Solar Panel Cost Guide in Draper, UT (2024 Update)
- Draper Solar Installation Cost: $12,033
- 25-Year Savings: $13,914
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Draper
See how much it might cost to go solar in Draper.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Draper, the average cost of solar panels is 3 per watt.Since a 5.2-kW system is needed to cover the energy consumption of a typical home in Draper, the average price of going solar will be about $12,033 after claiming the federal solar tax credit of 0.
These figures are only averages, and the cost of going solar for you will look different based on your specific situation and what company you choose to go with.With average savings of about $17,000 on electricity bills over 20 years, many homeowners in Draper find going solar can be quite rewarding.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Draper
| Year | Return on Investment |
|---|---|
| 1 years | $-11,037 |
| 3 years | $-9,044 |
| 5 years | $-7,052 |
| 7 years | $-5,060 |
| 9 years | $-3,068 |
| 11 years | $-1,075 |
| 13 years | $917 |
| 15 years | $2,909 |
| 17 years | $4,901 |
| 19 years | $6,893 |
| 21 years | $8,886 |
| 23 years | $10,878 |
| 25 years | $12,870 |
Top Solar Installers in Draper
When making the switch to solar, many homeowners prefer to go with a solar installer since putting up solar panels yourself can be a time-consuming project. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives you can take advantage of and by offering warranties and repairs.
If you're searching for a solar company in Draper, we've compiled a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Draper
Factors that Affect Solar Panel Costs in Draper
Although the average cost of a solar system in Draper is $12,033, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel 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 determines the overall cost of going solar. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and type of equipment you want for your solar system can raise or lower 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 add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Draper provide solar loans, which reduce the initial cost of installing solar.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Draper, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Draper are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $3.42 | $14,371 | $12,864 | 13.2 years |
| 8 kW | $3.36 | $18,792 | $17,520 | 12.9 years |
| 10 kW | $3.29 | $23,030 | $22,361 | 12.7 years |
| 12 kW | $3.22 | $27,083 | $27,386 | 12.4 years |
| 14 kW | $3.16 | $30,952 | $32,595 | 12.2 years |
| 16 kW | $3.09 | $34,637 | $37,988 | 11.9 years |
| 18 kW | $3.03 | $38,138 | $43,566 | 11.7 years |
| 20 kW | $2.96 | $41,454 | $49,328 | 11.4 years |
How to Save on Solar Panels
There are numerous companies to choose from in Draper, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Draper, UT Solar Cost FAQs
How much does it cost to install solar panels in Draper?
The average cost of solar panels in Draper is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Draper?
A solar panel system isn’t free in Draper, 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 you can take advantage of.
Is it worth going solar in Draper?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.