Solar Panel Cost Guide in Perry, UT (2023 Update)
- Perry Solar Installation Cost: $10,307
- 25-Year Savings: $15,605
- Payback Period: 9.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Perry
Let's take a look at the average cost of solar panels in Perry.
While the national average of solar panels is $2.66 per watt, solar panels in Perry typically cost around 2.68. Because a 5.5-kW system is needed to cover the energy needs of a typical home in Perry, the average price of going solar will be about $10,299 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Perry homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on power bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Perry
| Year | Return on Investment |
|---|---|
| 1 years | $-9,311 |
| 3 years | $-7,319 |
| 5 years | $-5,327 |
| 7 years | $-3,334 |
| 9 years | $-1,342 |
| 11 years | $650 |
| 13 years | $2,642 |
| 15 years | $4,634 |
| 17 years | $6,627 |
| 19 years | $8,619 |
| 21 years | $10,611 |
| 23 years | $12,603 |
| 25 years | $14,596 |
Top Solar Installers in Perry
When switching to solar energy, many homeowners opt to use a solar company since DIY solar panel installation can be a challenging project. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
If you're on the hunt for a solar company in Perry, the EcoWatch team has compiled a list of our top suggestions here:
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 Perry
Factors that Affect Solar Panel Costs in Perry
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Perry: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have 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 type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Perry average.
Solar Financing Terms
Many homeowners find the average cost of solar in Perry to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can affect your pricing. Perry's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $16,591 | 10.3 years |
| 8 kW | $2.73 | $15,308 | $22,421 | 10.1 years |
| 10 kW | $2.68 | $18,760 | $28,401 | 9.9 years |
| 12 kW | $2.63 | $22,062 | $34,532 | 9.7 years |
| 14 kW | $2.57 | $25,213 | $40,813 | 9.5 years |
| 16 kW | $2.52 | $28,215 | $47,243 | 9.3 years |
| 18 kW | $2.47 | $31,067 | $53,824 | 9.1 years |
| 20 kW | $2.41 | $33,768 | $60,555 | 9.0 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose significantly impacts your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Perry, UT Solar Cost FAQs
How much does it cost to install solar panels in Perry?
The average cost of solar panels in Perry 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out 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 house 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.