Solar Panels Cost 7.8k-15k in Gold Canyon CDP, AZ | October, 2024

Solar Panels Cost $7.8k-$15k in Gold Canyon CDP, AZ | October, 2024

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How much do solar panels cost in Gold Canyon CDP, AZ in 2024?

On average, in Gold Canyon CDP, AZ in the month of October, 2024, the price per watt of solar systems is $2.8/W.

For every 1000 watts (1 kW) your solar system can generate, you will have to spend, on average, $2,800 to have it installed. In Gold Canyon CDP, a 5 kW panel install will cost you, on average, $9,800 after the 30% federal income tax credit. However, a 5kW system might not be sufficient to meet your energy requirements.

To the left, you have the option to select your county and find out the average roof size along with the average maximum capacity for residential solar in homes in your area. Displayed below is a summary of the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Gold Canyon CDP: $9,800US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Gold Canyon CDP: 5 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Gold Canyon CDP: $23,349US Average: $15,784

Solar Potential in Gold Canyon CDP

Estimated system size and solar electricity production per median viable roof in
Gold Canyon CDP.

Roof size 1,001sq. ft.
Capacity 14kW DC
Electricity 23.1kkWh AC per yr.

Electricity Costs in Gold Canyon CDP, AZ & What that Means for Your Solar Panel Pricing

The typical electric bill for a Gold Canyon CDP energy consumer is $155.62, with monthly usage typically at 1,205 kWh. Bear in mind, this figure encompasses smaller residential units such as apartments, which usually have lower energy needs.

In October 2024, the average electricity rate in Gold Canyon CDP, AZ amounts to 12.92¢ per kWh.

In Gold Canyon CDP, the average electricity user must have a solar power setup of 8 kW or higher to satisfy their full energy needs. Presently, an 8 kW solar system will be priced at around $22,400upfront, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $15,680.

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Average solar panel costs by system size in Gold Canyon CDP

Shown on the left side, you will find a comprehensive price breakdown of the different sizes of solar panel systems installed in Gold Canyon CDP. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can gain.

The cost-benefit analysis for solar panels, shown in the calculator down and to the right, is based on an average electric bill of $155.62 in Gold Canyon CDP. Swap the $155.62 with your typical electricity bill to get more detailed results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $941 a year
Est. Price
$7,840
Savings from a 4kWthis system
  • Est. yearly production 7,239 kWh
  • Est. monthly savings $78
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.84 tons a year
  • Equivalent to planting 84 trees a year
  • Equivalent to driving 4,549 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,176 a year
Est. Price
$9,800
Savings from a 5kWthis system
  • Est. yearly production 9,048 kWh
  • Est. monthly savings $98
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.3 tons a year
  • Equivalent to planting 106 trees a year
  • Equivalent to driving 5,687 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,412 a year
Est. Price
$11,760
Savings from a 6kWthis system
  • Est. yearly production 10,858 kWh
  • Est. monthly savings $118
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 2.76 tons a year
  • Equivalent to planting 127 trees a year
  • Equivalent to driving 6,824 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,647 a year
Est. Price
$13,720
Savings from a 7kWthis system
  • Est. yearly production 12,668 kWh
  • Est. monthly savings $137
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.22 tons a year
  • Equivalent to planting 148 trees a year
  • Equivalent to driving 7,961 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,882 a year
Est. Price
$15,680
Savings from a 8kWthis system
  • Est. yearly production 14,477 kWh
  • Est. monthly savings $156
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.66 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,050 mi less a year

Gold Canyon CDP Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and agricultural operations might have their photovoltaic or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Believe you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.

Homeowners can take advantage of a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option in much of the country. Together with federal efforts, state and local programs help to support the use of solar power.

Arizona features 12 solar rebate and incentive initiatives provided by multiple utilities and government organizations.

Solar incentives in AZ

Residential Solar and Wind Energy Systems Tax Credit

Value:Up to $1,000

Arizona is offering a Solar Energy Credit to individual taxpayers who install a solar or wind energy device at their Arizona residence. The credit can be applied against their personal income tax; the credit is one-fourth of the cost of solar or wind energy, up to $1000. The number of devices does not matter. The credit may be claimed in the year that the devices are installed or up to five years if the amount exceeds their tax liability. Taxpayers who lease the system or enter into a third-party power purchase agreement are not eligible to receive the credit.

Mohave Electric Cooperative - Renewable Energy Incentive Program

Value:Up to $2,500

Mohave Electric Cooperation has incentives to encourage its customers to install renewable energy systems in the homes and businesses, and thus help them save money on electric bills. It provides rebates for small commercial and residential photovoltaic and wind systems; however, rebates for solar water heaters are available for residential systems only. These rebates should help offset the price of those systems, making them more attractive to potential buyers and eventually helping them to help better the environment. Also, residential and business customers must meet all applicable terms and conditions with the appropriate forms submitted through their website.

Southwest Gas Corporation - Commercial High-Efficiency Equipment Rebate Program

Value:Varies

The Southwest Gas Corporation offers rebates to commercial customers in Arizona who purchase energy-efficient natural gas equipment in order to better assist environmental measures. Customers of the natural gas company may apply for custom incentives. Those commercial customers interested in obtaining a rebate for their natural gas equipment should refer to the Southwest Gas Corporation website for more information. A list of rebates available through the Southwest Gas Corporation may found here. The rebates should encourage customers of the company to better access more energy-efficient equipment for their companies' needs.

SRP - Solar Water Heating Program

Value:Varies

The Salt River Project's Solar Water Heating program provides incentives to encourage its residential customers to purchase solar water heating systems as back-ups to their electric systems, in hopes that the residential customers will use the renewable energy systems in preference to their familiar systems. The usual incentive for residential solar water heating systems is $0.30 per kilowatt-hour of the estimated annual energy savings, determined by calculating current use to determine estimated use for the next year. The incentives are pro-rated ($0.24 per kilowatt-hour) for systems where solar collectors are installed in sub-optimal locations, such as shady areas.

Sulphur Springs Valley EC - SunWatts Rebate Program

Value:Varies

The SunWatts program offers home and business owners incentives for purchasing solar water heating systems. The ideal is that residential and business customers of various companies will take advantage of the incentives offered through the SunWatts program and upgrade their homes. Also, the solar water heating systems may encourage the homeowners and business owners to try other renewable energy systems, especially once they see how much the heating systems save them. Systems must meet all program requirements, and incentives are usually available through local companies. See the SunWatts program website for complete details on rebates offered and other incentives.

Renewable Energy Tax Credit for International Operations Centers (Corporate)

Value:Varies

A 2014 act of the Arizona legislature created tax incentives on new solar, wind, or other renewable energy systems used to power "international operations centers." To qualify for the credit, systems should be rated for at least 20 MW of generation capacity or produce 40,000 megawatt hours of electricity per year. "International operations center" certification is obtained through ten years of investment records in new Arizona-located capital. Additional information is available from the state department of revenue.

Solar Contractor Licensing

Value:Varies

The Arizona Registrar of Contractors does not offer a general solar electric contractor license, but the state's R-11 and C-11 electric licenses cover solar electric installations. The Registrar also has licenses for solar water heaters. There are also licenses for space heating and cooling systems, including solar thermal systems. For those interested in working with pools that include a solar pool heating system, there is another license. All contractors that work with solar energy systems must have four years of applicable work experience and pass an exam in order to obtain a license in Arizona.

Trico Electric Cooperative - SunWatts Incentive Program

Value:Varies

The Trico Electric Cooperative offers its residential and business customers a rebate for installing solar water heaters into their homes and businesses, thus helping to encourage the use of sustainable energy in those homes and businesses. Rebates equal $.40 per kilowatt that is expected to be saved in the first year of the use of solar water heating systems, as compared to the systems that they are used to using to heat their water. The rebates are offered through the SunWatts program, and should encourage its residential and business customers to look for another way to use renewable energy sources in their homes and businesses.

Renewable Energy Standard

Value:Varies

The Arizona Corporation Commission is debating changes to the state's Renewable Energy Standard to expand the standard to 15% by 2025, with 30% of the renewable energy coming from distributed energy technologies. The new rules were certified as constitutional and were allowed to go forward. Prior to the 2006 rules, Arizona's original Environmental Portfolio Standard required Arizona 0.4% of its energy from renewable sources; this was increased incrementally to 60% by 2012. The RES should allow Arizona to meet its goals, and to eventually see more of its energy needs being met by renewable energy sources.

SRP - Net Metering

Value:Varies

The Salt River Project modified its net-metering program for residential customers in February 2015. Effective with the April 2015 billing cycle, residential customers who generate part of the electricity onsite are billed under the Customer Generation Price Plan. Customers that have purchased their distributed energy system or signed a lease agreement before December 8, 2014, may keep their original plan for twenty years. Net-metering allows customers discounts on the energy bill if they produce more electricity than they use. While the Arizona Corporation Commission adopted net-metering rules in October 2008, the state's rules do not apply to Salt River Project customers.

Interconnection Guidelines

Value:Varies

The Arizona Corporation Commission initiated a rule-making process to establish statewide interconnection standards for distributed generation. The proceedings are still in effect, and the commission has recommended that the utilities use the Interconnection Document as a guide. The state's utilities developed interconnection agreements prior to the ACC's ongoing proceedings. Each utility has adopted its own standards, sometimes based on different metrics than other utilities. It is likely that Arizona's regulated utilities will adopt the ACC's interconnection standards when the final rules are adopted in order to provide a system that will enable all utilities to provide consistent service across the state.

Renewable Energy Tax Credit for International Operations Centers (Personal)

Value:Varies

S.B. 1484 of 2014 provides a tax credit for renewable energy systems used in manufacturing that produce energy. H.B. 2528 of 2017 removes manufacturer eligibility in 2018. Eligible systems must be capable of creating at least 20 megawatts of energy or a typical annual generation of at least 40,000 megawatt-hours. The tax credit of $5 million per year for five years for each facility. Taxpayers must apply to the Department of Revenue; the sooner you apply the better as when the $10 million is gone it is gone.

Are solar panels worth it in Arizona?

If you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Gold Canyon CDP. Over a 20 year time frame, a 5 kW solar system in Gold Canyon CDP, AZ could save you approximately $27,548.8, with the average break even time being 5 years.

The cost of not having solar panels in Gold Canyon CDP, AZ

The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and are wholly reliant on your electric utility for electricity. As shown by numerous recent news reports, complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Gold Canyon CDP is 0.85. The average length of an outage is 49.9 minutes. However, during significant events such as vandalism, overloaded power grids or hurricanes, this duration can grow considerably.

A solar energy system could reduce the effects of future outages, whether or not it has a backup battery.

Power Outages

Currently, 0 customers are being tracked in Pinal County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Gold Canyon CDP, AZ?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size grows. Installing a solar panel system that can cover the electric bill is useful to individuals because of the reduced long-term costs.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. The system preferences of your chosen installer can make it essential to choose a reputable company. Opting for better quality equipment can provide a much better long-term experience for the buyer.

Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They are costlier but provide more energy. Many professionals in solar installation work with panels made from this material.

Your Property - Every home and property differs in its own way. Challenges such as sloping terrain, trees, or other considerations can increase the difficulty of installing solar panels. Solar installers now have the ability to leverage satellite images to evaluate your home and include these considerations in the initial cost estimate.

Labor Rates - The pay employees receive from their employers differ, and these expenses are borne by the consumers. Paying higher wages frequently results in companies receiving better reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will influence your installation cost. Quality local installers will integrate these numbers into your initial quotes to avoid any surprises.

See what solar panels cost in other AZ cities

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Who are the best solar installers in Gold Canyon CDP?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Solgen Power

Pasco, WA(855) 220-0778

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Sunny Energy

Tempe, AZ(480) 257-3283

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Technicians for Sustainability

Tucson, AZ(520) 740-0736

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of solar arrays.

Sunlink Energy

Maricopa, AZ(480) 624-8105

Services

  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.

Solar Gain

Tucson, AZ(520) 822-8377

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Rooftop Solar

Flagstaff, AZ(928) 213-5670

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Hunt Electric

Salt Lake City, UT(801) 975-8844

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Entero Energy

Austin, TX(512) 551-0742

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Reparation of solar arrays.

Fusion Power

Chandler, AZ(844) 387-6797

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.

Sun Logix Energy

Palm Desert, CA(760) 531-4400

Services

  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

PE Solar

Tempe, AZ(480) 264-0690

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

KGT Renewables

Phoenix, IL

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Sun Valley Solar Solutions

Chandler, AZ(480) 689-5000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Gold Canyon CDP, AZ Solar Panel Cost FAQs

  • In October, 2024, the typical price per watt for solar panels in Gold Canyon CDP, AZ is $2.8/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Gold Canyon CDP, AZ is roughly $9,800.
  • Utilities and government agencies in Arizona are currently offering 12 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.
  • Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also financially beneficial. Installers frequently provide financing options and will specify them in your initial quotes.
  • Yes, the average 5 kW solar panel payback period in Gold Canyon CDP, AZ stands at 5 years, yielding average electricity savings of $27,548.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01