Solar Panel Cost Guide in Goodyear, AZ (2023 Update)
- Goodyear Solar Installation Cost: $9,336
- 25-Year Savings: $25,086
- Payback Period: 6.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Goodyear
Let's take a look at the average cost of solar panels in Goodyear.
While the national average of solar panels is $2.66 per watt, solar panels in Goodyear typically cost around 2.61. The average solar panel system size in Goodyear is around 5.1 kilowatts, meaning a cost of about $9,336 for a solar installation, or $13,350 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs may look different based on the amount of energy your home requires and what company you want to go with. Even with the large upfront cost, the average Goodyear homeowner can save about $26,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Goodyear
| Year | Return on Investment |
|---|---|
| 1 years | $-7,959 |
| 3 years | $-5,205 |
| 5 years | $-2,452 |
| 7 years | $302 |
| 9 years | $3,056 |
| 11 years | $5,810 |
| 13 years | $8,563 |
| 15 years | $11,317 |
| 17 years | $14,071 |
| 19 years | $16,825 |
| 21 years | $19,578 |
| 23 years | $22,332 |
| 25 years | $25,086 |
Top Solar Installers in Goodyear
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar company can make your switch to solar power much easier. Companies can also offer access to quality options of the best solar panels and help you choose which one will be best for your home.
If you're looking for a solar installer in Goodyear, we've organized a list of our top suggestions here:
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 Goodyear
Factors that Affect Solar Panel Costs in Goodyear
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Goodyear: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,610. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Goodyear average.
Solar Financing Terms
Many homeowners find the average cost of solar in Goodyear to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can affect your pricing. Goodyear's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Goodyear have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $2.71 | $11,400 | $28,980 | 7.1 years |
| 8 kW | $2.66 | $14,908 | $38,932 | 6.9 years |
| 10 kW | $2.61 | $18,270 | $49,031 | 6.8 years |
| 12 kW | $2.56 | $21,486 | $59,275 | 6.7 years |
| 14 kW | $2.51 | $24,555 | $69,666 | 6.5 years |
| 16 kW | $2.45 | $27,478 | $80,203 | 6.4 years |
| 18 kW | $2.40 | $30,255 | $90,886 | 6.2 years |
| 20 kW | $2.35 | $32,886 | $101,715 | 6.1 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: When making the switch to solar, it's essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project timeline.
- Reputation: Make sure your solar system installer 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 the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Goodyear?
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 can't take advantage of 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 financial benefits from going solar.
Is switching to solar power worth it?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Goodyear?
Although 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 replace them after having 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.