Solar Panel Cost Guide in Ivins, UT (2024 Update)
- Ivins Solar Installation Cost: $11,097
- 25-Year Savings: $13,179
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Ivins
Find out how much it might cost to go solar in Ivins.
In Ivins, solar panels cost about 3 per watt on average.To account for the typical energy needs of the average home in Ivins, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,097, or $15,869 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary based on multiple factors, such as how many panels you need, your energy consumption and what company you go with.For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $18,000 in savings on energy bills over 20 years.
To receive a free estimate from a vetted solar installer in Ivins, you can 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
When going solar, many homeowners prefer to use a solar company since putting up solar panels yourself can be a difficult project. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you’d like to start using solar energy but still aren’t sure which solar panel company to go with, here are our suggestions for providers near you:
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
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Ivins: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,290. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Ivins to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.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
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Ivins, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 panel company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: The brand of solar panel you want to install plays a part in which installer you should choose, since different companies have access to 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?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Ivins?
Leasing solar panels can be an attractive choice, as it often 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 option if you want to maximize your savings.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Ivins, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 install 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.