Solar Panel Cost Guide in La Verkin, UT (2023 Update)
- La Verkin Solar Installation Cost: $9,042
- 25-Year Savings: $15,514
- Payback Period: 9.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in La Verkin
We go over average solar pricing in La Verkin.
The national average cost of solar panels is $2.66 per watt, but in La Verkin it's 2.68 per watt. Since a 4.8-kW system is needed to cover the energy needs of a typical home in La Verkin, the average price of going solar will be about $9,042 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average La Verkin homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on utility bills.
To get a free estimate from a vetted solar installation company in La Verkin, you can click the button below.
Solar savings over time in La Verkin
| Year | Return on Investment |
|---|---|
| 1 years | $-8,060 |
| 3 years | $-6,096 |
| 5 years | $-4,131 |
| 7 years | $-2,166 |
| 9 years | $-202 |
| 11 years | $1,763 |
| 13 years | $3,727 |
| 15 years | $5,692 |
| 17 years | $7,656 |
| 19 years | $9,621 |
| 21 years | $11,585 |
| 23 years | $13,550 |
| 25 years | $15,514 |
Top Solar Installers in La Verkin
Installing solar panels by yourself can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar installer in La Verkin, the EcoWatch team has put together 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 La Verkin
Factors that Affect Solar Panel Costs in La Verkin
For many La Verkin homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in La Verkin, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like La Verkin, where sunlight is abundant, efficiency can quickly pay off. In addition, 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
If paying for solar panels in cash is too expensive, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to factor 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in La Verkin, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in La Verkin know more about local solar incentives and can help you make good use 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 | $18,871 | 9.6 years |
| 8 kW | $2.73 | $15,308 | $25,462 | 9.4 years |
| 10 kW | $2.68 | $18,760 | $32,202 | 9.2 years |
| 12 kW | $2.63 | $22,062 | $39,093 | 9.0 years |
| 14 kW | $2.57 | $25,213 | $46,134 | 8.8 years |
| 16 kW | $2.52 | $28,215 | $53,325 | 8.7 years |
| 18 kW | $2.47 | $31,067 | $60,666 | 8.5 years |
| 20 kW | $2.41 | $33,768 | $68,157 | 8.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's La Verkin, UT Solar Cost FAQs
What is the average cost of installing solar panels in La Verkin?
The average cost of solar panels in La Verkin is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in La Verkin?
Leasing solar panels can be an attractive choice, as it usually 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.
Can solar panels completely eradicate my energy 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 $1,019.25 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 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.