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.Using this figure, a typical 5.2-kW system would cost about $11,072 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 needs, the type of equipment you want to get, your solar contractor and more.Even with the significant initial cost, the average Gold Canyon homeowner can save about $24,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar installer in your area for a customized quote.
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
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your swap to solar power much easier. Plus, if you aren’t sure what brand of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers nearby:
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
Best Technology
Tesla Energy
- 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
See all of the solar companies in Gold Canyon
Factors that Affect Solar Panel Costs in Gold Canyon
Though the average cost of a solar system in Gold Canyon is $11,072, your actual cost may differ. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation 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 $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 opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Gold Canyon, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Gold Canyon are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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
There are numerous companies to choose from in Gold Canyon, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
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
Best Technology
Tesla Energy
- 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
EcoWatch's Gold Canyon, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Gold Canyon?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Gold Canyon?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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 savings from going solar.
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 power bills.
How long do solar panels last in Gold Canyon?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.