Solar Panel Cost Guide in Golden Valley, AZ (2024 Update)
- Golden Valley Solar Installation Cost: $11,560
- 25-Year Savings: $16,383
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Golden Valley
We break down average solar pricing in Golden Valley.
While the national average of solar panels is $2.66 per watt, solar panels in Golden Valley generally cost around 3.The average solar panel system size in Golden Valley is around 5.4 kilowatts, meaning a cost of about $11,560 for a solar installation, or $16,531 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what installation company you go with.With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Golden Valley find investing in solar has a decent ROI.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Golden Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-10,300 |
| 3 years | $-7,779 |
| 5 years | $-5,259 |
| 7 years | $-2,739 |
| 9 years | $-218 |
| 11 years | $2,302 |
| 13 years | $4,822 |
| 15 years | $7,343 |
| 17 years | $9,863 |
| 19 years | $12,383 |
| 21 years | $14,904 |
| 23 years | $17,424 |
| 25 years | $19,945 |
Top Solar Installers in Golden Valley
Although it's possible to install solar panels by yourself, it requires extra labor and know-how. That's why almost all homeowners choose a solar panel installer. Some solar installers, particularly local ones, can help you better understand incentives in Golden Valley, thereby optimizing your ROI.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
Best for Leasing
Sunrun
- 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
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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
See all of the solar companies in Golden Valley
Factors that Affect Solar Panel Costs in Golden Valley
For many Golden Valley homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Golden Valley, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Golden Valley average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Golden Valley homeowners opt to finance their solar panel systems to offset upfront costs.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 a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in Golden Valley, and each can charge different amounts for labor and equipment.Additionally, some companies in Golden Valley know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $3.19 | $13,410 | $15,825 | 11.5 years |
| 8 kW | $3.13 | $17,536 | $21,444 | 11.2 years |
| 10 kW | $3.07 | $21,490 | $27,235 | 11.0 years |
| 12 kW | $3.01 | $25,272 | $33,198 | 10.8 years |
| 14 kW | $2.95 | $28,883 | $39,332 | 10.6 years |
| 16 kW | $2.89 | $32,321 | $45,639 | 10.4 years |
| 18 kW | $2.82 | $35,587 | $52,117 | 10.1 years |
| 20 kW | $2.76 | $38,682 | $58,768 | 9.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Installation Process: When making the switch to solar power, it’s necessary to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best for Leasing
Sunrun
- 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
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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
EcoWatch's Golden Valley, AZ Solar Cost FAQs
How much does it cost to install solar panels in Golden Valley?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $15,350 for a 5-kW system and $30,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Golden Valley, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.