Solar Panel Cost Guide in Summit Park, UT (2024 Update)
- Summit Park Solar Installation Cost: $11,965
- 25-Year Savings: $16,430
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Summit Park
Find out what the average cost of solar panel installation is in Summit Park.
The average cost of a solar system in Summit Park is 3 per watt.To account for the typical energy needs of the average home in Summit Park, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs about $11,965, or $17,110 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more.With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Summit Park find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Summit Park that can help you get a more accurate cost estimate for your home.
Solar savings over time in Summit Park
| Year | Return on Investment |
|---|---|
| 1 years | $-10,969 |
| 3 years | $-8,977 |
| 5 years | $-6,984 |
| 7 years | $-4,992 |
| 9 years | $-3,000 |
| 11 years | $-1,008 |
| 13 years | $984 |
| 15 years | $2,977 |
| 17 years | $4,969 |
| 19 years | $6,961 |
| 21 years | $8,953 |
| 23 years | $10,946 |
| 25 years | $12,938 |
Top Solar Installers in Summit Park
Trying to put up solar panels yourself can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. Local solar installers can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you're searching for a solar company in Summit Park, 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 Summit Park
Factors that Affect Solar Panel Costs in Summit Park
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Summit Park: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Summit Park, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Summit Park homeowners choose to finance their solar panel systems to make paying for solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect your pricing. Summit Park’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Summit Park are more knowledgeable about local solar incentives and can help you learn about 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 | $15,859 | 11.9 years |
| 8 kW | $3.36 | $18,792 | $21,514 | 11.7 years |
| 10 kW | $3.29 | $23,030 | $27,353 | 11.4 years |
| 12 kW | $3.22 | $27,083 | $33,377 | 11.2 years |
| 14 kW | $3.16 | $30,952 | $39,584 | 11.0 years |
| 16 kW | $3.09 | $34,637 | $45,976 | 10.7 years |
| 18 kW | $3.03 | $38,138 | $52,552 | 10.5 years |
| 20 kW | $2.96 | $41,454 | $59,313 | 10.3 years |
How to Save on Solar Panels
The solar company you go with will influence 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 a few important things you should consider, such as:
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
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 Summit Park, UT Solar Cost FAQs
How much does it cost to install solar panels in Summit Park?
The average cost of solar panels in Summit Park is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Summit Park?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use 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.