Solar Panel Cost Guide in Gold Canyon, AZ (Oct 2022)

  • Gold Canyon Solar Installation Cost: $9,409
  • 25-Year Savings: $23,058
  • Payback Period: 7.2 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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 $3. Using this figure, a typical 5.2 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 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 Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • 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 Size

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. 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

Solar Incentives in Gold Canyon

Name Solar and Wind Equipment Sales Tax Exemption
More Info Click here

Name Residential Solar and Wind Energy Systems Tax Credit
Incentive Amount 25%
Website Visit here
More Info Click here

Name Qualifying Wood Stove Deduction
More Info Click here

Name Energy Equipment Property Tax Exemption
More Info Click here

Name SRP - Solar Water Heating Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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 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 Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • 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 difficult question to answer precisely, because the cost depends on a few different factors. Generally 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 higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Is cost the most important consideration when buying solar panels?

Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Does Gold Canyon have a net metering program?

Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.

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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