Solar Panel Cost Guide in Bountiful, UT (2024 Update)
- Bountiful Solar Installation Cost: $12,120
- 25-Year Savings: $14,792
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Bountiful
We go over average solar pricing in Bountiful.
The average cost of a solar panel system in Bountiful is 3 per watt.Using this figure, a typical 5.3-kW system would cost about $12,120 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Bountiful based on several factors, such as the kind of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Bountiful see about $18,000 in savings on energy bills over 20 years.
To receive a free quote from a top solar company in Bountiful, you can click the button below.
Solar savings over time in Bountiful
| Year | Return on Investment |
|---|---|
| 1 years | $-11,129 |
| 3 years | $-9,148 |
| 5 years | $-7,167 |
| 7 years | $-5,185 |
| 9 years | $-3,204 |
| 11 years | $-1,223 |
| 13 years | $759 |
| 15 years | $2,740 |
| 17 years | $4,722 |
| 19 years | $6,703 |
| 21 years | $8,684 |
| 23 years | $10,666 |
| 25 years | $12,647 |
Top Solar Installers in Bountiful
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be a lot of work. Also, if you’d like to maximize your investment in solar, using a solar company can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
If you’d like to make the switch to solar but still aren’t sure which solar system installer to go with, here are our suggestions for providers in Bountiful:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Bountiful
Factors that Affect Solar Panel Costs in Bountiful
For many Bountiful homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Bountiful, 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
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,290. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose 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 financially overwhelming. Solar loans are offered by most installers in Bountiful, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Bountiful, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Bountiful are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.42 | $14,371 | $13,749 | 12.8 years |
| 8 kW | $3.36 | $18,792 | $18,700 | 12.5 years |
| 10 kW | $3.29 | $23,030 | $23,836 | 12.3 years |
| 12 kW | $3.22 | $27,083 | $29,156 | 12.0 years |
| 14 kW | $3.16 | $30,952 | $34,660 | 11.8 years |
| 16 kW | $3.09 | $34,637 | $40,348 | 11.5 years |
| 18 kW | $3.03 | $38,138 | $46,221 | 11.3 years |
| 20 kW | $2.96 | $41,454 | $52,278 | 11.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- 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 completed and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Bountiful, UT Solar Cost FAQs
What is the average cost of installing solar panels in Bountiful?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Bountiful?
Leasing solar panels can be an option if you are unable 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.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $937.32 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 level 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.