Solar Panel Cost Guide in Sandy, UT (2023 Update)
- Sandy Solar Installation Cost: $9,832
- 25-Year Savings: $15,099
- Payback Period: 9.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sandy
We go over average solar pricing in Sandy.
The national average cost of solar panels is $2.66 per watt, but in Sandy it's 2.68 per watt. To cover the typical energy usage of the average home in Sandy, most homeowners require a 5.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,830, or $14,057 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary based on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Sandy can save about $18,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a customized quote.
Solar savings over time in Sandy
| Year | Return on Investment |
|---|---|
| 1 years | $-9,749 |
| 3 years | $-9,583 |
| 5 years | $-9,417 |
| 7 years | $-9,251 |
| 9 years | $-9,084 |
| 11 years | $-8,918 |
| 13 years | $-8,752 |
| 15 years | $-8,586 |
| 17 years | $-8,420 |
| 19 years | $-8,253 |
| 21 years | $-8,087 |
| 23 years | $-7,921 |
| 25 years | $-7,755 |
Top Solar Installers in Sandy
Many homeowners decide to use a solar installation company since trying to put up solar panels yourself can be a lot of work. In addition, if you'd like to maximize your investment in solar power, going with a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives and net metering programs.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Sandy:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Sandy
Factors that Affect Solar Panel Costs in Sandy
There are a number of criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Sandy, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,680 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Sandy is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that provide a range of services at different price points. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fits within your budget.
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
The solar company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Warranty: If you care about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which model 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 deciding.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Sandy, UT Solar Cost FAQs
What is the average cost of installing solar panels in Sandy?
The average cost of solar panels in Sandy is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on things like the model 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 Sandy?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Sandy?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.