Solar Panel Cost Guide in Mount Pleasant, UT (2023 Update)
- Mount Pleasant Solar Installation Cost: $9,804
- 25-Year Savings: $16,372
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mount Pleasant
Let's take a look at the average cost of solar panels in Mount Pleasant.
The national average cost of solar panels is $2.66 per watt, but in Mount Pleasant it's 2.68 per watt. The average solar panel system size in Mount Pleasant is around 5.2 kilowatts, meaning a cost of about $9,811 for a solar installation, or $14,030 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
Click the button below to get connected to a top solar company in Mount Pleasant for a personalized estimate.
Solar savings over time in Mount Pleasant
| Year | Return on Investment |
|---|---|
| 1 years | $-8,808 |
| 3 years | $-6,816 |
| 5 years | $-4,824 |
| 7 years | $-2,831 |
| 9 years | $-839 |
| 11 years | $1,153 |
| 13 years | $3,145 |
| 15 years | $5,138 |
| 17 years | $7,130 |
| 19 years | $9,122 |
| 21 years | $11,114 |
| 23 years | $13,106 |
| 25 years | $15,099 |
Top Solar Installers in Mount Pleasant
Although you can install solar panels by yourself, it involves extra labor and expertise. Because of that, most people choose to go with a solar panel installer. The payback period on a solar system will vary depending on factors like your location and energy use, but going with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Mount Pleasant:
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 Mount Pleasant
Factors that Affect Solar Panel Costs in Mount Pleasant
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Mount Pleasant: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Mount Pleasant, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $2,680 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider 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 into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Mount Pleasant homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can affect how much you pay. Mount Pleasant's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Mount Pleasant know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $18,346 | 9.7 years |
| 8 kW | $2.73 | $15,308 | $24,762 | 9.6 years |
| 10 kW | $2.68 | $18,760 | $31,328 | 9.4 years |
| 12 kW | $2.63 | $22,062 | $38,043 | 9.2 years |
| 14 kW | $2.57 | $25,213 | $44,909 | 9.0 years |
| 16 kW | $2.52 | $28,215 | $51,925 | 8.8 years |
| 18 kW | $2.47 | $31,067 | $59,091 | 8.6 years |
| 20 kW | $2.41 | $33,768 | $66,407 | 8.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mount Pleasant, UT Solar Cost FAQs
How much does it cost to install solar panels in Mount Pleasant?
The average cost of solar panels in Mount Pleasant is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Mount Pleasant?
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 home 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 Mount Pleasant?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.