Solar Panel Cost Guide in Park City, KS (Mar 2023)
- Park City Solar Installation Cost: $13,380
- 25-Year Savings: $28,623
- Payback Period: 8.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Park City
Find out what the average cost of solar panel installation is in Park City.
Although the national average of solar panels is $2.66 per watt, solar panels in Park City typically cost about 2.59. The average solar panel system size in Park City is around 7.4 kilowatts, meaning a cost of about $13,380 for a solar installation, or $19,133 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Park City homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the significant upfront cost, the average Park City homeowner can save about $22,000 on their electricity bills over 20 years, which is one of the positives of solar.
To calculate your potential savings and connect with a local solar installer, 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
Trying to put up solar panels yourself can be a time-consuming project, which is why using a solar installer is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be right for your family.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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
The cost of installing a solar system in Park City can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,590 per kilowatt in Park City. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 a small roof or just want maximum energy production, you will be looking at 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 power bills over time, but they can also be a significant investment. That's why many Park City homeowners decide to finance their solar panel systems to offset upfront costs. While solar loans make switching to solar energy more accessible for Park City homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Park City, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration 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 areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,138.19 per year.
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 amount of sunlight your roof gets. You can take a 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 account for 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.