Solar Panel Cost Guide in Layton, UT (2023 Update)
- Layton Solar Installation Cost: $9,873
- 25-Year Savings: $13,966
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Layton
We go over average solar pricing in Layton.
While the national average of solar panels is $2.66 per watt, solar panels in Layton generally cost around 2.68. Because a 5.3-kW system is needed to cover the energy usage of a typical home in Layton, the average price of going solar will be about $9,868 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Layton see about $17,000 in savings on electricity bills over 20 years.
To get a free quote from a highly rated solar installation company in Layton, you can click the button below.
Solar savings over time in Layton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,793 |
| 3 years | $-9,635 |
| 5 years | $-9,476 |
| 7 years | $-9,317 |
| 9 years | $-9,158 |
| 11 years | $-8,999 |
| 13 years | $-8,840 |
| 15 years | $-8,681 |
| 17 years | $-8,522 |
| 19 years | $-8,363 |
| 21 years | $-8,204 |
| 23 years | $-8,045 |
| 25 years | $-7,886 |
Top Solar Installers in Layton
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar panel installer can make your switch to solar power much easier. The expertise that solar companies provide can be invaluable as well, especially if you aren't sure what kind of solar equipment you need.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations 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 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 determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need, 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 about $2,680. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Layton provide solar loans, which reduce the initial cost of installing solar. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Layton, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Layton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Look through the contract terms carefully to make sure you understand the total cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Layton, UT Solar Cost FAQs
What is the average cost of installing solar panels in Layton?
The average cost of solar panels in Layton 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 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 Layton?
Leasing solar panels can be an attractive 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 option if you want to maximize your savings.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Layton is currently $289,465, so you could be looking at a value of about $11,868 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Layton is a worthwhile investment.
How long do solar panels last in Layton?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.