Solar Panel Cost Guide in Draper, UT (2025 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 needs 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 just averages, and how much solar costs for you will differ based on factors unique to your home and what company you choose to go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Draper find going solar has a decent ROI.
To calculate your potential savings and connect with a local solar expert, 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
Although you can install solar panels yourself, it involves extra effort and know-how. For that reason, most homeowners choose a solar panel installer. The payback period on a solar system will vary depending on factors like your roof configuration and energy use, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are several licensed solar professionals that can take care of your solar installation project. 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 Draper
Factors that Affect Solar Panel Costs in Draper
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Draper: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,290.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Draper, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Draper homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Draper is the company you get to install your solar system. As with choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Draper are more knowledgeable about local solar incentives and can help you learn about 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 | $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 a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar installers 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 go with.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, completion timeline rebates and warranties.
- Installation Process: When making the switch to solar, it’s crucial to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Draper, UT Solar Cost FAQs
What is the average cost of installing 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 real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels 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 can help lower the cost.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.