Solar Panel Cost Guide in Provo, UT (Sep 2022)

  • Provo Solar Installation Cost: $9,774
  • 25-Year Savings: $14,344
  • Payback Period: 10.1 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Provo

Let's take a look at the average cost of solar panels in Provo.

The average cost of solar panels in Provo is $3 per watt. The average Provo homeowner needs a 5.2-kilowatt system, which would cost about $9,774, or $7,233 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. 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 utility bills.

To get a free estimate from a vetted solar company in Provo, you can click the button below.

Solar savings over time in Provo

Year Return on Investment
1 years $-8,809
3 years $-6,880
5 years $-4,950
7 years $-3,021
9 years $-1,092
11 years $838
13 years $2,767
15 years $4,697
17 years $6,626
19 years $8,556
21 years $10,485
23 years $12,414
25 years $14,344

Top Solar Installers in Provo

Trying to put up solar panels on your own can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Another good thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.

If you'd like to switch to solar energy but still aren't certain which solar system installer to go with, here are our recommendations for providers in Provo:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Local Installer

ES Solar

★★★★★
4.5

  • Representatives are experts on local policies
  • Lifetime workmanship warranty
  • Outstanding customer service
  • No leases or PPAs
  • Energy audits only available 12 months after installation

See all of the solar companies in Provo

Factors that Affect Solar Panel Costs in Provo

For many Provo homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Provo, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

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. Solar power systems that have greater efficiency or power production use 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 $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 energy bills. In addition, add-on products, like solar batteries, can bring your total well above the Provo average.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Provo homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only 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 getting a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The solar installation company you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.

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 $16,076 10.5 years
8 kW $2.73 $15,308 $21,734 10.3 years
10 kW $2.68 $18,760 $27,543 10.1 years
12 kW $2.63 $22,062 $33,502 9.9 years
14 kW $2.57 $25,213 $39,611 9.7 years
16 kW $2.52 $28,215 $45,870 9.5 years
18 kW $2.47 $31,067 $52,279 9.3 years
20 kW $2.41 $33,768 $58,838 9.1 years

Solar Incentives in Provo

Name Renewable Energy Systems Tax Credit (Corporate)
Website Visit here
More Info Click here

Name Renewable Energy Systems Tax Credit (Personal)
Website Visit here
More Info Click here

Name Rocky Mountain Power - wattsmart Residential Efficiency Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a lot of companies to choose from in Provo, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:

  • Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Local Installer

ES Solar

★★★★★
4.5

  • Representatives are experts on local policies
  • Lifetime workmanship warranty
  • Outstanding customer service
  • No leases or PPAs
  • Energy audits only available 12 months after installation

EcoWatch's Provo, UT Solar Cost FAQs

How much does it cost to install solar panels in Provo?

The average cost of solar panels in Provo 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Provo?

Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

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."

What solar power system size is right for my home?

To figure out what solar panel system size 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 usually 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.

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