Solar Panel Cost Guide in Lehi, UT (2023 Update)
- Lehi Solar Installation Cost: $9,771
- 25-Year Savings: $13,330
- Payback Period: 10.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Lehi
See how much it might cost to make the switch to solar in Lehi.
The national average cost of solar panels is $2.66 per watt, but in Lehi it's 2.68 per watt. The average Lehi homeowner needs a 5.2-kilowatt system, which would cost about $9,774 with the federal tax credit, or $13,977 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Lehi homeowner. The cost 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. Many homeowners find going solar is a rewarding investment. The average homeowner in Lehi can save about $17,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar installer in Lehi for a personalized quote.
Solar savings over time in Lehi
| Year | Return on Investment |
|---|---|
| 1 years | $-9,694 |
| 3 years | $-9,540 |
| 5 years | $-9,386 |
| 7 years | $-9,232 |
| 9 years | $-9,078 |
| 11 years | $-8,924 |
| 13 years | $-8,770 |
| 15 years | $-8,616 |
| 17 years | $-8,462 |
| 19 years | $-8,308 |
| 21 years | $-8,154 |
| 23 years | $-8,000 |
| 25 years | $-7,846 |
Top Solar Installers in Lehi
Although it's possible to install solar panels by yourself, it takes extra time and know-how. That's why most homeowners choose to go with a solar panel installer. Plus, if you aren't sure what brand of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar company in Lehi, 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 Lehi
Factors that Affect Solar Panel Costs in Lehi
The cost of installing a solar system in Lehi 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
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Lehi, and each can charge different amounts for labor and equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $14,904 | 11.0 years |
| 8 kW | $2.73 | $15,308 | $20,173 | 10.8 years |
| 10 kW | $2.68 | $18,760 | $25,591 | 10.6 years |
| 12 kW | $2.63 | $22,062 | $31,159 | 10.4 years |
| 14 kW | $2.57 | $25,213 | $36,878 | 10.2 years |
| 16 kW | $2.52 | $28,215 | $42,746 | 9.9 years |
| 18 kW | $2.47 | $31,067 | $48,765 | 9.7 years |
| 20 kW | $2.41 | $33,768 | $54,934 | 9.5 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on 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: The brand of solar panel you want plays a part in which installer you should opt for, since different companies offer different panels.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Lehi, UT Solar Cost FAQs
What is the average cost of installing solar panels in Lehi?
This is a difficult 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Lehi?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Lehi, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.