Solar Panel Cost Guide in Hooper, UT (2023 Update)
- Hooper Solar Installation Cost: $9,728
- 25-Year Savings: $16,449
- Payback Period: 9.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hooper
We break down average solar pricing in Hooper.
While the national average of solar panels is $2.66 per watt, solar panels in Hooper generally cost about 2.68. To account for the typical energy usage of the average home in Hooper, most homeowners require a 5.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,736, or $13,922 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Hooper homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $19,000 on energy bills over 20 years, many homeowners in Hooper find installing solar panels has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Hooper for a quote for your home.
Solar savings over time in Hooper
| Year | Return on Investment |
|---|---|
| 1 years | $-8,731 |
| 3 years | $-6,739 |
| 5 years | $-4,747 |
| 7 years | $-2,755 |
| 9 years | $-763 |
| 11 years | $1,230 |
| 13 years | $3,222 |
| 15 years | $5,214 |
| 17 years | $7,206 |
| 19 years | $9,199 |
| 21 years | $11,191 |
| 23 years | $13,183 |
| 25 years | $15,175 |
Top Solar Installers in Hooper
Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be hard. The expertise that solar companies offer can be invaluable as well, especially if you don't quite know what kind of solar equipment would be right for your home.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Hooper
Factors that Affect Solar Panel Costs in Hooper
For many Hooper homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Hooper, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,680. The brand and kind of equipment you want 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 have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof 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 additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. While solar loans make adopting solar energy more accessible for Hooper homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect your pricing. Hooper's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Hooper, UT Solar Cost FAQs
How much does it cost to install solar panels in Hooper?
This is a difficult question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want other 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 less expensive solar panels.
Are solar panels free in Hooper?
A solar panel system isn't free in Hooper, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your property value?
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 Hooper is currently $237,054, which means you can expect a value of about $9,719 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Hooper is a worthwhile investment.
How often do you have to replace solar panels?
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.