Solar Panel Cost Guide in Gold Canyon, AZ (2023 Update)
- Gold Canyon Solar Installation Cost: $9,409
- 25-Year Savings: $23,058
- Payback Period: 7.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Gold Canyon
We go over average solar pricing in Gold Canyon.
Although the national average of solar panels is $2.66 per watt, solar panels in Gold Canyon generally cost about 2.61. Using this figure, a typical 5.2-kW system would cost about $9,409 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Gold Canyon homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Gold Canyon can save about $24,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar company in Gold Canyon for a customized estimate.
Solar savings over time in Gold Canyon
| Year | Return on Investment |
|---|---|
| 1 years | $-8,110 |
| 3 years | $-5,513 |
| 5 years | $-2,916 |
| 7 years | $-318 |
| 9 years | $2,279 |
| 11 years | $4,877 |
| 13 years | $7,474 |
| 15 years | $10,071 |
| 17 years | $12,669 |
| 19 years | $15,266 |
| 21 years | $17,863 |
| 23 years | $20,461 |
| 25 years | $23,058 |
Top Solar Installers in Gold Canyon
Trying to put up solar panels on your own can be a time-consuming task, which is why getting a solar installer is a good option for many homeowners. Plus, if you're not certain what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can install solar panels for you. 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 Gold Canyon
Factors that Affect Solar Panel Costs in Gold Canyon
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant 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. There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Gold Canyon, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Gold Canyon, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 panel company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Gold Canyon, AZ Solar Cost FAQs
How much does it cost to install solar panels in Gold Canyon?
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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Gold Canyon?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Gold Canyon have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces 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?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.