Solar Panel Cost Guide in Bountiful, UT (Jan 2023)
- Bountiful Solar Installation Cost: $9,868
- 25-Year Savings: $14,797
- Payback Period: 10.0 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Bountiful
Here's how much it might cost to switch to solar power in Bountiful.
In Bountiful, solar panels cost about $3 per watt on average. Because a 5.3-kW system is needed to cover the energy needs of a typical home in Bountiful, the average price of going solar will be about $9,868 before claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Bountiful homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on power bills.
To receive a free quote from a highly rated solar installer in Bountiful, you can click the button below.
Solar savings over time in Bountiful
| Year | Return on Investment |
|---|---|
| 1 years | $-8,881 |
| 3 years | $-6,908 |
| 5 years | $-4,935 |
| 7 years | $-2,962 |
| 9 years | $-989 |
| 11 years | $985 |
| 13 years | $2,958 |
| 15 years | $4,931 |
| 17 years | $6,904 |
| 19 years | $8,877 |
| 21 years | $10,850 |
| 23 years | $12,824 |
| 25 years | $14,797 |
Top Solar Installers in Bountiful
Trying to put up solar panels on your own can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you make the most of incentives in Bountiful, optimizing your ROI.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
See all of the solar companies in Bountiful
Factors that Affect Solar Panel Costs in Bountiful
Although the average cost of a solar system in Bountiful is $9,868, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Bountiful, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Bountiful provide solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also increases your overall costs, so it's crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can play a role in determining your pricing. Bountiful's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that has the products, warranties and services you want and also is within your budget.
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 | $16,413 | 10.4 years |
| 8 kW | $2.73 | $15,308 | $22,184 | 10.2 years |
| 10 kW | $2.68 | $18,760 | $28,106 | 10.0 years |
| 12 kW | $2.63 | $22,062 | $34,177 | 9.8 years |
| 14 kW | $2.57 | $25,213 | $40,399 | 9.6 years |
| 16 kW | $2.52 | $28,215 | $46,770 | 9.4 years |
| 18 kW | $2.47 | $31,067 | $53,292 | 9.2 years |
| 20 kW | $2.41 | $33,768 | $59,964 | 9.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: The brand of solar panel you'd like to install plays a role in which company you should opt for, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Bountiful, UT Solar Cost FAQs
How much does it cost to install solar panels in Bountiful?
The average cost of solar panels in Bountiful 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Bountiful?
A solar panel system isn't free in Bountiful, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Bountiful?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.