16 Best Solar Companies in Salt Lake City, UT (Jul 2022 Review)

The Cost and Benefits of Solar in Salt Lake City

The cost of installing a solar panel system has decreased significantly in the past few years, but it's still a substantial investment for most homeowners. There are quite a few factors you should take into consideration when determining how much it will cost and how much you can save, such as:

• average energy usage: The more electricity your household uses on average and the steeper your current electricity bills are, the more money you could save by switching to solar.
• The type of solar panel system you have the money for: This hinges on how much you're willing to spend upfront.
• Incentives: Those who install a solar energy system this year can save 26% of their solar installation costs by using the federal solar investment tax credit. You can also save about $19,000 on your energy bills over 20 years without incentives.
• The amount of sunlight your rooftop gets: Thanks to Salt Lake City's very high amount of average daily sunlight, you should be able to save a lot on your electricity bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and your local electricity rates.

Solar Incentives in Salt Lake City

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. These incentives usually consist of cash rebates, tax benefits and/or performance-based incentives. They can reduce the cost of going solar by 26 to 50% in some cases. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Salt Lake City

There are a few main reasons why people are considering solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Salt Lake City, though. In a city like Salt Lake City where energy use is rather high, making the switch to solar power is a good idea for people who are eco-conscious. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. If you want to do what you can for the environment, you'll likely understand that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is priceless.