Solar Panel Cost Guide in Ephraim, UT (2023 Update)
- Ephraim Solar Installation Cost: $9,804
- 25-Year Savings: $16,372
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ephraim
Let's take a look at the average cost of solar panels in Ephraim.
The national average cost of solar panels is $2.66 per watt, but in Ephraim it's 2.68 per watt. Using this figure, a typical 5.2-kW system would cost about $9,811 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you may vary based on your energy needs and what company you want to go with. With average savings of about $19,000 on utility bills over 20 years, many homeowners in Ephraim find investing in solar can be quite rewarding.
You can click the button below to get connected with a top solar installer in Ephraim that can help you get a more accurate cost estimate for your home.
Solar savings over time in Ephraim
| Year | Return on Investment |
|---|---|
| 1 years | $-8,808 |
| 3 years | $-6,816 |
| 5 years | $-4,824 |
| 7 years | $-2,831 |
| 9 years | $-839 |
| 11 years | $1,153 |
| 13 years | $3,145 |
| 15 years | $5,138 |
| 17 years | $7,130 |
| 19 years | $9,122 |
| 21 years | $11,114 |
| 23 years | $13,106 |
| 25 years | $15,099 |
Top Solar Installers in Ephraim
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using a solar panel installer can make your switch to solar power much easier. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
There are various licensed solar professionals that can help you install your solar system. 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 Ephraim
Factors that Affect Solar Panel Costs in Ephraim
While the average cost of a solar system in Ephraim is $9,811, your final cost may be above or below the average. There are quite a few 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 take into consideration.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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 around $2,680. There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you want 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
If paying for a solar system in cash is difficult, solar loans are a popular choice because they decrease your upfront costs and allow you to 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 loans, including the amount of 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 finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk 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 lower to compete with bigger names.
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 | $18,346 | 9.7 years |
| 8 kW | $2.73 | $15,308 | $24,762 | 9.6 years |
| 10 kW | $2.68 | $18,760 | $31,328 | 9.4 years |
| 12 kW | $2.63 | $22,062 | $38,043 | 9.2 years |
| 14 kW | $2.57 | $25,213 | $44,909 | 9.0 years |
| 16 kW | $2.52 | $28,215 | $51,925 | 8.8 years |
| 18 kW | $2.47 | $31,067 | $59,091 | 8.6 years |
| 20 kW | $2.41 | $33,768 | $66,407 | 8.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the completion timeline.
- 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 satisfied reviews from past customers.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Ephraim, UT Solar Cost FAQs
What is the average cost of installing solar panels in Ephraim?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Ephraim?
You can't get solar panels for free in Ephraim. However, you may still be able to get 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 completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,001.75 per year.
How long do solar panels last in Ephraim?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.