Solar Panel Cost Guide in Green Valley, AZ (2023 Update)
- Green Valley Solar Installation Cost: $9,330
- 25-Year Savings: $22,586
- Payback Period: 7.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Green Valley
See how much it might cost to go solar in Green Valley.
In Green Valley, solar panels cost about 2.61 per watt on average. Using this figure, a typical 5.1-kW system would cost about $9,336 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely differ based on your specific situation and what company you go with. With typical savings of about $24,000 on utility bills over 20 years, many homeowners in Green Valley find going solar can pay off big.
Click the button below to get connected to a vetted solar panel company in Green Valley for a custom estimate.
Solar savings over time in Green Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-8,070 |
| 3 years | $-5,550 |
| 5 years | $-3,029 |
| 7 years | $-509 |
| 9 years | $2,012 |
| 11 years | $4,532 |
| 13 years | $7,052 |
| 15 years | $9,573 |
| 17 years | $12,093 |
| 19 years | $14,613 |
| 21 years | $17,134 |
| 23 years | $19,654 |
| 25 years | $22,174 |
Top Solar Installers in Green Valley
Although you can install solar panels by yourself, it takes extra effort and know-how. That's why the majority of homeowners choose to go with a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Green Valley
Factors that Affect Solar Panel Costs in Green Valley
For many Green Valley homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Green Valley, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,610 per kilowatt in Green Valley. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Green Valley, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Green Valley to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest. Even though solar loans make switching to solar energy more accessible for Green Valley homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Green Valley, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $26,098 | 7.6 years |
| 8 kW | $2.66 | $14,908 | $35,089 | 7.5 years |
| 10 kW | $2.61 | $18,270 | $44,227 | 7.3 years |
| 12 kW | $2.56 | $21,486 | $53,511 | 7.2 years |
| 14 kW | $2.51 | $24,555 | $62,941 | 7.0 years |
| 16 kW | $2.45 | $27,478 | $72,517 | 6.9 years |
| 18 kW | $2.40 | $30,255 | $82,239 | 6.7 years |
| 20 kW | $2.35 | $32,886 | $92,108 | 6.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: The type of solar panel you'd like to get plays a part in which installer you should opt for, since different companies have access to different panels.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
EcoWatch's Green Valley, AZ Solar Cost FAQs
How much does it cost to install solar panels in Green Valley?
This is a tough question to answer precisely, because the cost depends on a variety of 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 additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Green Valley?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can you sell solar power back to the grid in Green Valley?
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 Green Valley?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had 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.