Solar Panel Cost Guide in Gold Canyon, AZ (2024 Update)
- Gold Canyon Solar Installation Cost: $11,072
- 25-Year Savings: $23,054
- Payback Period: 8.5 Years
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Average Cost of Solar Panels in Gold Canyon
We go over average solar pricing in Gold Canyon.
The national average cost of solar panels is $2.66 per watt, but in Gold Canyon it’s 3 per watt.The average solar panel system size in Gold Canyon is around 5.2 kilowatts, meaning a cost of about $11,072 for a solar installation, or $15,833 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar system you want, your solar contractor and more.Many homeowners find installing a solar system is a sound investment. The average homeowner in Gold Canyon can save around $24,000 on their energy bills over 20 years.
To get a free quote from a vetted solar installer in Gold Canyon, you can click the button below.
Solar savings over time in Gold Canyon
| Year | Return on Investment |
|---|---|
| 1 years | $-9,520 |
| 3 years | $-6,414 |
| 5 years | $-3,309 |
| 7 years | $-204 |
| 9 years | $2,902 |
| 11 years | $6,007 |
| 13 years | $9,112 |
| 15 years | $12,217 |
| 17 years | $15,323 |
| 19 years | $18,428 |
| 21 years | $21,533 |
| 23 years | $24,639 |
| 25 years | $27,744 |
Top Solar Installers in Gold Canyon
Many homeowners choose to use a solar installation company since trying to put up solar panels by yourself can be hard. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for your family.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Gold Canyon
Factors that Affect Solar Panel Costs in Gold Canyon
For many Gold Canyon homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Gold Canyon, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,070. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Gold Canyon homeowners decide to finance their solar panel systems to offset upfront costs.While solar loans make going solar more accessible for Gold Canyon homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. 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
The solar company you opt for to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies operating in Gold Canyon, and each can charge varying amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that has the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.19 | $13,410 | $24,400 | 8.9 years |
| 8 kW | $3.13 | $17,536 | $32,877 | 8.7 years |
| 10 kW | $3.07 | $21,490 | $41,526 | 8.5 years |
| 12 kW | $3.01 | $25,272 | $50,346 | 8.4 years |
| 14 kW | $2.95 | $28,883 | $59,339 | 8.2 years |
| 16 kW | $2.89 | $32,321 | $68,504 | 8.0 years |
| 18 kW | $2.82 | $35,587 | $77,841 | 7.8 years |
| 20 kW | $2.76 | $38,682 | $87,349 | 7.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly influences your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Gold Canyon, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Gold Canyon?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other 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 go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Gold Canyon?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Does Gold Canyon have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.