In Phoenix, solar panels cost about $13,390 for an entire system or $2.68 per watt on average. Costs ranged from $11,390 to $15,410 for a 5 kilowatt (5,000 watts) solar system in 2020, according to EnergySage.
These estimated costs do not include the Federal Investment Tax Credit of 26%, the $1,000 Arizona solar tax credit, or other local solar incentives.
The average payback period for solar panels in Phoenix took 7.16 years and the average electricity savings from installing solar panels was around $43,990 over a 20 year period. The average cost per watt is $2.68 a watt. This study included the installation of a 5kw solar system, slightly smaller than the average system size for this area. Use our solar panel cost calculator to find out your solar system size, how many solar panels you need, total system cost, and estimated monthly solar payment.
Solar Reviews says you can expect to pay about $2.58 per watt or $11,439 for a 6kW solar system. This cost is after claiming the 26% federal tax credit. Their prices are shown as follows:
- 4kW: $8,373
- 5kW: $10,015
- 6kW: $11,439
- 7kW: $13,211
- 8kW: $15,333
- 9kW: $16,638
- 10kW: $18,293
Solar Estimate says, “The average cost of installing residential solar panels in Phoenix, Arizona in 2020 is $2.67 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Phoenix, AZ is $13,350.” On their website, it says you can expect to save over $103,746 over the lifetime of your solar system.