663 |
| 13 years | $8,403 |
| 15 years | $11,144 |
| 17 years | $13,884 |
| 19 years | $16,624 |
| 21 years | $19,365 |
| 23 years | $22,105 |
| 25 years | $24,845 |
Top Solar Installers in Coolidge
Trying to put up solar panels yourself can be a time-consuming project, which is why hiring a solar installer is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar contractor too, which can save you more money after your initial investment.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Coolidge
Factors that Affect Solar Panel Costs in Coolidge
For many Coolidge homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Coolidge, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Coolidge average.
Solar Financing Terms
Most solar companies in Coolidge have solar loans, which reduce your upfront costs of installing a solar system. Even though solar loans make switching to solar energy more accessible for Coolidge homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can play a role in determining the cost. Coolidge's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $28,490 | 7.1 years |
| 8 kW | $2.66 | $14,908 | $38,279 | 7.0 years |
| 10 kW | $2.61 | $18,270 | $48,214 | 6.9 years |
| 12 kW | $2.56 | $21,486 | $58,296 | 6.7 years |
| 14 kW | $2.51 | $24,555 | $68,523 | 6.6 years |
| 16 kW | $2.45 | $27,478 | $78,897 | 6.5 years |
| 18 kW | $2.40 | $30,255 | $89,417 | 6.3 years |
| 20 kW | $2.35 | $32,886 | $100,083 | 6.2 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Coolidge, AZ Solar Cost FAQs
How much does it cost to install solar panels in Coolidge?
The average cost of solar panels in Coolidge is about $13,050 for a 5-kW system and $26,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Coolidge?
A solar panel system isn't free in Coolidge, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Coolidge is currently $142,561, which means you can expect a value of about $5,845 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Coolidge is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.