Solar Panel Cost Guide in Midway, UT (2025 Update)
- Midway Solar Installation Cost: $11,813
- 25-Year Savings: $16,554
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Midway
Let’s take a look at the average cost of solar in Midway.
In Midway, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Midway, most homeowners require a 5.1-kilowatt system. Using the figure above, a solar installation costs about $11,813, or $16,893 before the federal solar tax credit of 0 is applied.
How much you pay can go higher or lower than the average in Midway based on a few factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Midway can save about $19,000 on their electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Midway
| Year | Return on Investment |
|---|---|
| 1 years | $-10,817 |
| 3 years | $-8,825 |
| 5 years | $-6,833 |
| 7 years | $-4,840 |
| 9 years | $-2,848 |
| 11 years | $-856 |
| 13 years | $1,136 |
| 15 years | $3,129 |
| 17 years | $5,121 |
| 19 years | $7,113 |
| 21 years | $9,105 |
| 23 years | $11,097 |
| 25 years | $13,090 |
Top Solar Installers in Midway
When making the switch to solar, many homeowners opt to hire a solar installer since DIY solar panel installation can be a challenging project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
See all of the solar companies in Midway
Factors that Affect Solar Panel Costs in Midway
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Midway: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Midway, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $3,290 for each additional kilowatt you need.The type of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions 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 for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your total costs, so it’s crucial to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can impact the cost. Midway’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $16,248 | 11.7 years |
| 8 kW | $3.36 | $18,792 | $22,032 | 11.5 years |
| 10 kW | $3.29 | $23,030 | $28,001 | 11.3 years |
| 12 kW | $3.22 | $27,083 | $34,154 | 11.1 years |
| 14 kW | $3.16 | $30,952 | $40,491 | 10.8 years |
| 16 kW | $3.09 | $34,637 | $47,012 | 10.6 years |
| 18 kW | $3.03 | $38,138 | $53,718 | 10.4 years |
| 20 kW | $2.96 | $41,454 | $60,608 | 10.2 years |
How to Save on Solar Panels
There are a large number of companies available in Midway, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
EcoWatch's Midway, UT Solar Cost FAQs
How much does it cost to install solar panels in Midway?
The average cost of solar panels in Midway 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Midway?
Solar panels aren’t free in Midway, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Midway is currently $890,158, so you can expect a value of about $36,496 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Midway is a fruitful investment.
How long do solar panels last in Midway?
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 larger level 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.