Solar Panel Cost Guide in Price, UT (2024 Update)
- Price Solar Installation Cost: $11,890
- 25-Year Savings: $16,491
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Price
Here’s how much it might cost to go solar in Price.
In Price, solar panels cost about 3 per watt on average.Since a 5.2-kW system is needed to cover the energy usage of a typical home in Price, the average price of going solar will be about $11,890 after claiming the federal solar tax credit of 0.
How much you pay can be higher or lower than the average in Price depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.Despite the large upfront cost, the average Price homeowner can save about $19,000 on their energy bills over 20 years, which is one of the advantages of solar.
To get a free quote from a top solar company in Price, you can click the button below.
Solar savings over time in Price
| Year | Return on Investment |
|---|---|
| 1 years | $-10,894 |
| 3 years | $-8,901 |
| 5 years | $-6,909 |
| 7 years | $-4,917 |
| 9 years | $-2,925 |
| 11 years | $-933 |
| 13 years | $1,060 |
| 15 years | $3,052 |
| 17 years | $5,044 |
| 19 years | $7,036 |
| 21 years | $9,029 |
| 23 years | $11,021 |
| 25 years | $13,013 |
Top Solar Installers in Price
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be time-consuming. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy needs, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
There are various licensed solar professionals that can install solar panels for you. 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 Price
Factors that Affect Solar Panel Costs in Price
Although the average cost of a solar system in Price is $11,890, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,290.The type of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable route because they reduce your upfront costs and let you pay for your system over five to seven years on average.Even though solar loans make switching to solar energy more accessible for Price homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you get to install your solar system can impact the cost. Price’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 decide on the company that offers 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 | $3.42 | $14,371 | $16,051 | 11.8 years |
| 8 kW | $3.36 | $18,792 | $21,769 | 11.6 years |
| 10 kW | $3.29 | $23,030 | $27,672 | 11.4 years |
| 12 kW | $3.22 | $27,083 | $33,760 | 11.1 years |
| 14 kW | $3.16 | $30,952 | $40,031 | 10.9 years |
| 16 kW | $3.09 | $34,637 | $46,487 | 10.7 years |
| 18 kW | $3.03 | $38,138 | $53,127 | 10.4 years |
| 20 kW | $2.96 | $41,454 | $59,951 | 10.2 years |
How to Save on Solar Panels
There are a large number of 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:
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide 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
EcoWatch's Price, UT Solar Cost FAQs
How much does it cost to install solar panels in Price?
The average cost of solar panels in Price is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my energy 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 $1,014.05 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.