Solar Panel Cost Guide in Salem, UT (Nov 2022)

  • Salem Solar Installation Cost: $9,774
  • 25-Year Savings: $14,863
  • Payback Period: 9.9 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Salem

Find out what the average cost of solar panel installation is in Salem.

While the national average of solar panels is $2.66 per watt, solar panels in Salem typically cost around $3. To account for the typical energy usage of the average home in Salem, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs about $9,774, or $7,233 after the federal solar tax credit of 30% is applied.

These figures are only averages, and your own solar costs may vary based on your energy needs and what company you go with. With typical savings of about $18,000 on energy bills over 20 years, many homeowners in Salem find investing in solar can be quite rewarding.

To receive a free estimate from a pre-vetted solar installation company in Salem, you can click the button below.

Solar savings over time in Salem

Year Return on Investment
1 years $-8,788
3 years $-6,818
5 years $-4,847
7 years $-2,876
9 years $-905
11 years $1,066
13 years $3,037
15 years $5,008
17 years $6,979
19 years $8,950
21 years $10,921
23 years $12,892
25 years $14,863

Top Solar Installers in Salem

When switching to solar energy, many homeowners decide to go with a solar installer since putting up solar panels yourself can be a difficult project. The expertise that solar companies provide can be valuable as well, particularly if you don't quite know what kind of solar equipment would be right for your home.

There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:

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 Salem

Factors that Affect Solar Panel Costs in Salem

Even though the average cost of solar panels in Salem is $9,774, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.

Solar Equipment

The size of the solar system you need for your household is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,680. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Salem average.

Solar Financing Terms

Most solar companies in Salem have solar loans, which reduce your upfront costs of installing solar. 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 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 considerably.

Solar Panel Installation Company

The solar installer you select will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $16,674 10.3 years
8 kW $2.73 $15,308 $22,532 10.1 years
10 kW $2.68 $18,760 $28,540 9.9 years
12 kW $2.63 $22,062 $34,698 9.7 years
14 kW $2.57 $25,213 $41,006 9.5 years
16 kW $2.52 $28,215 $47,465 9.3 years
18 kW $2.47 $31,067 $54,073 9.1 years
20 kW $2.41 $33,768 $60,832 8.9 years

How to Save on Solar Panels

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

  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
  • Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.

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 Salem, UT Solar Cost FAQs

What is the average cost of installing solar panels in Salem?

The average cost of solar panels in Salem 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Salem?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Can solar panels significantly reduce my power bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Salem, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

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 larger 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.

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