Solar Panel Cost Guide in Ivins, UT (2023 Update)
- Ivins Solar Installation Cost: $11,097
- 25-Year Savings: $13,179
- Payback Period: 12.5 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Ivins
Find out how much it might cost to go solar in Ivins.
While the national average of solar panels is $2.66 per watt, solar panels in Ivins generally cost about 3.The average solar panel system size in Ivins is around 4.8 kilowatts, meaning a cost of about $11,097 for a solar installation, or $15,869 before the 0 federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may look different based on your energy needs and what company you want to go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on energy bills.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Ivins
| Year | Return on Investment |
|---|---|
| 1 years | $-10,101 |
| 3 years | $-8,109 |
| 5 years | $-6,116 |
| 7 years | $-4,124 |
| 9 years | $-2,132 |
| 11 years | $-140 |
| 13 years | $1,853 |
| 15 years | $3,845 |
| 17 years | $5,837 |
| 19 years | $7,829 |
| 21 years | $9,821 |
| 23 years | $11,814 |
| 25 years | $13,806 |
Top Solar Installers in Ivins
Putting up solar panels on your own can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Ivins
Factors that Affect Solar Panel Costs in Ivins
For many Ivins homeowners, the decision to install a solar energy system comes down to 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 several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require 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 $3,290.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Ivins, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Ivins have solar loans, which reduce your upfront costs of installing a solar system.Even though solar loans make adopting solar energy more accessible for Ivins homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Ivins is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Additionally, some companies in Ivins have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $3.42 | $14,371 | $13,296 | 13.0 years |
| 8 kW | $3.36 | $18,792 | $18,097 | 12.7 years |
| 10 kW | $3.29 | $23,030 | $23,081 | 12.5 years |
| 12 kW | $3.22 | $27,083 | $28,250 | 12.2 years |
| 14 kW | $3.16 | $30,952 | $33,604 | 12.0 years |
| 16 kW | $3.09 | $34,637 | $39,141 | 11.7 years |
| 18 kW | $3.03 | $38,138 | $44,863 | 11.5 years |
| 20 kW | $2.96 | $41,454 | $50,769 | 11.2 years |
How to Save on Solar Panels
The solar company you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Installation Process: When making the switch to solar, it’s necessary to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
- Warranty: If you’re worried about the durability of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, completion timeline rebates and warranties.
- Solar Panel Brands: The type of solar panel you’d like to get plays a role in which company you should go with, since different companies provide different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Ivins, UT Solar Cost FAQs
How much does it cost to install solar panels in Ivins?
The average cost of solar panels in Ivins is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the type 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 appealing choice, as it usually comes with low or $0 upfront payments. The downside 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $922.23 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.