Solar Panel Cost Guide in Ivins, UT (Mar 2023)
- Ivins Solar Installation Cost: $9,042
- 25-Year Savings: $13,177
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ivins
Find out what the average cost of a solar system is in Ivins.
Although the national average of solar panels is $2.66 per watt, solar panels in Ivins generally cost about 2.68. To account for the typical energy usage of the average home in Ivins, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,042, or $12,930 before the federal solar tax credit of 30% is applied.
The true cost of your system can be above or below the average in Ivins based on several factors, such as the brand of solar panels you choose and the solar company you hire. Many homeowners find going solar is a fruitful investment. The average homeowner in Ivins can save around $18,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Ivins
| Year | Return on Investment |
|---|---|
| 1 years | $-8,154 |
| 3 years | $-6,376 |
| 5 years | $-4,599 |
| 7 years | $-2,821 |
| 9 years | $-1,043 |
| 11 years | $734 |
| 13 years | $2,512 |
| 15 years | $4,289 |
| 17 years | $6,067 |
| 19 years | $7,844 |
| 21 years | $9,622 |
| 23 years | $11,399 |
| 25 years | $13,177 |
Top Solar Installers in Ivins
Although you can install solar panels on your own, it involves extra energy and knowledge. Because of that, the majority of homeowners choose to hire a solar panel installer. Plus, if you're not certain what brand of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Ivins:
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 Ivins
Factors that Affect Solar Panel Costs in Ivins
For many Ivins homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Ivins, with typical prices between $20,000 to $40,000. There are a few 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 a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation 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 kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Ivins average.
Solar Financing Terms
Most solar installers in Ivins have solar loans, which reduce your upfront costs of installing solar. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to make the switch to solar energy. Different companies will bill 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 come with an above-average cost. It's best to do some research and go with the company that has the products, warranties and services you want and also fit into 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 | $15,961 | 10.6 years |
| 8 kW | $2.73 | $15,308 | $21,581 | 10.4 years |
| 10 kW | $2.68 | $18,760 | $27,351 | 10.2 years |
| 12 kW | $2.63 | $22,062 | $33,272 | 10.0 years |
| 14 kW | $2.57 | $25,213 | $39,342 | 9.8 years |
| 16 kW | $2.52 | $28,215 | $45,563 | 9.6 years |
| 18 kW | $2.47 | $31,067 | $51,934 | 9.4 years |
| 20 kW | $2.41 | $33,768 | $58,455 | 9.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Ivins, UT Solar Cost FAQs
What is the average cost of installing solar panels in Ivins?
The average cost of solar panels in Ivins 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Ivins?
Leasing solar panels can be an attractive 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 way to go if you want to maximize your savings.
Is it worth going solar in Ivins?
Solar panels can be a great investment for many 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 pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out 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 household 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.