Goodyear, AZ
Solar in Goodyear
Goodyear residents are exploring solar as Arizona ranks 3rd nationwide for residential solar panel installations. With electricity prices rising 22% since 2020, understanding solar installation options is crucial.
This guide covers solar panels for your home in Goodyear, from costs to timelines.
Key Takeaways
- Goodyear receives excellent solar irradiance with Arizona ranking 3rd nationally for residential solar installations.
- Federal and state incentives can save $7,252 on average for Arizona solar installations through tax credits.
- Solar systems typically pay for themselves in 8.4 years while providing 25-year savings of $65,000 for Goodyear homes.
Solar Cost Calculator
Our solar cost calculator uses real installation data from Goodyear neighborhoods including Estrella, Palm Valley, and Pebble Creek. Get accurate pricing estimates based on actual local installations, not generic estimates from other companies.
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Estimated Investment and Savings
Based on Palmetto Solar installations in Arizona. Current electricity rate: 14.9¢/kWh. Assumes 80% credit of retail rate.
Goodyear Electricity Prices
Understanding electricity costs helps Goodyear residents make informed energy decisions as rates continue climbing across Arizona.
Arizona electricity rates have risen from 12.5 cents per kWh in 2021 to 14.9 cents in 2024, representing a 19% increase over three years.
Solar panels can help offset these rising costs by generating electricity from Arizona’s abundant sunshine, providing predictable energy expenses for homeowners.
Over 25 years, solar systems can provide protection against future rate increases while potentially reducing overall electricity expenses for Goodyear households.
Price of Energy: Arizona vs National Average
Goodyear Area Utility Providers
Goodyear, Arizona residents receive electricity from two main utility companies: Arizona Public Service (APS) and Salt River Project (SRP), each with different pricing structures based on 2023 data.
APS charges 15.3¢ per kWh while SRP offers lower rates at 12.5¢ per kWh. Both remain competitive with Arizona’s 14.0¢ average and below the national average of 16.0¢.
Despite competitive rates, rising electricity costs make solar increasingly attractive. Solar panels can reduce dependence on utility pricing fluctuations while providing long-term energy cost stability for homeowners.
Goodyear Utilities Electricity Rates
Arizona Solar Incentives
Goodyear homeowners can significantly reduce solar installation costs through various solar incentives in Arizona available at federal and state levels.
Arizona offers multiple financial benefits including state tax credits up to $1,000, property tax exemptions, and sales tax exemptions that eliminate upfront taxes on solar equipment purchases.
These incentives can change annually, so researching current programs and acting promptly helps maximize your solar investment savings.
Save an average of
$7,252
in solar rebates in Arizona
| INCENTIVE | TYPE | DESCRIPTION | SOURCE |
|---|---|---|---|
| Residential Clean Energy Credit | Federal tax credit | A federal tax credit worth 30% the cost of a solar panel system in the year it’s installed | Learn More |
| Credit for Solar Energy Devices | State tax credit | Arizona Homeowners receive the lesser of $1,000 or 25% off their solar panel installation. | Learn More |
| Property Tax Exemption | State tax exemption | No property tax increase from added solar value. Prevents higher assessment on solar equipment. | Learn More |
| Sales Tax Exemption | State tax exemption | No state or local sales tax on solar equipment and installation. Reduces upfront cost immediately. | Learn More |
The Residential Clean Energy Credit lets people claim a tax credit worth 30% the cost of a solar panel system in the year it’s installed. The credit can only be used against taxes you owe or have already paid that year, but any excess credit can be rolled over to future years.
The credit is broadly available, though there are a few restrictions — you must own the panels and they must be on a house you live in — so be sure to consult a tax professional about your situation.
Arizona’s Credit for Solar Energy Devices is a state tax credit that helps homeowners save money when they install solar panels on their Arizona residence. This nonrefundable tax credit reduces the amount of state income tax you owe, dollar-for-dollar, making solar energy more affordable for Arizona families.
To qualify for this credit, you must be an individual taxpayer who installs a solar energy device at your primary or secondary residence located in Arizona. The credit is nonrefundable, which means it can reduce your Arizona state tax liability to zero, but any unused credit amount cannot be refunded to you as cash. You’ll need to file Form 310 with your Arizona state tax return to claim this benefit.
While the official source doesn’t specify the exact credit amount or percentage, this incentive works alongside federal solar tax credits to help reduce the overall cost of your solar installation. Keep all receipts and documentation related to your solar system purchase and installation, as you’ll need these to support your tax credit claim.
Arizona’s Property Tax Exemption for renewable energy equipment allows homeowners to exclude the added value of their solar panel system from their property tax assessment. This means that while your solar installation may increase your home’s overall value, you won’t pay additional property taxes on that increased value. The exemption applies to the full value of qualifying renewable energy equipment, including solar panels, inverters, and related components.
To qualify for this exemption, your renewable energy system must be installed on residential property in Arizona and meet state requirements for renewable energy equipment. Property owners must file the appropriate forms with the Arizona Department of Revenue to claim this exemption. The exemption continues for as long as you own the qualifying renewable energy equipment, providing ongoing tax savings throughout the life of your solar system. This incentive helps make solar more affordable by ensuring homeowners don’t face higher property tax bills simply for investing in clean energy technology.
Arizona’s Solar and Wind Sales Tax Exemption removes state sales tax from the purchase and installation of solar and wind energy systems for your home. This means you won’t pay the standard Arizona sales tax rate on the equipment itself or the contractor’s installation services, providing immediate savings at the time of purchase.
The financial benefit varies based on your system’s total cost, as you’ll save Arizona’s state sales tax rate on both the equipment and installation. This exemption applies to all qualifying solar and wind energy devices, making clean energy more affordable from day one. There are no income restrictions or application deadlines – the exemption is automatically applied at the point of sale when you purchase qualifying renewable energy equipment for residential use.
Net Billing in Arizona is a compensation system where solar homeowners receive credits for excess electricity their panels send to the grid. Unlike traditional net metering where you get full retail credit, net billing pays you a lower wholesale rate for your excess solar power. Each major utility company in Arizona has its own net billing program with different credit rates and rules.
The financial benefits vary significantly by utility company. Arizona Public Service (APS) pays $0.06857 per kWh for exports, Tucson Electric Power (TEP) pays $0.0633 per kWh, and UNS Electric pays $0.0755 per kWh – all with 10-year rate locks. Salt River Project offers seasonal rates between $0.02-$0.06 per kWh, while cooperative utilities like Mohave Electric and Trico Electric offer lower rates around $0.035-$0.037 per kWh. Most utilities require solar customers to switch to time-of-use rate plans, and some charge additional monthly fees ranging from $2.23 to $6.45.
Important considerations include annual credit reconciliation policies that vary by utility. Most companies will pay out excess credits above $10-$25 at year-end, then reset your account to zero. APS, TEP, and UNS lock customers into their export rates for 10 years upon interconnection, providing rate certainty. However, new customers may face different rates as utilities can adjust export credit values annually. Solar customers should carefully compare utility territories and rate structures, as the financial benefits can vary significantly depending on your specific utility provider.
Ready to start saving with solar?
Speak with a Palmetto solar expert to find out exactly how much you can save with Arizona incentives.
Get a Free QuoteGoodyear Solar Irradiance
Solar panel production varies throughout the year based on daylight hours, weather patterns, and sun intensity. Understanding how seasons affect your solar system helps set realistic expectations for your investment.
Goodyear’s desert climate brings intense sun and clear skies, ideal for solar production. Even with summer heat reducing efficiency, proper systems thrive here.
Solar Production in Goodyear by Month
What Can Your Solar System Power?
Summer Production (July)
In July, your 10 kW system could power:
- 3.6 average homes (15 kWh/day per home)
- or Run central AC for 18 hours AND power all other appliances
- or Fully charge 5.4 Tesla Model 3 electric vehicles
Winter Production (December)
In December, your 10 kW system could power:
- 2 average homes (15 kWh/day per home)
- or Keep your home heating system running for 15 hours
- or Fully charge 3 Tesla Model 3 electric vehicles
Annual Production
Over a year, your 10 kW system could:
- Offset 10 tons of carbon dioxide emissions
- or Equal the environmental benefit of planting 175 trees
- or Save approximately $4,234 in electricity costs
Want to know exactly how much solar can power your home?
Get a personalized solar analysis based on your actual home, energy usage, and roof characteristics.
Get My Custom EstimateSolar Installations in Goodyear
We’ve mapped every solar installation across America to show you the clean energy revolution happening in your backyard. Explore this interactive map to discover which Goodyear neighborhoods have already made the switch to solar power!
Leasing Solar Panels
Goodyear homeowners can access solar leasing options through all major utility companies in the area. Both Arizona Public Service (APS) and Salt River Project (SRP) customers can take advantage of solar lease programs that eliminate upfront costs while providing immediate energy savings.
Solar leasing offers a fixed monthly payment that’s typically lower than your current electricity bill, providing predictable energy costs without the responsibility of system maintenance or repairs. Unlike purchasing, leasing requires no large investment and includes professional monitoring and maintenance throughout the lease term.
For homeowners who prefer predictable monthly expenses over ownership, LightReach solar leasing provides an attractive alternative to cash purchases, allowing you to start saving on day one while avoiding equipment ownership responsibilities.
Go solar without the investment
With LightReach, there are no investment costs to recoup, loan payments to manage, or maintenance needs to take on. As soon as your panels are active, your solar savings are too!
Learn MoreFrequently Asked Questions
Yes, solar makes excellent sense in Goodyear due to Arizona’s abundant sunshine and favorable conditions. The state ranks 3rd nationally for residential solar installations.
With electricity rates rising 22% since 2020 and strong solar irradiance year-round, Goodyear homeowners can achieve an 8.4-year payback period while saving approximately $65,000 over 25 years through reduced utility bills.
Goodyear does not have traditional net metering. Instead, Arizona uses a net billing system where solar homeowners receive credits for excess electricity at wholesale rates rather than full retail rates.
The specific rate depends on your utility company. APS customers receive $0.06857/kWh, while SRP offers seasonal rates between $0.02-$0.06/kWh. Both require time-of-use rate plans for solar customers.
Yes, solar panels increase home value in Goodyear, AZ. Research shows that solar installations typically add value to residential properties in Arizona’s strong solar market.
According to Zillow’s study, homes with solar panels sell for approximately 4.1% more than comparable homes without solar. This increase reflects buyer demand for energy-efficient homes and long-term utility savings in Arizona’s sunny climate.
Solar costs in Goodyear range from $13,121 to $21,759 after federal tax credits, depending on your home size and energy needs.
A typical medium-sized home (2,000-3,000 sq ft) requires an 8.5 kW system costing $16,921 after the 30% federal tax credit. This includes equipment, installation, and all permits for a complete turnkey solar solution.
Yes, solar is financially worth it in Goodyear. With Arizona’s excellent solar conditions and rising electricity costs, homeowners typically achieve an 8.4-year payback period.
Solar systems provide approximately $65,000 in savings over 25 years while protecting against future utility rate increases. Federal and state incentives reduce upfront costs by an average of $7,252.
Palmetto Solar stands out as an excellent choice for Goodyear residents looking for reliable solar installation. We’ve completed 4,982 installations across Arizona since 2020, demonstrating our local expertise and commitment to the state.
We offer competitive financing options and maintain a trusted network of certified installers who understand Arizona’s unique requirements. Our national presence with local focus ensures quality service and ongoing support for Goodyear homeowners.