Solar Panel Cost Guide in Blanding, UT (2023 Update)
- Blanding Solar Installation Cost: $9,267
- 25-Year Savings: $20,594
- Payback Period: 7.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Blanding
We go over average solar pricing in Blanding.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Blanding, the average cost of solar panels is 2.68 per watt. The average solar panel system size in Blanding is around 4.9 kilowatts, meaning a cost of about $9,267 for a solar installation, or $13,252 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will vary based on factors unique to your home and what company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $23,000 over 20 years on electricity bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Blanding
| Year | Return on Investment |
|---|---|
| 1 years | $-8,073 |
| 3 years | $-5,684 |
| 5 years | $-3,295 |
| 7 years | $-906 |
| 9 years | $1,483 |
| 11 years | $3,872 |
| 13 years | $6,261 |
| 15 years | $8,649 |
| 17 years | $11,038 |
| 19 years | $13,427 |
| 21 years | $15,816 |
| 23 years | $18,205 |
| 25 years | $20,594 |
Top Solar Installers in Blanding
When going solar, many homeowners opt to hire a solar installer since putting up a solar system yourself can be a time-consuming project. Plus, if you're unsure what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Blanding
Factors that Affect Solar Panel Costs in Blanding
For many Blanding homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Blanding, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Blanding average.
Solar Financing Terms
Many homeowners find the average cost of solar in Blanding to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in Blanding, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.79 | $11,706 | $24,530 | 8.1 years |
| 8 kW | $2.73 | $15,308 | $33,007 | 7.9 years |
| 10 kW | $2.68 | $18,760 | $41,634 | 7.8 years |
| 12 kW | $2.63 | $22,062 | $50,411 | 7.6 years |
| 14 kW | $2.57 | $25,213 | $59,338 | 7.5 years |
| 16 kW | $2.52 | $28,215 | $68,415 | 7.3 years |
| 18 kW | $2.47 | $31,067 | $77,642 | 7.1 years |
| 20 kW | $2.41 | $33,768 | $87,019 | 7.0 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Blanding, UT Solar Cost FAQs
How much does it cost to install solar panels in Blanding?
The average cost of solar panels in Blanding is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Blanding?
Leasing solar panels can be an option if you can't afford to pay upfront or secure 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 the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Blanding is currently $163,400, which means you can look forward to a value of about $6,699 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Blanding is a rewarding investment.
How long do solar panels last in Blanding?
Even though 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 their energy production will have decreased significantly after that point. You can decide to replace them after having 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.