Solar Panel Cost Guide in Hyrum, UT (Feb 2023)
- Hyrum Solar Installation Cost: $9,661
- 25-Year Savings: $14,936
- Payback Period: 9.8 Years
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Top Solar Installers in Hyrum
When going solar, many homeowners decide to go with a solar installation company since putting up solar panels yourself can be a difficult project. The payback period of solar panels will vary based on factors like your location and energy usage, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers near you:
See all of the solar companies in Hyrum
Factors that Affect Solar Panel Costs in Hyrum
There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,680. There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose 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
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Hyrum homeowners opt to finance their solar panel systems to offset upfront costs. Although solar loans make switching to solar energy more accessible for Hyrum homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Hyrum, and each can charge varying amounts for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with 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||$16,961||10.2 years|
|8 kW||$2.73||$15,308||$22,915||10.0 years|
|10 kW||$2.68||$18,760||$29,018||9.8 years|
|12 kW||$2.63||$22,062||$35,272||9.6 years|
|14 kW||$2.57||$25,213||$41,676||9.4 years|
|16 kW||$2.52||$28,215||$48,230||9.2 years|
|18 kW||$2.47||$31,067||$54,935||9.0 years|
|20 kW||$2.41||$33,768||$61,789||8.8 years|
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
EcoWatch's Hyrum, UT Solar Cost FAQs
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.