Solar Panel Cost Guide in Cedar City, UT (Aug 2022)
- Cedar City Solar Installation Cost: $9,797
- 25-Year Savings: $11,738
- Payback Period: 11.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated 7/19/2022
Why you can trust EcoWatch
Average Cost of Solar Panels in Cedar City
See how much it might cost to switch to solar power in Cedar City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cedar City, the typical cost of solar panels is $3 per watt. The average solar panel system size in Cedar City is around 4.9 kilowatts, meaning a cost of about $9,797 for a solar installation, or $7,250 after the federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Cedar City depending on several factors, such as the brand of solar panels you choose and the solar company you hire. Even with the significant upfront cost, the average Cedar City homeowner can save about $17,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar installer in Cedar City that can help you get a more accurate cost estimate for your home.
Solar savings over time in Cedar City
| Year | Return on Investment |
|---|---|
| 1 years | $-8,936 |
| 3 years | $-7,213 |
| 5 years | $-5,490 |
| 7 years | $-3,767 |
| 9 years | $-2,044 |
| 11 years | $-322 |
| 13 years | $1,401 |
| 15 years | $3,124 |
| 17 years | $4,847 |
| 19 years | $6,569 |
| 21 years | $8,292 |
| 23 years | $10,015 |
| 25 years | $11,738 |
Top Solar Installers in Cedar City
Installing solar panels by yourself can be a time-consuming project, which is why getting a solar installer is a good option for many homeowners. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Cedar City:
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 Cedar City
Factors that Affect Solar Panel Costs in Cedar City
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Cedar 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 Size
System size is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. Although solar loans make switching to solar energy more accessible for Cedar City homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Cedar City is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for instance, you'll have many options for solar installers that offer a range of services at different price points. Additionally, some companies in Cedar City have more knowledge 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 end up saving you 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 | $2.79 | $12,375 | $13,781 | 11.8 years |
| 8 kW | $2.73 | $16,183 | $18,692 | 11.6 years |
| 10 kW | $2.68 | $19,832 | $23,761 | 11.4 years |
| 12 kW | $2.63 | $23,322 | $28,990 | 11.1 years |
| 14 kW | $2.57 | $26,654 | $34,377 | 10.9 years |
| 16 kW | $2.52 | $29,827 | $39,922 | 10.7 years |
| 18 kW | $2.47 | $32,842 | $45,626 | 10.5 years |
| 20 kW | $2.41 | $35,698 | $51,489 | 10.2 years |
Solar Incentives in Cedar City
| Name | Renewable Energy Systems Tax Credit (Corporate) |
| Incentive Amount | Commercial wind, geothermal electric, and biomass systems 660 kW or greater, and solar PV systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years Other commercial technologies and commercial wind, geothermal electric, solar PV, and biomass systems smaller than 600 kW: 10% of installed cost Photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost |
| Incentive Max | Residential: $2,000 Commercial Production Tax Credit: No limit Commercial Investment Tax Credit: $50,000 |
| Website | Visit here |
| More Info | Click here |
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit here |
| Name | Renewable Energy Systems Tax Credit (Personal) |
| Incentive Amount | Residential: 25% Commercial wind, geothermal electric, and biomass systems 660 kW or greater 0.35¢/kWh ($0.0035/kWh) for 4 years Other commercial technologies and commercial wind, geothermal electric, and biomass systems smaller than 660 kW: 10% of installed cost Solar photovoltaic systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years Solar photovoltaic systems smaller than 660 kW: 10% of installed costSolar photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost |
| Incentive Max | Residential: $2,000 (phases down for PV systems beginning in 2018) Commercial Production Tax Credit: No limit Commercial Investment Tax Credit: $50,000 |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
There are a lot of companies to choose from in Cedar City, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you need to get plays a role in which installer you should go with, since different companies have different panels.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Cedar City, UT Solar Cost FAQs
How much does it cost to install solar panels in Cedar City?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
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.
