Solar Panel Cost Guide in Highland, UT (2023 Update)
- Highland Solar Installation Cost: $9,774
- 25-Year Savings: $13,942
- Payback Period: 10.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Highland
Find out how much it might cost to make the switch to solar in Highland.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Highland, the typical cost of a solar system is 2.68 per watt. The average Highland homeowner needs a 5.2-kilowatt system, which would cost about $9,774 with the federal tax credit, or $13,977 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary based on multiple factors, such as how many panels you need, your energy consumption and what company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average Highland homeowners see about $17,000 in savings on utility bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Highland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,825 |
| 3 years | $-6,928 |
| 5 years | $-5,031 |
| 7 years | $-3,133 |
| 9 years | $-1,236 |
| 11 years | $661 |
| 13 years | $2,558 |
| 15 years | $4,456 |
| 17 years | $6,353 |
| 19 years | $8,250 |
| 21 years | $10,148 |
| 23 years | $12,045 |
| 25 years | $13,942 |
Top Solar Installers in Highland
Although it's possible to install solar panels by yourself, it involves extra effort and expertise. Because of that, most people choose to hire a solar panel installer. Plus, if you'd like to maximize your investment in solar, using a solar installer can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
If you're searching for a solar company in Highland, we've organized a list of our top suggestions here:
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 Highland
Factors that Affect Solar Panel Costs in Highland
There are many factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that has the products, warranties and services you want and also fits within your budget.
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 | $15,613 | 10.7 years |
| 8 kW | $2.73 | $15,308 | $21,117 | 10.5 years |
| 10 kW | $2.68 | $18,760 | $26,772 | 10.3 years |
| 12 kW | $2.63 | $22,062 | $32,576 | 10.1 years |
| 14 kW | $2.57 | $25,213 | $38,531 | 9.9 years |
| 16 kW | $2.52 | $28,215 | $44,636 | 9.7 years |
| 18 kW | $2.47 | $31,067 | $50,891 | 9.5 years |
| 20 kW | $2.41 | $33,768 | $57,296 | 9.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, completion timeline rebates and warranties.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Highland, UT Solar Cost FAQs
How much does it cost to install solar panels in Highland?
This is a hard question to answer precisely, because the cost depends on a few different 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 more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is it worth going solar in Highland?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Highland?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.