Solar Panel Cost Guide in Roy, UT (2025 Update)
- Roy Solar Installation Cost: $11,942
- 25-Year Savings: $16,449
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Roy
Find out what the average cost of solar panel installation is in Roy.
The average cost of a solar panel system in Roy is 3 per watt.To cover the typical energy usage of the average home in Roy, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs about $11,942, or $17,077 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more.Many homeowners find going solar is a fruitful investment. The average homeowner in Roy can save about $19,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a custom quote.
Solar savings over time in Roy
| Year | Return on Investment |
|---|---|
| 1 years | $-10,946 |
| 3 years | $-8,953 |
| 5 years | $-6,961 |
| 7 years | $-4,969 |
| 9 years | $-2,977 |
| 11 years | $-984 |
| 13 years | $1,008 |
| 15 years | $3,000 |
| 17 years | $4,992 |
| 19 years | $6,985 |
| 21 years | $8,977 |
| 23 years | $10,969 |
| 25 years | $12,961 |
Top Solar Installers in Roy
Although it's possible to install solar panels by yourself, it requires extra effort and knowledge. That's one of the reasons most people choose to go with a solar panel installer. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
If you're on the hunt for a solar installer in Roy, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Roy
Factors that Affect Solar Panel Costs in Roy
The cost of installing a solar system in Roy can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,290.There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Roy homeowners decide to finance their solar panel systems to offset upfront costs.Though solar loans make adopting solar energy more accessible for Roy homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Roy is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, you’ll have many options for solar installers that provide a range of services at different costs.The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $15,919 | 11.9 years |
| 8 kW | $3.36 | $18,792 | $21,593 | 11.6 years |
| 10 kW | $3.29 | $23,030 | $27,452 | 11.4 years |
| 12 kW | $3.22 | $27,083 | $33,495 | 11.2 years |
| 14 kW | $3.16 | $30,952 | $39,723 | 10.9 years |
| 16 kW | $3.09 | $34,637 | $46,134 | 10.7 years |
| 18 kW | $3.03 | $38,138 | $52,730 | 10.5 years |
| 20 kW | $2.96 | $41,454 | $59,510 | 10.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Roy, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you care about the longevity of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies have different brands and types of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Contract: Before you sign a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
EcoWatch's Roy, UT Solar Cost FAQs
How much does it cost to install solar panels in Roy?
The average cost of solar panels in Roy is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Roy?
You can’t get solar panels for free in Roy. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase your home 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."
How long do solar panels last in Roy?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.