Solar Panel Cost Guide in Park City, UT (2023 Update)
- Park City Solar Installation Cost: $9,684
- 25-Year Savings: $16,492
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Park City
Find out what the average cost of a solar system is in Park City.
Although the national average of solar panels is $2.66 per watt, solar panels in Park City typically cost about 2.68. The average solar panel system size in Park City is around 5.2 kilowatts, meaning a cost of about $9,680 for a solar installation, or $13,842 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Park City based on a few factors, such as the kind of solar panels you choose and the solar company you hire. With typical savings of about $19,000 on power bills over 20 years, many homeowners in Park City find going solar can be quite rewarding.
Click the button below to get connected to a reputable solar installer in Park City for a customized quote.
Solar savings over time in Park City
| Year | Return on Investment |
|---|---|
| 1 years | $-9,597 |
| 3 years | $-9,423 |
| 5 years | $-9,248 |
| 7 years | $-9,074 |
| 9 years | $-8,899 |
| 11 years | $-8,725 |
| 13 years | $-8,550 |
| 15 years | $-8,375 |
| 17 years | $-8,201 |
| 19 years | $-8,026 |
| 21 years | $-7,852 |
| 23 years | $-7,677 |
| 25 years | $-7,503 |
Top Solar Installers in Park City
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be a lot of work. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our recommendations for providers near you:
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 Park City
Factors that Affect Solar Panel Costs in Park City
Though the average cost of a solar system in Park City is $9,680, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,680. There are many different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just 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 a solar system out of pocket is out of reach, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over five to seven years on average. Although solar loans make switching to solar energy more accessible for Park City homeowners, they can also increase 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 factor to consider when trying to figure out the cost of solar for your home or business in Park City is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different costs. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that offers the products, warranties and services you're looking for 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 | $18,718 | 9.6 years |
| 8 kW | $2.73 | $15,308 | $25,258 | 9.4 years |
| 10 kW | $2.68 | $18,760 | $31,947 | 9.2 years |
| 12 kW | $2.63 | $22,062 | $38,787 | 9.1 years |
| 14 kW | $2.57 | $25,213 | $45,777 | 8.9 years |
| 16 kW | $2.52 | $28,215 | $52,916 | 8.7 years |
| 18 kW | $2.47 | $31,067 | $60,206 | 8.5 years |
| 20 kW | $2.41 | $33,768 | $67,646 | 8.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: The brand of solar panel you need plays a part in which company you should choose, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Park City, UT Solar Cost FAQs
How much does it cost to install solar panels in Park City?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Park City?
A solar panel system isn't free in Park City, 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.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,014.14 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.