Solar Panel Cost Guide in South Salt Lake, UT (2024 Update)
- South Salt Lake Solar Installation Cost: $12,070
- 25-Year Savings: $16,344
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in South Salt Lake
Find out what the average cost of a solar system is in South Salt Lake.
In South Salt Lake, solar panels cost about 3 per watt on average.The average South Salt Lake homeowner needs a 5.2-kilowatt system, which would cost about $12,070 with the federal tax credit, or $17,260 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in South Salt Lake see about $19,000 in savings on utility bills over 20 years.
To receive a free estimate from a top solar installer in South Salt Lake, you can click the button below.
Solar savings over time in South Salt Lake
Year | Return on Investment |
---|---|
1 years | $-11,074 |
3 years | $-9,082 |
5 years | $-7,090 |
7 years | $-5,097 |
9 years | $-3,105 |
11 years | $-1,113 |
13 years | $879 |
15 years | $2,872 |
17 years | $4,864 |
19 years | $6,856 |
21 years | $8,848 |
23 years | $10,840 |
25 years | $12,833 |
Top Solar Installers in South Salt Lake
When switching to solar energy, many homeowners decide to go with a solar installation company since putting up a solar system yourself can be a time-consuming project. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in South Salt Lake
Factors that Affect Solar Panel Costs in South Salt Lake
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar 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 about $3,290. There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in South Salt Lake, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.Even though solar loans make adopting solar energy more accessible for South Salt Lake homeowners, they can also add to the total you pay for your system, depending on your interest rate. 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 panel installation company you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in South Salt Lake know more about local solar incentives and can help you make good use of 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 help you save 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 | $15,596 | 12.0 years |
8 kW | $3.36 | $18,792 | $21,163 | 11.8 years |
10 kW | $3.29 | $23,030 | $26,914 | 11.5 years |
12 kW | $3.22 | $27,083 | $32,850 | 11.3 years |
14 kW | $3.16 | $30,952 | $38,970 | 11.1 years |
16 kW | $3.09 | $34,637 | $45,274 | 10.8 years |
18 kW | $3.03 | $38,138 | $51,762 | 10.6 years |
20 kW | $2.96 | $41,454 | $58,435 | 10.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's South Salt Lake, UT Solar Cost FAQs
How much does it cost to install solar panels in South Salt Lake?
The average cost of solar panels in South Salt Lake is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does South Salt Lake have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.