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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Average Cost of Solar Panels in Midvale
Find out how much it might cost to go solar in Midvale.
The average cost of a solar panel system in Midvale is 3 per watt.Using this figure, a typical 5.2-kW system would cost about $12,070 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Midvale based on several factors, such as the model of solar panels you choose and the solar company you hire.Even with the significant initial cost, the average Midvale homeowner can save around $18,000 on their energy bills over 20 years, which is one of the perks of solar.
To receive a free quote from a pre-vetted solar installer in Midvale, you can click the button below.
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
Installing solar panels on your own can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. The payback period on a solar system will vary based on factors like your location and energy usage, but working with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar installer in Midvale, we've put together 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
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
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
Although the average cost of a solar system in Midvale is $12,070, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,290. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better 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 installers in Midvale have solar loans, which reduce your upfront costs of installing solar panels.Even though solar loans make going solar more accessible for Midvale homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Midvale, you’ll have lots of options to choose from, but each comes at various 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 go with the company that provides the products, warranties and services you’re looking for and also fits within 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 company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: If you care about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which model 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
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
How much does it cost to install solar panels in Midvale?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Midvale?
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 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.
Does Midvale have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Midvale?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having 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.