📍 Phoenix, AZ · ZIP 85001

Solar Panel Cost in
Phoenix, AZ

Live APS / SRP rate: 13.1¢/kWh · Updated June 2026 · Based on real EIA data

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$9K Net Cost After ITC
13.1¢ Utility Rate/kWh
8.9yr Avg Payback
$42K 25-Year Savings

Solar Cost Breakdown for Phoenix

Here's what a typical 4.2 kW solar installation costs in Phoenix, AZ in 2026, based on current market pricing and live utility data from APS / SRP.

Cost ItemAmountNotes
Gross System Cost (4.2 kW)$13,600Before any incentives
Federal ITC (30%)-$4,080Applied to tax return (Form 5695)
Net Cost to Homeowner$9,520After federal tax credit
Monthly Loan Payment (25yr @ 5.99%)~$61/mo$0 down solar loan
Monthly Bill Savings~$86/moBased on APS / SRP 13.1¢/kWh

Solar Production in Phoenix

Phoenix averages 6.5 peak sun hours per day — excellent for solar energy production. A 4.2 kW system here will generate approximately:

TimeframeEstimated ProductionValue @ 13.1¢/kWh
Daily (avg)21.8 kWh$2.86
Monthly (avg)655 kWh$86
Annual7,972 kWh$1,044
25-Year Total199,290 kWh$42,000

AZ Solar Incentives

Homeowners in Phoenix, AZ can stack multiple incentives to reduce the net cost of solar significantly:

IncentiveValueHow to Claim
Federal Investment Tax Credit (ITC)30% of system cost = $4,080IRS Form 5695 at tax time
AZ Tax CreditVariesThrough installer or AZ tax return
Property Tax ExemptionSolar value excluded from property taxAutomatic in most AZ counties
Net Metering (APS / SRP)Credit for excess solar exported to gridApplied automatically to monthly bill

💡 Total potential savings: Between the 30% federal ITC ($4,080) and state incentives in AZ, many Phoenix homeowners reduce their net system cost by 35–45% before financing.

APS / SRP: Your Local Rate

Your Phoenix utility provider is APS / SRP, currently charging 13.1¢ per kWh (source: EIA, June 2026). This rate determines how valuable solar is for your home — higher rates mean faster payback.

US electricity rates have increased an average of 3.4% per year since 2010. If APS / SRP's rate continues rising, your solar savings will grow each year — meaning real payback is often faster than static estimates suggest.

YearProjected RateAnnual Solar Savings (4.2 kW)
2026 (now)13.1¢/kWh$1,044
2031 (+5yr)15.5¢/kWh$1,234
2036 (+10yr)18.3¢/kWh$1,459
2046 (+20yr)25.6¢/kWh$2,038

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