Solar Panel Cost Guide in Park City, KS (2024 Update)
- Park City Solar Installation Cost: $17,256
- 25-Year Savings: $28,622
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Park City
Let’s have a look at the average cost of solar in Park City.
In Park City, solar panels cost about 3 per watt on average.Since a 7.4-kW system is needed to cover the energy costs of a typical home in Park City, the average price of going solar will be about $17,256 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of going solar can vary depending on several factors, such as how many panels you need, your energy consumption and what installation company you go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $22,000 over 20 years on utility bills.
To receive a free quote from a vetted solar company in Park City, you can click the button below.
Solar savings over time in Park City
| Year | Return on Investment |
|---|---|
| 1 years | $-15,920 |
| 3 years | $-13,247 |
| 5 years | $-10,575 |
| 7 years | $-7,903 |
| 9 years | $-5,231 |
| 11 years | $-2,559 |
| 13 years | $113 |
| 15 years | $2,785 |
| 17 years | $5,457 |
| 19 years | $8,130 |
| 21 years | $10,802 |
| 23 years | $13,474 |
| 25 years | $16,146 |
Top Solar Installers in Park City
When switching to solar energy, many homeowners choose to go with a solar installation company since installing solar panels yourself can be a challenging project. Another good thing about going with a vetted solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
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
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
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Park City: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar 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 crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Park City to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can play a role in determining the cost. Park City’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $3.47 | $14,589 | $19,557 | 10.7 years |
| 8 kW | $3.41 | $19,078 | $26,449 | 10.5 years |
| 10 kW | $3.34 | $23,380 | $33,529 | 10.3 years |
| 12 kW | $3.27 | $27,495 | $40,796 | 10.1 years |
| 14 kW | $3.21 | $31,423 | $48,250 | 9.9 years |
| 16 kW | $3.14 | $35,164 | $55,892 | 9.7 years |
| 18 kW | $3.07 | $38,717 | $63,720 | 9.4 years |
| 20 kW | $3.01 | $42,084 | $71,735 | 9.2 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Installation Process: When making the switch to solar energy, it’s necessary to maintain an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project completion timeline.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
How much does it cost to install solar panels in Park City?
The average cost of solar panels in Park City is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Park City?
You can’t get solar panels for free in Park City. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Park City have a net metering program?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces 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 long do solar panels last in Park City?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.