Solar Panel Cost Guide in Santaquin, UT (2024 Update)
- Santaquin Solar Installation Cost: $12,000
- 25-Year Savings: $16,070
- Payback Period: 11.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Santaquin
Here’s how much it might cost to make the switch to solar in Santaquin.
Although the national average of solar panels is $2.66 per watt, solar panels in Santaquin generally cost about 3.The average solar panel system size in Santaquin is around 5.2 kilowatts, meaning a cost of about $12,000 for a solar installation, or $17,160 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Santaquin homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the high upfront cost, the average Santaquin homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Santaquin
| Year | Return on Investment |
|---|---|
| 1 years | $-11,003 |
| 3 years | $-9,011 |
| 5 years | $-7,019 |
| 7 years | $-5,027 |
| 9 years | $-3,035 |
| 11 years | $-1,042 |
| 13 years | $950 |
| 15 years | $2,942 |
| 17 years | $4,934 |
| 19 years | $6,927 |
| 21 years | $8,919 |
| 23 years | $10,911 |
| 25 years | $12,903 |
Top Solar Installers in Santaquin
When going solar, many homeowners prefer to use a solar installation company since installing solar panels yourself can be a challenging project. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Santaquin:
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 Santaquin
Factors that Affect Solar Panel Costs in Santaquin
There are several factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of a solar panel system in Santaquin, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $3,290 for each additional kilowatt you need.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Santaquin homeowners opt to finance their solar panel systems to make paying for solar more affordable.While solar loans make going solar more accessible for Santaquin homeowners, they can also add to the total you pay for your system due to interest. If you make 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 consider when trying to figure out the cost of solar for your home or business in Santaquin is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Santaquin know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $15,390 | 12.1 years |
| 8 kW | $3.36 | $18,792 | $20,889 | 11.8 years |
| 10 kW | $3.29 | $23,030 | $26,572 | 11.6 years |
| 12 kW | $3.22 | $27,083 | $32,439 | 11.4 years |
| 14 kW | $3.16 | $30,952 | $38,490 | 11.1 years |
| 16 kW | $3.09 | $34,637 | $44,725 | 10.9 years |
| 18 kW | $3.03 | $38,138 | $51,145 | 10.7 years |
| 20 kW | $2.96 | $41,454 | $57,749 | 10.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you’re concerned about the durability of your solar energy system, verifying that 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 carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- 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 secure 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
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 Santaquin, UT Solar Cost FAQs
What is the average cost of installing solar panels in Santaquin?
This is a hard question to answer exactly, because the cost depends on many 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 needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Santaquin?
You can’t get solar panels for free in Santaquin. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Santaquin, 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 long do solar panels last in Santaquin?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.