Solar Panel Cost Guide in Park City, KS (Dec 2022)

  • Park City Solar Installation Cost: $13,380
  • 25-Year Savings: $28,623
  • Payback Period: 8.0 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Park City

See how much it might cost to switch to solar power in Park City.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Park City, the average cost of a solar system is $3 per watt. To account for the typical energy needs of the average home in Park City, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,380, or $9,901 after the federal solar tax credit of 30% is applied.

These figures are only averages, and your own solar costs will vary based on factors unique to your home and what company you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $22,000 over 20 years on energy bills.

To receive a free estimate from a vetted solar installation company in Park City, you can click the button below.

Solar savings over time in Park City

Year Return on Investment
1 years $-11,700
3 years $-8,340
5 years $-4,979
7 years $-1,619
9 years $1,741
11 years $5,101
13 years $8,461
15 years $11,822
17 years $15,182
19 years $18,542
21 years $21,902
23 years $25,262
25 years $28,623

Top Solar Installers in Park City

Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using a solar panel installer can make your switch to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.

You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Park City

Factors that Affect Solar Panel Costs in Park City

For many Park City homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Park City, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,590 per kilowatt in Park City. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you're looking to install 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 out of pocket can be difficult. Solar loans are provided by most installers in Park City, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.

Solar Panel Installation Company

The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Park City, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.69 $11,313 $22,833 8.3 years
8 kW $2.64 $14,794 $30,733 8.1 years
10 kW $2.59 $18,130 $38,779 8.0 years
12 kW $2.54 $21,321 $46,970 7.8 years
14 kW $2.49 $24,367 $55,306 7.6 years
16 kW $2.43 $27,268 $63,788 7.5 years
18 kW $2.38 $30,023 $72,414 7.3 years
20 kW $2.33 $32,634 $81,185 7.2 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:

  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
  • Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
  • Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
  • Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Park City, KS Solar Cost FAQs

What is the average cost of installing solar panels in Park City?

The average cost of solar panels in Park City is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Park City?

Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Do solar panels increase how much your home is worth?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Park City is currently $127,074, so you could be looking at a value of about $5,210 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Park City is a rewarding investment.

How long do solar panels last in Park City?

Although 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 how much energy they produce will have decreased significantly after that point. You can 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.

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