Solar Panel Cost Guide in Magna, UT (2025 Update)

  • Magna Solar Installation Cost: $12,070
  • 25-Year Savings: $16,344
  • Payback Period: 11.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Magna

Find out what the average cost of solar panel installation is in Magna.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Magna, the typical cost of a solar system is 3 per watt.To account for the typical energy needs of the average home in Magna, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs about $12,070, or $17,260 before the federal solar tax credit of 0 is applied.

The true cost of your system can be higher or lower than the average in Magna based on a few factors, such as the brand of solar panels you choose and the solar company you hire.With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Magna find installing solar panels can be quite rewarding.

You can click the button below to get connected with a top solar company in Magna for a quote for your home.

Solar savings over time in Magna

YearReturn on Investment
1 years$-11,074
3 years$-9,082
5 years$-7,090
7 years$-5,097
9 years$-3,105
11 years$-1,113
13 years$879
15 years$2,872
17 years$4,864
19 years$6,856
21 years$8,848
23 years$10,840
25 years$12,833

Top Solar Installers in Magna

Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with a solar company can make your swap to solar power much easier. The payback period on a solar system will vary depending on factors like your roof configuration and energy consumption, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

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Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

See all of the solar companies in Magna

Factors that Affect Solar Panel Costs in Magna

While the average cost of a solar system in Magna is $12,070, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Magna, where sunlight is abundant, efficiency can quickly pay off. Plus, 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 a solar system in cash is too expensive, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Even though solar loans make adopting solar energy more accessible for Magna homeowners, they can also raise 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

The solar installer you pick will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.42$14,371$15,59612.0 years
8 kW$3.36$18,792$21,16311.8 years
10 kW$3.29$23,030$26,91411.5 years
12 kW$3.22$27,083$32,85011.3 years
14 kW$3.16$30,952$38,97011.1 years
16 kW$3.09$34,637$45,27410.8 years
18 kW$3.03$38,138$51,76210.6 years
20 kW$2.96$41,454$58,43510.4 years

How to Save on Solar Panels

Since the kind of solar panels and the company you choose significantly influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
  • Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
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Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

EcoWatch's Magna, UT Solar Cost FAQs

How much does it cost to install solar panels in Magna?

The average cost of solar panels in Magna is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Magna?

Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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 bang for your buck from going solar.

Is it worth going solar in Magna?

Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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 buy 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.