Solar Panel Cost Guide in Enoch, UT (2023 Update)
- Enoch Solar Installation Cost: $9,267
- 25-Year Savings: $12,267
- Payback Period: 10.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Enoch
Let's have a look at the average cost of solar in Enoch.
The average cost of a solar panel system in Enoch is 2.68 per watt. To cover the typical energy usage of the average home in Enoch, most homeowners require a 4.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,267, or $13,252 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with. But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on utility bills.
To get a free estimate from a top solar company in Enoch, you can click the button below.
Solar savings over time in Enoch
| Year | Return on Investment |
|---|---|
| 1 years | $-8,406 |
| 3 years | $-6,683 |
| 5 years | $-4,960 |
| 7 years | $-3,238 |
| 9 years | $-1,515 |
| 11 years | $208 |
| 13 years | $1,931 |
| 15 years | $3,653 |
| 17 years | $5,376 |
| 19 years | $7,099 |
| 21 years | $8,822 |
| 23 years | $10,545 |
| 25 years | $12,267 |
Top Solar Installers in Enoch
When switching to solar energy, many homeowners opt to go with a solar company since overseeing your solar installation yourself can be a challenging project. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for your family.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Enoch
Factors that Affect Solar Panel Costs in Enoch
The cost of installing a solar system in Enoch can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,680. The brand and kind of equipment you get 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater 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
If paying for solar panels in cash is too expensive, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. 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're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies in Enoch, and each can charge varying amounts for labor and equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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 | $2.79 | $11,706 | $14,450 | 11.2 years |
| 8 kW | $2.73 | $15,308 | $19,567 | 11.0 years |
| 10 kW | $2.68 | $18,760 | $24,833 | 10.8 years |
| 12 kW | $2.63 | $22,062 | $30,250 | 10.5 years |
| 14 kW | $2.57 | $25,213 | $35,817 | 10.3 years |
| 16 kW | $2.52 | $28,215 | $41,535 | 10.1 years |
| 18 kW | $2.47 | $31,067 | $47,402 | 9.9 years |
| 20 kW | $2.41 | $33,768 | $53,419 | 9.7 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- 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 considerable role in the company you hire.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Enoch, UT Solar Cost FAQs
What is the average cost of installing solar panels in Enoch?
The average cost of solar panels in Enoch is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Enoch?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $871.87 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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.