Solar Panel Cost Guide in Cedar City, UT (Oct 2022)
- Cedar City Solar Installation Cost: $9,267
- 25-Year Savings: $12,267
- Payback Period: 10.8 Years
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Updated 9/16/2022
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Average Cost of Solar Panels in Cedar City
Let's take a look at the average cost of solar panels in Cedar City.
The national average cost of solar panels is $2.66 per watt, but in Cedar City it's $3 per watt. Using this figure, a typical 4.9 would cost about $9,267 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Cedar City based on a few factors, such as the kind of solar panels you choose and the solar company you hire. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $17,000 in savings on electricity bills over 20 years.
To receive a free estimate from a vetted solar installation company in Cedar City, you can click the button below.
Solar savings over time in Cedar City
| Year | Return on Investment |
|---|---|
| 1 years | $-8,406 |
| 3 years | $-6,683 |
| 5 years | $-4,960 |
| 7 years | $-3,238 |
| 9 years | $-1,515 |
| 11 years | $208 |
| 13 years | $1,931 |
| 15 years | $3,653 |
| 17 years | $5,376 |
| 19 years | $7,099 |
| 21 years | $8,822 |
| 23 years | $10,545 |
| 25 years | $12,267 |
Top Solar Installers in Cedar City
Many homeowners choose to hire a solar panel company since trying to install solar panels yourself can be a labor-intensive endeavor. Another perk of utilizing a solar installer is that they can help you make the most of your ROI by bringing down your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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
The cost of installing a solar system in Cedar City can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment Size
When it comes to estimating the price of a solar system in Cedar City, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,680 for each additional kilowatt you need. There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far 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 challenging. Solar loans are available from most installers in Cedar City, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your all-in costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Cedar City is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $14,450 | 11.2 years |
| 8 kW | $2.73 | $15,308 | $19,567 | 11.0 years |
| 10 kW | $2.68 | $18,760 | $24,833 | 10.8 years |
| 12 kW | $2.63 | $22,062 | $30,250 | 10.5 years |
| 14 kW | $2.57 | $25,213 | $35,817 | 10.3 years |
| 16 kW | $2.52 | $28,215 | $41,535 | 10.1 years |
| 18 kW | $2.47 | $31,067 | $47,402 | 9.9 years |
| 20 kW | $2.41 | $33,768 | $53,419 | 9.7 years |
Solar Incentives in Cedar City
| Name | Renewable Energy Systems Tax Credit (Corporate) |
| Website | Visit here |
| More Info | Click here |
| Name | Renewable Energy Systems Tax Credit (Personal) |
| Website | Visit here |
| More Info | Click here |
| Name | Rocky Mountain Power - wattsmart Residential Efficiency Program |
| Website | Visit here |
| More Info | Click here |
| Name | Residential Renewable Energy Tax Credit |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
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
What is the average cost of installing solar panels in Cedar City?
This is a difficult question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cedar City is currently $220,957, so you can expect about a value of about $9,059 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Cedar City is a fruitful investment.
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 average daily 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.
