Solar Panel Cost Guide in Sandy, UT (2023 Update)
- Sandy Solar Installation Cost: $9,830
- 25-Year Savings: $15,101
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sandy
Let's have a look at the average cost of solar panels in Sandy.
In Sandy, solar panels cost about 2.68 per watt on average. The average Sandy homeowner needs a 5.2-kilowatt system, which would cost about $9,830 with the federal tax credit, or $14,057 before the 30% tax credit is applied.
These figures are only estimates, and how much solar costs for you will vary based on your energy needs and what company you choose to go with. Despite the high initial cost, the average Sandy homeowner can save about $18,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar company in Sandy for a quote for your home.
Solar savings over time in Sandy
| Year | Return on Investment |
|---|---|
| 1 years | $-8,833 |
| 3 years | $-6,839 |
| 5 years | $-4,844 |
| 7 years | $-2,850 |
| 9 years | $-855 |
| 11 years | $1,139 |
| 13 years | $3,134 |
| 15 years | $5,128 |
| 17 years | $7,123 |
| 19 years | $9,117 |
| 21 years | $11,112 |
| 23 years | $13,106 |
| 25 years | $15,101 |
Top Solar Installers in Sandy
Putting up solar panels yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy usage, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
See all of the solar companies in Sandy
Factors that Affect Solar Panel Costs in Sandy
While the average cost of a solar system in Sandy is $9,830, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,680. The kind of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Even though solar loans make adopting solar energy more accessible for Sandy homeowners, they can also raise 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
The solar installer you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Sandy, and each can charge varying amounts for labor and equipment. Additionally, some companies in Sandy know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $2.79 | $11,706 | $16,834 | 10.3 years |
| 8 kW | $2.73 | $15,308 | $22,746 | 10.1 years |
| 10 kW | $2.68 | $18,760 | $28,808 | 9.9 years |
| 12 kW | $2.63 | $22,062 | $35,019 | 9.7 years |
| 14 kW | $2.57 | $25,213 | $41,381 | 9.5 years |
| 16 kW | $2.52 | $28,215 | $47,893 | 9.3 years |
| 18 kW | $2.47 | $31,067 | $54,555 | 9.1 years |
| 20 kW | $2.41 | $33,768 | $61,367 | 8.9 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Sandy, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Review the contract terms carefully to make sure you understand the overall cost, completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Sandy, UT Solar Cost FAQs
What is the average cost of installing solar panels in Sandy?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Sandy?
A solar panel system isn't free in Sandy, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Sandy?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
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 the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having 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.
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.