Solar Panel Cost Guide in Bountiful, UT (2024 Update)
- Bountiful Solar Installation Cost: $12,120
- 25-Year Savings: $14,792
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Bountiful
We go over average solar pricing in Bountiful.
The average cost of solar panels in Bountiful is 3 per watt.To cover the typical energy needs of the average home in Bountiful, most homeowners require a 5.3-kilowatt system. Using the figure above, a solar installation costs about $12,120, or $17,332 before the federal solar tax credit of 0 is applied.
The true price you pay can be above or below the average in Bountiful depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.With average savings of about $18,000 on power bills over 20 years, many homeowners in Bountiful find going solar can be quite rewarding.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Bountiful
| Year | Return on Investment |
|---|---|
| 1 years | $-11,129 |
| 3 years | $-9,148 |
| 5 years | $-7,167 |
| 7 years | $-5,185 |
| 9 years | $-3,204 |
| 11 years | $-1,223 |
| 13 years | $759 |
| 15 years | $2,740 |
| 17 years | $4,722 |
| 19 years | $6,703 |
| 21 years | $8,684 |
| 23 years | $10,666 |
| 25 years | $12,647 |
Top Solar Installers in Bountiful
Many homeowners opt for a solar installer since trying to install solar panels on your own can be time-consuming. Local solar installers can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
If you're looking for a solar company in Bountiful, we've compiled a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
See all of the solar companies in Bountiful
Factors that Affect Solar Panel Costs in Bountiful
The cost of installing a solar system in Bountiful can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,290. There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Bountiful offer solar loans, which reduce your upfront costs of installing solar.Though solar loans make adopting solar energy more accessible for Bountiful homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.42 | $14,371 | $13,749 | 12.8 years |
| 8 kW | $3.36 | $18,792 | $18,700 | 12.5 years |
| 10 kW | $3.29 | $23,030 | $23,836 | 12.3 years |
| 12 kW | $3.22 | $27,083 | $29,156 | 12.0 years |
| 14 kW | $3.16 | $30,952 | $34,660 | 11.8 years |
| 16 kW | $3.09 | $34,637 | $40,348 | 11.5 years |
| 18 kW | $3.03 | $38,138 | $46,221 | 11.3 years |
| 20 kW | $2.96 | $41,454 | $52,278 | 11.1 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: If you’re worried about the endurance of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
EcoWatch's Bountiful, UT Solar Cost FAQs
What is the average cost of installing solar panels in Bountiful?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Bountiful?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $937.32 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.