Solar Panel Cost Guide in Layton, UT (Mar 2023)
- Layton Solar Installation Cost: $9,868
- 25-Year Savings: $13,971
- Payback Period: 10.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Layton
Find out what the average cost of installing solar panels is in Layton.
In Layton, solar panels cost about 2.68 per watt on average. Using this figure, a typical 5.3-kW system would cost about $9,868 before the 30% federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you may differ based on your specific situation and what company you choose to go with. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Layton
| Year | Return on Investment |
|---|---|
| 1 years | $-8,914 |
| 3 years | $-7,007 |
| 5 years | $-5,100 |
| 7 years | $-3,193 |
| 9 years | $-1,286 |
| 11 years | $621 |
| 13 years | $2,529 |
| 15 years | $4,436 |
| 17 years | $6,343 |
| 19 years | $8,250 |
| 21 years | $10,157 |
| 23 years | $12,064 |
| 25 years | $13,971 |
Top Solar Installers in Layton
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make your swap to solar power much easier. Plus, if you're not certain what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar company in Layton, the EcoWatch team has compiled 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 (coming 2022)
See all of the solar companies in Layton
Factors that Affect Solar Panel Costs in Layton
The cost of installing a solar system in Layton can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,680. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Layton, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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 installers in Layton offer solar loans, which reduce the initial cost of installing a solar system. Although solar loans make switching to solar energy more accessible for Layton homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can play a part in determining the cost. Layton's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Layton know more about local solar incentives and can help you learn about 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 | $2.79 | $11,706 | $15,472 | 10.8 years |
| 8 kW | $2.73 | $15,308 | $20,930 | 10.6 years |
| 10 kW | $2.68 | $18,760 | $26,537 | 10.4 years |
| 12 kW | $2.63 | $22,062 | $32,295 | 10.1 years |
| 14 kW | $2.57 | $25,213 | $38,202 | 9.9 years |
| 16 kW | $2.52 | $28,215 | $44,260 | 9.7 years |
| 18 kW | $2.47 | $31,067 | $50,468 | 9.5 years |
| 20 kW | $2.41 | $33,768 | $56,826 | 9.3 years |
How to Save on Solar Panels
There are a large number of companies available in Layton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Make sure your solar 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 the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you need to get plays a part in which installer you should choose, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Layton, UT Solar Cost FAQs
What is the average cost of installing solar panels in Layton?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Layton?
A solar panel system isn't free in Layton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Layton?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Layton?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.