Solar Panel Cost Guide in Maeser, UT (2023 Update)
- Maeser Solar Installation Cost: $9,774
- 25-Year Savings: $17,882
- Payback Period: 8.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Maeser
Find out how much it might cost to make the switch to solar in Maeser.
The national average cost of solar panels is $2.66 per watt, but in Maeser it's 2.68 per watt. The average Maeser 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 numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar panels you want to get, your solar contractor and more. With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Maeser find investing in solar can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Maeser
| Year | Return on Investment |
|---|---|
| 1 years | $-8,668 |
| 3 years | $-6,455 |
| 5 years | $-4,243 |
| 7 years | $-2,030 |
| 9 years | $182 |
| 11 years | $2,394 |
| 13 years | $4,607 |
| 15 years | $6,819 |
| 17 years | $9,032 |
| 19 years | $11,244 |
| 21 years | $13,457 |
| 23 years | $15,669 |
| 25 years | $17,882 |
Top Solar Installers in Maeser
Although you can install solar panels by yourself, it takes extra energy and knowledge. That's why the majority of homeowners choose to hire a solar panel installer. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you're searching for a solar company in Maeser, 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
See all of the solar companies in Maeser
Factors that Affect Solar Panel Costs in Maeser
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Maeser: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Maeser, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past power bills. Your total cost can increase by about $2,680 for each additional kilowatt you need. The kind of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's a good idea to include 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Maeser is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, you'll have many options for solar installers that offer a range of services for different budgets. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $2.79 | $11,706 | $20,114 | 9.2 years |
| 8 kW | $2.73 | $15,308 | $27,119 | 9.0 years |
| 10 kW | $2.68 | $18,760 | $34,273 | 8.8 years |
| 12 kW | $2.63 | $22,062 | $41,578 | 8.7 years |
| 14 kW | $2.57 | $25,213 | $49,033 | 8.5 years |
| 16 kW | $2.52 | $28,215 | $56,639 | 8.3 years |
| 18 kW | $2.47 | $31,067 | $64,394 | 8.1 years |
| 20 kW | $2.41 | $33,768 | $72,299 | 8.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Maeser, UT Solar Cost FAQs
What is the average cost of installing solar panels in Maeser?
The average cost of solar panels in Maeser 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Maeser?
You can't get solar panels for free in Maeser. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my home value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Even though 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 how much energy they produce will have decreased significantly after that point. You can choose to 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.