Solar Panel Cost Guide in Eagle Mountain, UT (2024 Update)
- Eagle Mountain Solar Installation Cost: $11,996
- 25-Year Savings: $14,355
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Eagle Mountain
Let’s take a look at the average cost of solar panels in Eagle Mountain.
The average cost of a solar panel system in Eagle Mountain is 3 per watt.Using this figure, a typical 5.2-kW system would cost about $11,996 before the 0 federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may differ based on your specific situation and what company you want to go with.Even with the high initial cost, the average Eagle Mountain homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the perks of solar.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Eagle Mountain
| Year | Return on Investment |
|---|---|
| 1 years | $-10,999 |
| 3 years | $-9,007 |
| 5 years | $-7,015 |
| 7 years | $-5,023 |
| 9 years | $-3,030 |
| 11 years | $-1,038 |
| 13 years | $954 |
| 15 years | $2,946 |
| 17 years | $4,938 |
| 19 years | $6,931 |
| 21 years | $8,923 |
| 23 years | $10,915 |
| 25 years | $12,907 |
Top Solar Installers in Eagle Mountain
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Hiring a solar company can make converting to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
If you're searching for a solar company in Eagle Mountain, the EcoWatch team has put together a list of our top suggestions here:
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
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Eagle Mountain
Factors that Affect Solar Panel Costs in Eagle Mountain
Though the average cost of a solar system in Eagle Mountain is $11,996, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar panel system you need, 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 around $3,290. The brand of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions 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 searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Eagle Mountain, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Eagle Mountain is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, you’ll have no shortage of solar installers that provide a range of services for different budgets.The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $13,421 | 12.9 years |
| 8 kW | $3.36 | $18,792 | $18,263 | 12.7 years |
| 10 kW | $3.29 | $23,030 | $23,289 | 12.4 years |
| 12 kW | $3.22 | $27,083 | $28,500 | 12.2 years |
| 14 kW | $3.16 | $30,952 | $33,894 | 11.9 years |
| 16 kW | $3.09 | $34,637 | $39,473 | 11.7 years |
| 18 kW | $3.03 | $38,138 | $45,237 | 11.4 years |
| 20 kW | $2.96 | $41,454 | $51,184 | 11.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
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
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Eagle Mountain, UT Solar Cost FAQs
What is the average cost of installing solar panels in Eagle Mountain?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Eagle Mountain?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Eagle Mountain?
On average, the lifespan of solar panels is 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 higher 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.