Solar Panel Cost Guide in Hurricane, UT (2023 Update)
- Hurricane Solar Installation Cost: $9,042
- 25-Year Savings: $13,872
- Payback Period: 9.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hurricane
We go over average solar pricing in Hurricane.
The national average cost of solar panels is $2.66 per watt, but in Hurricane it's 2.68 per watt. The average solar panel system size in Hurricane is around 4.8 kilowatts, meaning a cost of about $9,042 for a solar installation, or $12,930 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs will most likely vary based on your specific situation and what company you go with. With typical savings of about $18,000 on energy bills over 20 years, many homeowners in Hurricane find installing solar panels can pay off big.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Hurricane
| Year | Return on Investment |
|---|---|
| 1 years | $-8,126 |
| 3 years | $-6,293 |
| 5 years | $-4,460 |
| 7 years | $-2,626 |
| 9 years | $-793 |
| 11 years | $1,040 |
| 13 years | $2,873 |
| 15 years | $4,706 |
| 17 years | $6,539 |
| 19 years | $8,372 |
| 21 years | $10,205 |
| 23 years | $12,039 |
| 25 years | $13,872 |
Top Solar Installers in Hurricane
Although you can install solar panels by yourself, it requires extra labor and knowledge. That's why most people choose to hire a solar panel installer. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
If you're searching for a solar installer in Hurricane, the EcoWatch team has compiled 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 Hurricane
Factors that Affect Solar Panel Costs in Hurricane
Even though the average cost of a solar system in Hurricane is $9,042, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,680 per kilowatt in Hurricane. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable route because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Hurricane is the company you get to install your PV system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services at different costs. Additionally, some companies in Hurricane are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $16,826 | 10.3 years |
| 8 kW | $2.73 | $15,308 | $22,735 | 10.1 years |
| 10 kW | $2.68 | $18,760 | $28,794 | 9.9 years |
| 12 kW | $2.63 | $22,062 | $35,003 | 9.7 years |
| 14 kW | $2.57 | $25,213 | $41,362 | 9.5 years |
| 16 kW | $2.52 | $28,215 | $47,871 | 9.3 years |
| 18 kW | $2.47 | $31,067 | $54,531 | 9.1 years |
| 20 kW | $2.41 | $33,768 | $61,340 | 8.9 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. Since picking a company can be a tough decision, we have some tips to help you, such as:
- 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 the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of 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: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Hurricane, UT Solar Cost FAQs
How much does it cost to install solar panels in Hurricane?
The average cost of solar panels in Hurricane 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 model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Hurricane?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 savings from going solar.
Do solar panels increase your home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Hurricane?
On average, the lifespan of solar panels is 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 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.