Solar Panel Cost Guide in North Salt Lake, UT (2024 Update)
- North Salt Lake Solar Installation Cost: $12,120
- 25-Year Savings: $12,783
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in North Salt Lake
See how much it might cost to make the switch to solar in North Salt Lake.
The national average cost of solar panels is $2.66 per watt, but in North Salt Lake it’s 3 per watt.The average North Salt Lake homeowner needs a 5.3-kilowatt system, which would cost about $12,120 with the federal tax credit, or $17,332 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.Even with the significant upfront cost, the average North Salt Lake homeowner can save around $18,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a top solar installer in North Salt Lake, you can click the button below.
Solar savings over time in North Salt Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-11,124 |
| 3 years | $-9,132 |
| 5 years | $-7,140 |
| 7 years | $-5,147 |
| 9 years | $-3,155 |
| 11 years | $-1,163 |
| 13 years | $829 |
| 15 years | $2,822 |
| 17 years | $4,814 |
| 19 years | $6,806 |
| 21 years | $8,798 |
| 23 years | $10,791 |
| 25 years | $12,783 |
Top Solar Installers in North Salt Lake
Installing solar panels yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you’d like to go solar but still aren’t sure which solar company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in North Salt Lake
Factors that Affect Solar Panel Costs in North Salt Lake
While the average cost of a solar system in North Salt Lake is $12,120, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $3,290 per kilowatt in North Salt Lake.There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.While solar loans make adopting solar energy more accessible for North Salt Lake 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact your pricing. North Salt Lake’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $13,749 | 12.8 years |
| 8 kW | $3.36 | $18,792 | $18,700 | 12.5 years |
| 10 kW | $3.29 | $23,030 | $23,836 | 12.3 years |
| 12 kW | $3.22 | $27,083 | $29,156 | 12.0 years |
| 14 kW | $3.16 | $30,952 | $34,660 | 11.8 years |
| 16 kW | $3.09 | $34,637 | $40,348 | 11.5 years |
| 18 kW | $3.03 | $38,138 | $46,221 | 11.3 years |
| 20 kW | $2.96 | $41,454 | $52,278 | 11.1 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's North Salt Lake, UT Solar Cost FAQs
How much does it cost to install solar panels in North Salt Lake?
The average cost of solar panels in North Salt Lake 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in North Salt Lake, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.