Solar Panel Cost Guide in Goodyear, AZ (2024 Update)
- Goodyear Solar Installation Cost: $10,991
- 25-Year Savings: $25,077
- Payback Period: 8.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Goodyear
Let’s have a look at the average cost of solar in Goodyear.
The national average cost of solar panels is $2.66 per watt, but in Goodyear it’s 3 per watt.Using this figure, a typical 5.1-kW system would cost about $10,991 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of equipment you choose, your solar contractor and more.With average savings of about $26,000 on energy bills over 20 years, many homeowners in Goodyear find investing in solar has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Goodyear
| Year | Return on Investment |
|---|---|
| 1 years | $-9,326 |
| 3 years | $-5,995 |
| 5 years | $-2,664 |
| 7 years | $668 |
| 9 years | $3,999 |
| 11 years | $7,330 |
| 13 years | $10,661 |
| 15 years | $13,992 |
| 17 years | $17,323 |
| 19 years | $20,654 |
| 21 years | $23,985 |
| 23 years | $27,316 |
| 25 years | $30,647 |
Top Solar Installers in Goodyear
Although it's possible to install solar panels on your own, it involves extra time and handiness. That's why the majority of homeowners choose a solar panel installer. Also, if you’d like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
If you’d like to start using solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers near you:
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 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 Goodyear
Factors that Affect Solar Panel Costs in Goodyear
The cost of installing a solar system in Goodyear can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Goodyear, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $3,070 for each additional kilowatt you need.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 in the long run on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Goodyear average.
Solar Financing Terms
Most solar installers in Goodyear have solar loans, which reduce the initial cost of installing solar panels.While solar loans make adopting solar energy more accessible for Goodyear homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.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 cost more. It’s best to do some research and find a company that offers the products, warranties and services you want and also fits 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 | $3.19 | $13,410 | $26,971 | 8.3 years |
| 8 kW | $3.13 | $17,536 | $36,305 | 8.1 years |
| 10 kW | $3.07 | $21,490 | $45,811 | 8.0 years |
| 12 kW | $3.01 | $25,272 | $55,489 | 7.8 years |
| 14 kW | $2.95 | $28,883 | $65,338 | 7.7 years |
| 16 kW | $2.89 | $32,321 | $75,360 | 7.5 years |
| 18 kW | $2.82 | $35,587 | $85,554 | 7.3 years |
| 20 kW | $2.76 | $38,682 | $95,919 | 7.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
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 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 Goodyear, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Goodyear?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 opt 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.