Solar Panel Cost Guide in Midvale, UT (2023 Update)
- Midvale Solar Installation Cost: $9,830
- 25-Year Savings: $14,660
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Midvale
Find out what the average cost of a solar system is in Midvale.
While the national average of solar panels is $2.66 per watt, solar panels in Midvale typically cost around 2.68. Since a 5.2-kW system is needed to cover the energy needs of a typical home in Midvale, the average price of going solar will be about $9,830 after claiming the federal solar tax credit of 30%.
The true cost of your system can be above or below the average in Midvale depending on several factors, such as the model of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
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 Midvale
| Year | Return on Investment |
|---|---|
| 1 years | $-8,851 |
| 3 years | $-6,891 |
| 5 years | $-4,932 |
| 7 years | $-2,973 |
| 9 years | $-1,014 |
| 11 years | $945 |
| 13 years | $2,904 |
| 15 years | $4,864 |
| 17 years | $6,823 |
| 19 years | $8,782 |
| 21 years | $10,741 |
| 23 years | $12,700 |
| 25 years | $14,660 |
Top Solar Installers in Midvale
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar company can make converting to solar power much easier. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our suggestions for providers near you:
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 Midvale
Factors that Affect Solar Panel Costs in Midvale
There are a number of criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,680. Some solar panel brands — like Maxeon from SunPower — are more costly 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Midvale to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. However, the interest on solar loans also adds to your overall costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Midvale, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Midvale are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $16,329 | 10.4 years |
| 8 kW | $2.73 | $15,308 | $22,073 | 10.2 years |
| 10 kW | $2.68 | $18,760 | $27,966 | 10.0 years |
| 12 kW | $2.63 | $22,062 | $34,010 | 9.8 years |
| 14 kW | $2.57 | $25,213 | $40,203 | 9.6 years |
| 16 kW | $2.52 | $28,215 | $46,547 | 9.4 years |
| 18 kW | $2.47 | $31,067 | $53,040 | 9.2 years |
| 20 kW | $2.41 | $33,768 | $59,684 | 9.0 years |
How to Save on Solar Panels
The company that does your 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 a tough decision, we have some tips to help you, such as:
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: If you care about the endurance of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 $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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Midvale have a net metering program?
Each state has some form 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 many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.