Solar Panel Cost Guide in Harrisville, UT (2023 Update)
- Harrisville Solar Installation Cost: $9,736
- 25-Year Savings: $16,440
- Payback Period: 9.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Harrisville
See how much it might cost to switch to solar power in Harrisville.
The national average cost of solar panels is $2.66 per watt, but in Harrisville it's 2.68 per watt. The average Harrisville homeowner needs a 5.2-kilowatt system, which would cost about $9,736 with the federal tax credit, or $13,922 before the 30% tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely differ based on your specific situation and what company you want to go with. With average savings of about $19,000 on power bills over 20 years, many homeowners in Harrisville find installing solar panels can pay off big.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Harrisville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,689 |
| 3 years | $-6,595 |
| 5 years | $-4,501 |
| 7 years | $-2,407 |
| 9 years | $-313 |
| 11 years | $1,781 |
| 13 years | $3,875 |
| 15 years | $5,969 |
| 17 years | $8,064 |
| 19 years | $10,158 |
| 21 years | $12,252 |
| 23 years | $14,346 |
| 25 years | $16,440 |
Top Solar Installers in Harrisville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make swapping over to solar power much easier. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 Harrisville
Factors that Affect Solar Panel Costs in Harrisville
Even though the average cost of a solar system in Harrisville is $9,736, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant 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 energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,680 per kilowatt in Harrisville. The model of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Harrisville to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time because of interest. 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 securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $18,583 | 9.7 years |
| 8 kW | $2.73 | $15,308 | $25,078 | 9.5 years |
| 10 kW | $2.68 | $18,760 | $31,722 | 9.3 years |
| 12 kW | $2.63 | $22,062 | $38,517 | 9.1 years |
| 14 kW | $2.57 | $25,213 | $45,461 | 8.9 years |
| 16 kW | $2.52 | $28,215 | $52,556 | 8.7 years |
| 18 kW | $2.47 | $31,067 | $59,801 | 8.5 years |
| 20 kW | $2.41 | $33,768 | $67,196 | 8.4 years |
How to Save on Solar Panels
There are a lot of companies available in Harrisville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Harrisville, UT Solar Cost FAQs
How much does it cost to install solar panels in Harrisville?
This is a tough question to answer precisely, because the cost depends on many 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 additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Harrisville?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Harrisville is currently $219,276, so you could be looking at a value of about $8,990 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Harrisville is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.