Solar Panel Cost Guide in Providence, UT (Mar 2023)
- Providence Solar Installation Cost: $9,661
- 25-Year Savings: $14,773
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Providence
We go over average solar pricing in Providence.
In Providence, solar panels cost about 2.68 per watt on average. To cover the typical energy usage of the average home in Providence, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs around $9,661, or $13,815 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Providence
| Year | Return on Investment |
|---|---|
| 1 years | $-8,684 |
| 3 years | $-6,729 |
| 5 years | $-4,775 |
| 7 years | $-2,820 |
| 9 years | $-865 |
| 11 years | $1,090 |
| 13 years | $3,044 |
| 15 years | $4,999 |
| 17 years | $6,954 |
| 19 years | $8,908 |
| 21 years | $10,863 |
| 23 years | $12,818 |
| 25 years | $14,773 |
Top Solar Installers in Providence
Although it's possible to install solar panels by yourself, it requires extra labor and expertise. For that reason, most homeowners choose to hire a solar panel installer. Companies can also provide access to quality options of the best solar panels and help you decide which one will be best for you.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Providence
Factors that Affect Solar Panel Costs in Providence
The cost of installing a solar system in Providence can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,680 per kilowatt in Providence. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Providence, where sunlight is abundant, efficiency can quickly pay off. Plus, 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
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Providence, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make adopting solar energy more accessible for Providence 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 avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. 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 go with the company that has 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 | $2.79 | $11,706 | $16,771 | 10.3 years |
| 8 kW | $2.73 | $15,308 | $22,661 | 10.1 years |
| 10 kW | $2.68 | $18,760 | $28,701 | 9.9 years |
| 12 kW | $2.63 | $22,062 | $34,892 | 9.7 years |
| 14 kW | $2.57 | $25,213 | $41,232 | 9.5 years |
| 16 kW | $2.52 | $28,215 | $47,723 | 9.3 years |
| 18 kW | $2.47 | $31,067 | $54,364 | 9.1 years |
| 20 kW | $2.41 | $33,768 | $61,154 | 8.9 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Providence, UT Solar Cost FAQs
What is the average cost of installing solar panels in Providence?
This is a tough question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Providence?
A solar panel system isn't free in Providence, 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.
How much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Providence, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 buy between 20 and 35 panels to account for 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.