Solar Panel Cost Guide in Grantsville, UT (2023 Update)
- Grantsville Solar Installation Cost: $10,168
- 25-Year Savings: $16,009
- Payback Period: 9.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Grantsville
Let's have a look at the average cost of solar panels in Grantsville.
In Grantsville, solar panels cost about 2.68 per watt on average. The average Grantsville homeowner needs a 5.4-kilowatt system, which would cost about $10,168 with the federal tax credit, or $14,540 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar system you want to get, your solar contractor and more. Even with the large initial cost, the average Grantsville homeowner can save around $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar company in Grantsville for a quote for your home.
Solar savings over time in Grantsville
| Year | Return on Investment |
|---|---|
| 1 years | $-9,121 |
| 3 years | $-7,027 |
| 5 years | $-4,933 |
| 7 years | $-2,838 |
| 9 years | $-744 |
| 11 years | $1,350 |
| 13 years | $3,444 |
| 15 years | $5,538 |
| 17 years | $7,632 |
| 19 years | $9,726 |
| 21 years | $11,820 |
| 23 years | $13,914 |
| 25 years | $16,009 |
Top Solar Installers in Grantsville
When switching to solar energy, many homeowners prefer to go with a solar installation company since installing solar panels yourself can be a time-consuming project. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
See all of the solar companies in Grantsville
Factors that Affect Solar Panel Costs in Grantsville
The cost of installing a solar system in Grantsville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Grantsville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,680 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Grantsville, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Grantsville to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time due to interest. 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 upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater 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 promotion can bring their pricing down 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 | $17,296 | 10.1 years |
| 8 kW | $2.73 | $15,308 | $23,361 | 9.9 years |
| 10 kW | $2.68 | $18,760 | $29,577 | 9.7 years |
| 12 kW | $2.63 | $22,062 | $35,942 | 9.5 years |
| 14 kW | $2.57 | $25,213 | $42,458 | 9.3 years |
| 16 kW | $2.52 | $28,215 | $49,124 | 9.1 years |
| 18 kW | $2.47 | $31,067 | $55,940 | 8.9 years |
| 20 kW | $2.41 | $33,768 | $62,905 | 8.7 years |
How to Save on Solar Panels
There are numerous companies available in Grantsville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Grantsville, UT Solar Cost FAQs
What is the average cost of installing solar panels in Grantsville?
The average cost of solar panels in Grantsville is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Grantsville?
You can't get solar panels for free in Grantsville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Grantsville?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Grantsville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.