Solar Panel Cost Guide in Gold Canyon, AZ (2023 Update)

  • Gold Canyon Solar Installation Cost: $9,413
  • 25-Year Savings: $23,054
  • Payback Period: 7.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Gold Canyon

Let's have a look at the average cost of solar in Gold Canyon.

While the national average of solar panels is $2.66 per watt, solar panels in Gold Canyon typically cost about 2.61. Because a 5.2-kW system is needed to cover the energy consumption of a typical home in Gold Canyon, the average price of going solar will be about $9,409 after claiming the federal solar tax credit of 30%.

These figures are only averages, and the cost of going solar for you will most likely look different based on your energy needs and what company you go with. Despite the significant initial cost, the average Gold Canyon homeowner can save around $24,000 on their electricity bills over 20 years, which is one of the advantages of solar.

Click the button below to get connected to a vetted solar company in Gold Canyon for a custom estimate.

Solar savings over time in Gold Canyon

Year Return on Investment
1 years $-9,305
3 years $-9,088
5 years $-8,872
7 years $-8,656
9 years $-8,439
11 years $-8,223
13 years $-8,006
15 years $-7,790
17 years $-7,573
19 years $-7,357
21 years $-7,141
23 years $-6,924
25 years $-6,708

Top Solar Installers in Gold Canyon

Installing solar panels on your own can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be invaluable as well, especially if you aren't sure what kind of solar equipment you need.

If you're looking for a solar installer in Gold Canyon, we've compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Warranty Coverage

ADT Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Gold Canyon

Factors that Affect Solar Panel Costs in Gold Canyon

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Gold Canyon: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,610. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Gold Canyon average.

Solar Financing Terms

Many homeowners find the average cost of solar in Gold Canyon to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. While solar loans make switching to solar energy more accessible for Gold Canyon homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Gold Canyon, and each can charge varying amounts for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — 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're looking for 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 $2.71 $11,400 $26,409 7.5 years
8 kW $2.66 $14,908 $35,504 7.4 years
10 kW $2.61 $18,270 $44,746 7.2 years
12 kW $2.56 $21,486 $54,133 7.1 years
14 kW $2.51 $24,555 $63,667 7.0 years
16 kW $2.45 $27,478 $73,347 6.8 years
18 kW $2.40 $30,255 $83,173 6.7 years
20 kW $2.35 $32,886 $93,145 6.5 years

How to Save on Solar Panels

The solar company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:

  • Installation Process: When making the switch to solar energy, it's necessary to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project completion timeline.
  • Solar Panel Brands: The kind of solar panel you want to install plays a role in which company you should opt for, since different companies offer different panels.
  • Contract: Before you sign a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Warranty Coverage

ADT Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

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 $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 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 cheaper solar panels.

Are solar panels free in Gold Canyon?

You can't get solar panels for free in Gold Canyon. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Does Gold Canyon have a net metering program?

Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How many solar panels do I need to power my home?

To figure out what solar panel system size you need, you should find out 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.

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