Solar Panel Cost Guide in Orem, UT (2023 Update)
- Orem Solar Installation Cost: $9,771
- 25-Year Savings: $15,314
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Orem
We go over average solar pricing in Orem.
Although the national average of solar panels is $2.66 per watt, solar panels in Orem generally cost about 2.68. The average Orem homeowner needs a 5.2-kilowatt system, which would cost about $9,774 with the federal tax credit, or $13,977 before the 30% tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you go with. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Orem see about $18,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Orem for a quote for your home.
Solar savings over time in Orem
| Year | Return on Investment |
|---|---|
| 1 years | $-9,688 |
| 3 years | $-9,521 |
| 5 years | $-9,353 |
| 7 years | $-9,186 |
| 9 years | $-9,019 |
| 11 years | $-8,852 |
| 13 years | $-8,684 |
| 15 years | $-8,517 |
| 17 years | $-8,350 |
| 19 years | $-8,183 |
| 21 years | $-8,015 |
| 23 years | $-7,848 |
| 25 years | $-7,681 |
Top Solar Installers in Orem
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make your swap to solar power much easier. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Orem
Factors that Affect Solar Panel Costs in Orem
For many Orem homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Orem, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Orem, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $2,680 for each additional kilowatt you need. There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Orem to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. While solar loans make adopting solar energy more accessible for Orem homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Orem, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Some companies 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 with an above-average cost. It's best to do some research and go with the company that has the products, warranties and services you want and also is 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 | $2.79 | $11,706 | $17,190 | 10.1 years |
| 8 kW | $2.73 | $15,308 | $23,220 | 9.9 years |
| 10 kW | $2.68 | $18,760 | $29,400 | 9.7 years |
| 12 kW | $2.63 | $22,062 | $35,730 | 9.5 years |
| 14 kW | $2.57 | $25,213 | $42,210 | 9.3 years |
| 16 kW | $2.52 | $28,215 | $48,841 | 9.2 years |
| 18 kW | $2.47 | $31,067 | $55,621 | 9.0 years |
| 20 kW | $2.41 | $33,768 | $62,552 | 8.8 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project completion timeline.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and kind has 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Orem, UT Solar Cost FAQs
How much does it cost to install solar panels in Orem?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last 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 amount 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.