Solar Panel Cost Guide in Manti, UT (2023 Update)
- Manti Solar Installation Cost: $9,811
- 25-Year Savings: $16,365
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Manti
Let's have a look at the average cost of solar in Manti.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Manti, the typical cost of a solar system is 2.68 per watt. Using this figure, a typical 5.2-kW system would cost about $9,811 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what solar installer you go with. With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Manti find going solar can pay off big.
You can click the button below to get connected with a top solar company in Manti that can help you get a more accurate cost estimate for your home.
Solar savings over time in Manti
| Year | Return on Investment |
|---|---|
| 1 years | $-8,764 |
| 3 years | $-6,670 |
| 5 years | $-4,576 |
| 7 years | $-2,482 |
| 9 years | $-388 |
| 11 years | $1,706 |
| 13 years | $3,800 |
| 15 years | $5,894 |
| 17 years | $7,989 |
| 19 years | $10,083 |
| 21 years | $12,177 |
| 23 years | $14,271 |
| 25 years | $16,365 |
Top Solar Installers in Manti
When making the switch to solar, many homeowners choose to use a solar installer since installing a solar system yourself can be a challenging project. Plus, if you aren't sure what type of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
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 Manti
Factors that Affect Solar Panel Costs in Manti
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Manti: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,680 per kilowatt in Manti. The brand of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to think about 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 falls within your budget.
Solar Financing Terms
Most solar companies in Manti have solar loans, which reduce your upfront costs of installing solar. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Manti, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk 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 | $18,346 | 9.7 years |
| 8 kW | $2.73 | $15,308 | $24,762 | 9.6 years |
| 10 kW | $2.68 | $18,760 | $31,328 | 9.4 years |
| 12 kW | $2.63 | $22,062 | $38,043 | 9.2 years |
| 14 kW | $2.57 | $25,213 | $44,909 | 9.0 years |
| 16 kW | $2.52 | $28,215 | $51,925 | 8.8 years |
| 18 kW | $2.47 | $31,067 | $59,091 | 8.6 years |
| 20 kW | $2.41 | $33,768 | $66,407 | 8.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Manti, UT Solar Cost FAQs
What is the average cost of installing solar panels in Manti?
The average cost of solar panels in Manti is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Manti?
Leasing solar panels can be an option if you can't afford to 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 property 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 significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,001.75 per year.
How long do solar panels last in Manti?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.