Solar Panel Cost Guide in Provo, UT (2024 Update)
- Provo Solar Installation Cost: $11,996
- 25-Year Savings: $14,346
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Provo
Let’s have a look at the average cost of solar in Provo.
The national average cost of solar panels is $2.66 per watt, but in Provo it’s 3 per watt.Using this figure, a typical 5.2-kW system would cost about $11,996 before the 0 federal solar tax credit is applied.
Keep in mind 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 panels you want to get, your solar contractor and more.Many homeowners find adopting solar power is a solid investment. The average homeowner in Provo can save about $18,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Provo for a quote for your home.
Solar savings over time in Provo
| Year | Return on Investment |
|---|---|
| 1 years | $-10,981 |
| 3 years | $-8,951 |
| 5 years | $-6,922 |
| 7 years | $-4,892 |
| 9 years | $-2,863 |
| 11 years | $-833 |
| 13 years | $1,196 |
| 15 years | $3,226 |
| 17 years | $5,255 |
| 19 years | $7,285 |
| 21 years | $9,314 |
| 23 years | $11,344 |
| 25 years | $13,373 |
Top Solar Installers in Provo
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make switching to solar power much easier. Some solar companies, particularly local ones, can help you take advantage of incentives in Provo, therefore optimizing your ROI.
If you're looking for a solar company in Provo, the EcoWatch team has organized 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 Provo
Factors that Affect Solar Panel Costs in Provo
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Provo: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,290 per kilowatt in Provo.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Provo, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Provo, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you pick will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Provo are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,411 | 12.9 years |
| 8 kW | $3.36 | $18,792 | $18,250 | 12.7 years |
| 10 kW | $3.29 | $23,030 | $23,273 | 12.4 years |
| 12 kW | $3.22 | $27,083 | $28,480 | 12.2 years |
| 14 kW | $3.16 | $30,952 | $33,872 | 11.9 years |
| 16 kW | $3.09 | $34,637 | $39,448 | 11.7 years |
| 18 kW | $3.03 | $38,138 | $45,208 | 11.4 years |
| 20 kW | $2.96 | $41,454 | $51,152 | 11.2 years |
How to Save on Solar Panels
There are many companies available in Provo, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: If you care about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
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 Provo, UT Solar Cost FAQs
How much does it cost to install solar panels in Provo?
This is a tough question to answer precisely, because the cost depends on a variety of 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Provo?
A solar panel system isn’t free in Provo, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Provo is currently $456,589, which means you could be looking at a value of about $18,720 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Provo is a fruitful investment.
How long do solar panels last in Provo?
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.