Solar Panel Cost Guide in Paradise Valley, AZ (2023 Update)
- Paradise Valley Solar Installation Cost: $9,336
- 25-Year Savings: $24,007
- Payback Period: 7.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Paradise Valley
Let's take a look at the average cost of solar panels in Paradise Valley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Paradise Valley, the average cost of solar panels is 2.61 per watt. The average solar panel system size in Paradise Valley 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.
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 use, the type of equipment you want, your solar contractor and more. Many homeowners find going solar is a solid investment. The average homeowner in Paradise Valley can save about $25,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a personalized estimate.
Solar savings over time in Paradise Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-8,002 |
| 3 years | $-5,335 |
| 5 years | $-2,667 |
| 7 years | $0 |
| 9 years | $2,667 |
| 11 years | $5,335 |
| 13 years | $8,002 |
| 15 years | $10,670 |
| 17 years | $13,337 |
| 19 years | $16,005 |
| 21 years | $18,672 |
| 23 years | $21,339 |
| 25 years | $24,007 |
Top Solar Installers in Paradise Valley
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. Plus, if you're not certain what kind 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.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
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 Paradise Valley
Factors that Affect Solar Panel Costs in Paradise Valley
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Paradise Valley: 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 cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require 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 $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 over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Paradise Valley average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Paradise Valley is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, 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 | $27,714 | 7.3 years |
| 8 kW | $2.66 | $14,908 | $37,244 | 7.1 years |
| 10 kW | $2.61 | $18,270 | $46,921 | 7.0 years |
| 12 kW | $2.56 | $21,486 | $56,744 | 6.9 years |
| 14 kW | $2.51 | $24,555 | $66,713 | 6.7 years |
| 16 kW | $2.45 | $27,478 | $76,828 | 6.6 years |
| 18 kW | $2.40 | $30,255 | $87,089 | 6.4 years |
| 20 kW | $2.35 | $32,886 | $97,496 | 6.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installer 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:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Paradise Valley, AZ Solar Cost FAQs
What is the average cost of installing solar panels in Paradise Valley?
The average cost of solar panels in Paradise Valley is about $13,050 for a 5-kW system and $26,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.