Solar Panel Cost Guide in Payson, UT (Oct 2022)

  • Payson Solar Installation Cost: $9,774
  • 25-Year Savings: $14,863
  • Payback Period: 9.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Payson

Find out what the average cost of solar panels are in Payson.

Although the national average of solar panels is $2.66 per watt, solar panels in Payson typically cost about $3. Using this figure, a typical 5.2 would cost about $9,774 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 initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $18,000 over 20 years on utility bills.

To get a free quote from a highly rated solar installer in Payson, you can click the button below.

Solar savings over time in Payson

Year Return on Investment
1 years $-8,788
3 years $-6,818
5 years $-4,847
7 years $-2,876
9 years $-905
11 years $1,066
13 years $3,037
15 years $5,008
17 years $6,979
19 years $8,950
21 years $10,921
23 years $12,892
25 years $14,863

Top Solar Installers in Payson

When making the switch to solar, many homeowners prefer to hire a solar installation company since installing solar panels yourself can be a challenging project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.

If you'd like to start using solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers in Payson:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Local Installer

ES Solar

★★★★★
4.5

  • 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 Payson

Factors that Affect Solar Panel Costs in Payson

For many Payson homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Payson, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size. Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,680. The kind of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.

Solar Financing Terms

If paying for a solar system out of pocket is too expensive, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your total costs, so it's important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

The solar company you opt for to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Payson, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 $2.79 $11,706 $16,674 10.3 years
8 kW $2.73 $15,308 $22,532 10.1 years
10 kW $2.68 $18,760 $28,540 9.9 years
12 kW $2.63 $22,062 $34,698 9.7 years
14 kW $2.57 $25,213 $41,006 9.5 years
16 kW $2.52 $28,215 $47,465 9.3 years
18 kW $2.47 $31,067 $54,073 9.1 years
20 kW $2.41 $33,768 $60,832 8.9 years

How to Save on Solar Panels

There are many companies to choose from in Payson, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
  • Solar Panel Brands: The brand of solar panel you need to install plays a role in which installer you should opt for, since different companies have access to different panels.
  • Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
  • Reputation: Your solar installer should have a sound 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Local Installer

ES Solar

★★★★★
4.5

  • 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 Payson, UT Solar Cost FAQs

What is the average cost of installing solar panels in Payson?

The average cost of solar panels in Payson 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 like the type of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Payson?

Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

Can you sell solar power back to the grid in Payson?

Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How long do solar panels last in Payson?

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 larger 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.

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