Solar Panel Cost Guide in Golden Valley, AZ (Jan 2023)
- Golden Valley Solar Installation Cost: $9,829
- 25-Year Savings: $16,381
- Payback Period: 9.4 Years
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Top Solar Installers in Golden Valley
When switching to solar energy, many homeowners opt to go with a solar installation company since putting up a solar system yourself can be a challenging project. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
If you're looking for a solar installer in Golden Valley, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Golden Valley
Factors that Affect Solar Panel Costs in Golden Valley
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Golden Valley: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
The size of the solar energy 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 nearly $2,610. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Golden Valley, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Golden Valley provide solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also adds to your all-in costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Golden Valley, and each can charge varying amounts for labor and equipment. Additionally, some companies in Golden Valley know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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||$2.71||$11,400||$17,834||9.7 years|
|8 kW||$2.66||$14,908||$24,072||9.6 years|
|10 kW||$2.61||$18,270||$30,455||9.4 years|
|12 kW||$2.56||$21,486||$36,984||9.2 years|
|14 kW||$2.51||$24,555||$43,660||9.0 years|
|16 kW||$2.45||$27,478||$50,482||8.8 years|
|18 kW||$2.40||$30,255||$57,450||8.6 years|
|20 kW||$2.35||$32,886||$64,564||8.4 years|
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on 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 company, make sure to read it through fully 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 if there are any guarantees about energy production.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
EcoWatch's Golden Valley, AZ Solar Cost FAQs
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.