Solar Panel Cost Guide in Farmington, UT (2023 Update)
- Farmington Solar Installation Cost: $9,868
- 25-Year Savings: $13,971
- Payback Period: 10.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Farmington
We break down average solar pricing in Farmington.
The average cost of solar panels in Farmington is 2.68 per watt. Using this figure, a typical 5.3-kW system would cost about $9,868 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Farmington homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the significant initial cost, the average Farmington homeowner can save around $17,000 on their energy bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar installer in Farmington that can help you get a more accurate cost estimate for your home.
Solar savings over time in Farmington
| Year | Return on Investment |
|---|---|
| 1 years | $-8,914 |
| 3 years | $-7,007 |
| 5 years | $-5,100 |
| 7 years | $-3,193 |
| 9 years | $-1,286 |
| 11 years | $621 |
| 13 years | $2,529 |
| 15 years | $4,436 |
| 17 years | $6,343 |
| 19 years | $8,250 |
| 21 years | $10,157 |
| 23 years | $12,064 |
| 25 years | $13,971 |
Top Solar Installers in Farmington
Many homeowners opt for a solar installation company since trying to put up solar panels yourself can be a lot of work. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over time.
You can get a free estimate from a local solar installer on how much solar panels could cost 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 Farmington
Factors that Affect Solar Panel Costs in Farmington
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Farmington: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,680 per kilowatt in Farmington. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 can expect 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 increase the cost.
Solar Financing Terms
Most solar installers in Farmington provide solar loans, which reduce your upfront costs of installing solar. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you pick will influence your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater 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 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 | $2.79 | $11,706 | $15,472 | 10.8 years |
| 8 kW | $2.73 | $15,308 | $20,930 | 10.6 years |
| 10 kW | $2.68 | $18,760 | $26,537 | 10.4 years |
| 12 kW | $2.63 | $22,062 | $32,295 | 10.1 years |
| 14 kW | $2.57 | $25,213 | $38,202 | 9.9 years |
| 16 kW | $2.52 | $28,215 | $44,260 | 9.7 years |
| 18 kW | $2.47 | $31,067 | $50,468 | 9.5 years |
| 20 kW | $2.41 | $33,768 | $56,826 | 9.3 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 find the right company for you, here are some tips to keep in mind:
- Warranty: If you're worried about the endurance of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Farmington, UT Solar Cost FAQs
How much does it cost to install solar panels in Farmington?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Farmington?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can solar panels significantly reduce 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 $905.94 per year.
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 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 install between 20 and 35 panels to account for 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.