Solar Panel Cost Guide in Sandy, UT (Aug 2022)

  • Sandy Solar Installation Cost: $10,392
  • 25-Year Savings: $14,539
  • Payback Period: 10.4 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in Sandy

Find out what the average cost of a solar system is in Sandy.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Sandy, the average cost of a solar system is $3 per watt. The average solar panel system size in Sandy is around 5.2 kilowatts, meaning a cost of about $10,392 for a solar installation, or $7,690 after the federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. With typical savings of about $18,000 on power bills over 20 years, many homeowners in Sandy find installing solar panels has a decent ROI.

To get a free quote from a pre-vetted solar installer in Sandy, you can click the button below.

Solar savings over time in Sandy

Year Return on Investment
1 years $-9,395
3 years $-7,400
5 years $-5,406
7 years $-3,411
9 years $-1,417
11 years $578
13 years $2,572
15 years $4,566
17 years $6,561
19 years $8,555
21 years $10,550
23 years $12,544
25 years $14,539

Top Solar Installers in Sandy

When switching to solar energy, many homeowners prefer to hire a solar installation company since handling can be a difficult project. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your upfront investment.

You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:

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 Sandy

Factors that Affect Solar Panel Costs in Sandy

The cost of installing a solar system in Sandy can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment Size

The size of the solar system you need is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,680. The model of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Plus, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about 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 falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Sandy to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

Lastly, the company you choose to install your solar panels can affect how much you pay. Sandy's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion 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 $2.79 $12,375 $16,165 10.8 years
8 kW $2.73 $16,183 $21,871 10.6 years
10 kW $2.68 $19,832 $27,736 10.4 years
12 kW $2.63 $23,322 $33,759 10.2 years
14 kW $2.57 $26,654 $39,940 10.0 years
16 kW $2.52 $29,827 $46,281 9.8 years
18 kW $2.47 $32,842 $52,780 9.6 years
20 kW $2.41 $35,698 $59,438 9.4 years

Solar Incentives in Sandy

Name Renewable Energy Systems Tax Credit (Corporate)
Incentive Amount Commercial wind, geothermal electric, and biomass systems 660 kW or greater, and solar PV systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years
Other commercial technologies and commercial wind, geothermal electric, solar PV, and biomass systems smaller than 600 kW: 10% of installed cost
Photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost
Incentive Max Residential: $2,000
Commercial Production Tax Credit: No limit
Commercial Investment Tax Credit: $50,000
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More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Renewable Energy Systems Tax Credit (Personal)
Incentive Amount Residential: 25%
Commercial wind, geothermal electric, and biomass systems 660 kW or greater 0.35¢/kWh ($0.0035/kWh) for 4 years
Other commercial technologies and commercial wind, geothermal electric, and biomass systems smaller than 660 kW: 10% of installed cost
Solar photovoltaic systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years
Solar photovoltaic systems smaller than 660 kW: 10% of installed costSolar photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost
Incentive Max Residential: $2,000 (phases down for PV systems beginning in 2018)
Commercial Production Tax Credit: No limit
Commercial Investment Tax Credit: $50,000
Website Visit here
More Info Click here

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. Since selecting a company can be a challenge, we have some tips to help you, such as:

  • Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
  • Solar Panel Brands: The model of solar panel you'd like plays a role in which installer you should opt for, since different companies provide different panels.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely have a solid reputation and are qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
  • Contract: Before signing a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.

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 Sandy, UT Solar Cost FAQs

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

This is a difficult question to answer precisely, because the cost depends on a variety of 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 more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

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

Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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.

How will installing solar panels impact my home value?

Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't choose 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 a solar system."

How long do solar panels last in Sandy?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can 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.

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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