Solar Panel Cost Guide in Cottonwood Heights, UT (2023 Update)
- Cottonwood Heights Solar Installation Cost: $9,830
- 25-Year Savings: $14,660
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Cottonwood Heights
Find out what the average cost of installing solar panels is in Cottonwood Heights.
In Cottonwood Heights, solar panels cost about 2.68 per watt on average. Since a 5.2-kW system is needed to cover the energy consumption of a typical home in Cottonwood Heights, the average price of going solar will be about $9,830 after claiming the federal solar tax credit of 30%.
The true price you pay can go higher or lower than the average in Cottonwood Heights depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $18,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Cottonwood Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-8,851 |
| 3 years | $-6,891 |
| 5 years | $-4,932 |
| 7 years | $-2,973 |
| 9 years | $-1,014 |
| 11 years | $945 |
| 13 years | $2,904 |
| 15 years | $4,864 |
| 17 years | $6,823 |
| 19 years | $8,782 |
| 21 years | $10,741 |
| 23 years | $12,700 |
| 25 years | $14,660 |
Top Solar Installers in Cottonwood Heights
Many homeowners choose to hire a solar panel company since figuring out how to install solar panels yourself can be time-consuming. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
There are a number of 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 Cottonwood Heights
Factors that Affect Solar Panel Costs in Cottonwood Heights
The cost of installing a solar system in Cottonwood Heights can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, 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 $2,680. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Cottonwood Heights homeowners opt to finance their solar panel systems to make going solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect the cost. Cottonwood Heights' solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $16,329 | 10.4 years |
| 8 kW | $2.73 | $15,308 | $22,073 | 10.2 years |
| 10 kW | $2.68 | $18,760 | $27,966 | 10.0 years |
| 12 kW | $2.63 | $22,062 | $34,010 | 9.8 years |
| 14 kW | $2.57 | $25,213 | $40,203 | 9.6 years |
| 16 kW | $2.52 | $28,215 | $46,547 | 9.4 years |
| 18 kW | $2.47 | $31,067 | $53,040 | 9.2 years |
| 20 kW | $2.41 | $33,768 | $59,684 | 9.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, 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:
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
- 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 big role in the company you opt for.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: If you're concerned about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Cottonwood Heights, UT Solar Cost FAQs
What is the average cost of installing solar panels in Cottonwood Heights?
The average cost of solar panels in Cottonwood Heights 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 type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Cottonwood Heights?
Solar panels aren't free in Cottonwood Heights, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.