Solar Panel Cost Guide in Midvale, UT (2024 Update)
- Midvale Solar Installation Cost: $12,070
- 25-Year Savings: $14,657
- Payback Period: 12.3 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Midvale
Find out how much it might cost to go solar in Midvale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Midvale, the typical cost of a solar system is 3 per watt.To account for the typical energy usage of the average home in Midvale, most homeowners require a 5.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,070, or $17,260 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar panels you choose, your solar contractor and more.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar company in Midvale for a custom quote.
Solar savings over time in Midvale
Year | Return 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 Midvale
When going solar, many homeowners decide to hire a solar installation company since installing solar panels yourself can be a challenging project. Some solar installers, particularly local ones, can help you make the most of incentives in Midvale, optimizing your ROI.
If you’d like to switch to solar energy but still aren’t sure which solar system company to go with, here are our recommendations for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Midvale
Factors that Affect Solar Panel Costs in Midvale
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Midvale: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most significant 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 energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,290 per kilowatt in Midvale.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Midvale, 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
Most solar companies in Midvale offer solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also adds to your total costs, so it’s important to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Midvale, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that has the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.42 | $14,371 | $13,665 | 12.8 years |
8 kW | $3.36 | $18,792 | $18,588 | 12.6 years |
10 kW | $3.29 | $23,030 | $23,696 | 12.3 years |
12 kW | $3.22 | $27,083 | $28,988 | 12.1 years |
14 kW | $3.16 | $30,952 | $34,464 | 11.8 years |
16 kW | $3.09 | $34,637 | $40,125 | 11.6 years |
18 kW | $3.03 | $38,138 | $45,969 | 11.3 years |
20 kW | $2.96 | $41,454 | $51,998 | 11.1 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar company. Make sure you understand how the installation process works and the completion timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Midvale, UT Solar Cost FAQs
What is the average cost of installing solar panels in Midvale?
The average cost of solar panels in Midvale 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Midvale?
Leasing solar panels can be an option if you can’t afford to 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 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 financial benefits from going solar.
Can you sell solar power back to the grid in Midvale?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.