Solar Panel Cost Guide in Price, UT (Mar 2023)
- Price Solar Installation Cost: $9,680
- 25-Year Savings: $16,496
- Payback Period: 9.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Price
Let's have a look at the average cost of solar panels in Price.
The national average cost of solar panels is $2.66 per watt, but in Price it's 2.68 per watt. To account for the typical energy usage of the average home in Price, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs around $9,680, or $13,842 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and the cost of going solar for you will differ based on factors unique to your home and what company you choose to go with. For most homeowners, the upfront cost of solar panels is worth paying. On average Price homeowners see about $19,000 in savings on energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Price
| Year | Return on Investment |
|---|---|
| 1 years | $-8,633 |
| 3 years | $-6,539 |
| 5 years | $-4,445 |
| 7 years | $-2,351 |
| 9 years | $-257 |
| 11 years | $1,838 |
| 13 years | $3,932 |
| 15 years | $6,026 |
| 17 years | $8,120 |
| 19 years | $10,214 |
| 21 years | $12,308 |
| 23 years | $14,402 |
| 25 years | $16,496 |
Top Solar Installers in Price
Although it's possible to install solar panels by yourself, it requires extra energy and handiness. That's why most homeowners choose to hire a solar panel installer. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
See all of the solar companies in Price
Factors that Affect Solar Panel Costs in Price
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Price: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,680 per kilowatt in Price. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Price, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Price to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Price, and each can charge varying amounts for labor and equipment. 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 come with an above-average cost. It's best to do some research and go with the company that offers the products, warranties and services you want and also fit into 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 | $18,715 | 9.6 years |
| 8 kW | $2.73 | $15,308 | $25,254 | 9.4 years |
| 10 kW | $2.68 | $18,760 | $31,942 | 9.3 years |
| 12 kW | $2.63 | $22,062 | $38,781 | 9.1 years |
| 14 kW | $2.57 | $25,213 | $45,770 | 8.9 years |
| 16 kW | $2.52 | $28,215 | $52,909 | 8.7 years |
| 18 kW | $2.47 | $31,067 | $60,198 | 8.5 years |
| 20 kW | $2.41 | $33,768 | $67,637 | 8.3 years |
How to Save on Solar Panels
There are numerous companies available in Price, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Price, UT Solar Cost FAQs
What is the average cost of installing solar panels in Price?
The average cost of solar panels in Price is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Price?
Solar panels aren't free in Price, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Price?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 household 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.