Solar Panel Cost Guide in Paradise Valley, AZ (2024 Update)

  • Paradise Valley Solar Installation Cost: $10,991
  • 25-Year Savings: $23,998
  • Payback Period: 8.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Paradise Valley

Let’s have a look at the average cost of solar in Paradise Valley.

The national average cost of solar panels is $2.66 per watt, but in Paradise Valley it’s 3 per watt.The average Paradise Valley homeowner needs a 5.1-kilowatt system, which would cost about $10,991 with the federal tax credit, or $15,717 before the 0 tax credit is applied.

These figures are just averages, and how much solar costs for you will differ based on the amount of energy your home requires and what company you choose to go with.With typical savings of about $25,000 on energy bills over 20 years, many homeowners in Paradise Valley find investing in solar can pay off big.

You can click the button below to get connected with a vetted solar installer in Paradise Valley that can help you get a more accurate cost estimate for your home.

Solar savings over time in Paradise Valley

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 Paradise Valley

When making the switch to solar, many homeowners decide to use a solar company since installing a solar system yourself can be a time-consuming project. Some solar installers, especially local ones, can help you take advantage of incentives in Paradise Valley, optimizing your ROI.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Paradise Valley

Factors that Affect Solar Panel Costs in Paradise Valley

The cost of installing a solar system in Paradise Valley can vary by more than $10,000 from home to home. Your actual cost is dependent on 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 company you choose.

Solar Equipment

The size of the solar panel 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 $3,070. The model of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Paradise Valley to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The last key cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Paradise Valley, you’ll have many options to choose from, but each comes at different price points for labor and equipment.The company’s size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.

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 $25,705 8.6 years
8 kW $3.13 $17,536 $34,617 8.4 years
10 kW $3.07 $21,490 $43,701 8.2 years
12 kW $3.01 $25,272 $52,957 8.1 years
14 kW $2.95 $28,883 $62,385 7.9 years
16 kW $2.89 $32,321 $71,985 7.7 years
18 kW $2.82 $35,587 $81,756 7.6 years
20 kW $2.76 $38,682 $91,700 7.4 years

How to Save on Solar Panels

There are many companies available in Paradise Valley, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:

  • Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
  • Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
  • Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Paradise Valley, AZ Solar Cost FAQs

How much does it cost to install solar panels in Paradise Valley?

The average cost of solar panels in Paradise Valley is about $15,350 for a 5-kW system and $30,700 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider in addition to cost when buying solar panels?

The upfront 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 cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.

Is it worth going solar in Paradise Valley?

Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.

How long do solar panels last in Paradise Valley?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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.

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