Solar Panel Cost Guide in Roy, UT (2024 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.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Roy, the typical cost of a solar system is 3 per watt.Using this figure, a typical 5.2-kW system would cost about $11,942 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Roy homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar company, click the button below.
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
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make converting to solar power much easier. Plus, if you aren’t sure what type of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Roy
Factors that Affect Solar Panel Costs in Roy
Even though the average cost of a solar system in Roy is $11,942, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important 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 electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,290 per kilowatt in Roy.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Roy, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Roy to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.However, the interest on solar loans also increases your overall costs, so it’s vital to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence the cost. Roy’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $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
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: If you’re worried about the longevity of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Roy, UT Solar Cost FAQs
How much does it cost to install solar panels in Roy?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for 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’d rather own your solar panels, you can finance them with a solar loan.
How will having solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Roy is currently $413,366, so you can expect a value of about $16,948 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Roy is a worthwhile investment.
How often do you have to replace solar panels?
Although 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 how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.
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.