Solar Panel Cost Guide in Provo, UT (2024 Update)
- Provo Solar Installation Cost: $11,996
- 25-Year Savings: $14,346
- Payback Period: 12.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Provo
Let’s have a look at the average cost of solar in Provo.
The national average cost of solar panels is $2.66 per watt, but in Provo it’s 3 per watt.To cover the typical energy needs of the average home in Provo, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs around $11,996, or $17,154 before the federal solar tax credit of 0 is applied.
The actual price you pay can go higher or lower than the average in Provo based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Provo can save about $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Provo for a quote for your home.
Solar savings over time in Provo
| Year | Return on Investment |
|---|---|
| 1 years | $-10,981 |
| 3 years | $-8,951 |
| 5 years | $-6,922 |
| 7 years | $-4,892 |
| 9 years | $-2,863 |
| 11 years | $-833 |
| 13 years | $1,196 |
| 15 years | $3,226 |
| 17 years | $5,255 |
| 19 years | $7,285 |
| 21 years | $9,314 |
| 23 years | $11,344 |
| 25 years | $13,373 |
Top Solar Installers in Provo
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make switching to solar power much easier. Some solar companies, particularly local ones, can help you take advantage of incentives in Provo, therefore optimizing your ROI.
If you’d like to go solar but still aren’t sure which solar system installer to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Provo
Factors that Affect Solar Panel Costs in Provo
There are several factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant 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 around $3,290 per kilowatt in Provo.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Provo, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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 available from most installers in Provo, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Provo is the company you hire to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services at different price points.Additionally, some companies in Provo have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,411 | 12.9 years |
| 8 kW | $3.36 | $18,792 | $18,250 | 12.7 years |
| 10 kW | $3.29 | $23,030 | $23,273 | 12.4 years |
| 12 kW | $3.22 | $27,083 | $28,480 | 12.2 years |
| 14 kW | $3.16 | $30,952 | $33,872 | 11.9 years |
| 16 kW | $3.09 | $34,637 | $39,448 | 11.7 years |
| 18 kW | $3.03 | $38,138 | $45,208 | 11.4 years |
| 20 kW | $2.96 | $41,454 | $51,152 | 11.2 years |
How to Save on Solar Panels
There are a large number of companies available in Provo, 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:
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Warranty: Warranties that provide coverage for 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 sign of a good company.
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like 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
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Provo, UT Solar Cost FAQs
What is the average cost of installing solar panels in Provo?
The average cost of solar panels in Provo 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Provo?
You can’t get solar panels for free in Provo. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Provo is currently $456,589, so you can look forward to a value of about $18,720 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Provo is a worthwhile investment.
How often do you have to replace solar panels?
On average, solar panels can last 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 higher amount 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.