Solar Panel Cost Guide in North Salt Lake, UT (2024 Update)
- North Salt Lake Solar Installation Cost: $12,120
- 25-Year Savings: $12,783
- Payback Period: 12.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated February 03, 2024
Why you can trust EcoWatch
Average Cost of Solar Panels in North Salt Lake
See how much it might cost to make the switch to solar in North Salt Lake.
The national average cost of solar panels is $2.66 per watt, but in North Salt Lake it’s 3 per watt.The average North Salt Lake homeowner needs a 5.3-kilowatt system, which would cost about $12,120 with the federal tax credit, or $17,332 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar system you want, your solar contractor and more.With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in North Salt Lake find investing in solar can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in North Salt Lake that can help you get a more accurate cost estimate for your home.
Solar savings over time in North Salt Lake
Year | Return on Investment |
---|---|
1 years | $-11,124 |
3 years | $-9,132 |
5 years | $-7,140 |
7 years | $-5,147 |
9 years | $-3,155 |
11 years | $-1,163 |
13 years | $829 |
15 years | $2,822 |
17 years | $4,814 |
19 years | $6,806 |
21 years | $8,798 |
23 years | $10,791 |
25 years | $12,783 |
Top Solar Installers in North Salt Lake
Installing solar panels yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in North Salt Lake
Factors that Affect Solar Panel Costs in North Salt Lake
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in North Salt Lake: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,290.There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.While solar loans make adopting solar energy more accessible for North Salt Lake homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in North Salt Lake is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for example, you’ll have many options for solar installers that provide a range of services at different price points.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: If you care about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The model of solar panel you’d like plays a role in which company you should opt for, since different companies offer different panels.
- Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
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
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's North Salt Lake, UT Solar Cost FAQs
How much does it cost to install solar panels in North Salt Lake?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in North Salt Lake, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
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 level 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.