Solar Panel Cost Guide in Moab, UT (2024 Update)
- Moab Solar Installation Cost: $11,778
- 25-Year Savings: $16,583
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Moab
See how much it might cost to go solar in Moab.
Although the national average of solar panels is $2.66 per watt, solar panels in Moab generally cost around 3.To account for the typical energy usage of the average home in Moab, most homeowners require a 5.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,778, or $16,843 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Moab homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the large upfront cost, the average Moab homeowner can save about $19,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar company in Moab for a quote for your home.
Solar savings over time in Moab
| Year | Return on Investment |
|---|---|
| 1 years | $-10,781 |
| 3 years | $-8,789 |
| 5 years | $-6,797 |
| 7 years | $-4,805 |
| 9 years | $-2,812 |
| 11 years | $-820 |
| 13 years | $1,172 |
| 15 years | $3,164 |
| 17 years | $5,156 |
| 19 years | $7,149 |
| 21 years | $9,141 |
| 23 years | $11,133 |
| 25 years | $13,125 |
Top Solar Installers in Moab
Many homeowners opt for a solar panel installer since installing solar panels by yourself can be time-consuming. The payback period of solar panels will vary based on factors like your location and energy use, but working with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Moab
Factors that Affect Solar Panel Costs in Moab
Although the average cost of a solar system in Moab is $11,778, your actual cost may be above or below the average. 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 crucial things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,290.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Moab, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.Even though solar loans make switching to solar energy more accessible for Moab homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Moab is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for example, you’ll have many options for solar installers that offer a range of services at different price points.Additionally, some companies in Moab have more knowledge about local solar incentives and can help you make good use 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 | $3.42 | $14,371 | $16,341 | 11.7 years |
| 8 kW | $3.36 | $18,792 | $22,156 | 11.5 years |
| 10 kW | $3.29 | $23,030 | $28,156 | 11.2 years |
| 12 kW | $3.22 | $27,083 | $34,340 | 11.0 years |
| 14 kW | $3.16 | $30,952 | $40,708 | 10.8 years |
| 16 kW | $3.09 | $34,637 | $47,260 | 10.6 years |
| 18 kW | $3.03 | $38,138 | $53,997 | 10.3 years |
| 20 kW | $2.96 | $41,454 | $60,917 | 10.1 years |
How to Save on Solar Panels
There are many companies available in Moab, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: When making the switch to solar energy, it’s essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Moab, UT Solar Cost FAQs
What is the average cost of installing solar panels in Moab?
The average cost of solar panels in Moab is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Moab is currently $565,568, which means you can look forward to a value of about $23,188 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Moab is a rewarding investment.
How long do solar panels last in Moab?
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 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.
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.