Solar Panel Cost Guide in Paradise Valley, AZ (Sep 2022)

  • Paradise Valley Solar Installation Cost: $9,336
  • 25-Year Savings: $24,007
  • Payback Period: 7.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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.

The national average cost of solar panels is $2.66 per watt, but in Paradise Valley it's $3 per watt. Using this figure, a typical 5.1 would cost about $9,336 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 needs, the type of solar panels you choose, your solar contractor and more. Despite the high initial cost, the average Paradise Valley homeowner can save about $25,000 on their power bills over 20 years, which is one of the positives of solar.

Click the button below to get connected to a top solar panel company in Paradise Valley for a personalized quote.

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

Many homeowners choose to use a solar panel installer since trying to put up solar panels by yourself can be time-consuming. The expertise that solar companies offer can be invaluable as well, especially if you aren't sure what brand of solar equipment would be right for your home.

There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:

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 Technology

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • 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

There are many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment Size

The size of the solar panel system you need for your household is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,610. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Paradise Valley, where sunlight is abundant, efficiency can quickly pay off. Also, 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

Most solar companies in Paradise Valley provide solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also adds to your total costs, so it's important to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The solar company you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Paradise Valley, and each can charge varying amounts for labor and equipment. Some companies 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 go with the company that has the products, warranties and services you want and also is 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 $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

Solar Incentives in Paradise Valley

Name Solar and Wind Equipment Sales Tax Exemption
Incentive Amount 100% of sales tax on eligible equipment
Incentive Max No maximum
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Energy Equipment Property Tax Exemption
Incentive Amount 100% of increased value
More Info Click here

Name Residential Solar and Wind Energy Systems Tax Credit
Incentive Amount 25%
Incentive Max $1,000 maximum credit per residence, regardless of number of energy devices installed
Website Visit here
More Info Click here

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 pick the right company for you, here are some tips to keep in mind:

  • Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
  • Solar Panel Brands: Different companies offer various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.

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 Technology

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • 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 actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Paradise Valley?

Leasing solar panels can be an option if you can't afford to 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 property 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 bang for your buck from going solar.

How will having solar panels impact the value of my home?

Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

How often do you have to replace solar panels?

Even 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 the amount of energy they produce will have decreased significantly after that point. You can choose 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.

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