Solar Panel Cost Guide in Elk Ridge, UT (2024 Update)
- Elk Ridge Solar Installation Cost: $11,996
- 25-Year Savings: $16,237
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Elk Ridge
Find out what the average cost of installing solar panels is in Elk Ridge.
The national average cost of solar panels is $2.66 per watt, but in Elk Ridge it’s 3 per watt.The average solar panel system size in Elk Ridge is around 5.2 kilowatts, meaning a cost of about $11,996 for a solar installation, or $17,154 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Elk Ridge homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $19,000 on utility bills over 20 years, many homeowners in Elk Ridge find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Elk Ridge for a quote for your home.
Solar savings over time in Elk Ridge
| 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 Elk Ridge
Although it's possible to install solar panels on your own, it takes extra time and know-how. Because of that, the majority of homeowners choose to hire a solar panel installer. Another benefit of working with a solar company is that they can help you optimize your investment by bringing down your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Elk Ridge
Factors that Affect Solar Panel Costs in Elk Ridge
For many Elk Ridge homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Elk Ridge, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,290. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Elk Ridge offer solar loans, which reduce your upfront costs of installing solar panels.It’s a good idea 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 how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Elk Ridge is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services at different costs.Additionally, some companies in Elk Ridge 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 that service. 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 | $15,588 | 12.0 years |
| 8 kW | $3.36 | $18,792 | $21,153 | 11.8 years |
| 10 kW | $3.29 | $23,030 | $26,902 | 11.5 years |
| 12 kW | $3.22 | $27,083 | $32,835 | 11.3 years |
| 14 kW | $3.16 | $30,952 | $38,952 | 11.1 years |
| 16 kW | $3.09 | $34,637 | $45,254 | 10.8 years |
| 18 kW | $3.03 | $38,138 | $51,740 | 10.6 years |
| 20 kW | $2.96 | $41,454 | $58,410 | 10.4 years |
How to Save on Solar Panels
There are numerous companies available in Elk Ridge, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project completion timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
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 Elk Ridge, UT Solar Cost FAQs
What is the average cost of installing solar panels in Elk Ridge?
The average cost of solar panels in Elk Ridge 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Elk Ridge?
You can’t get solar panels for free in Elk Ridge. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Elk Ridge, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 buy between 20 and 35 panels to cover 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.