Solar Panel Cost Guide in Santaquin, UT (2025 Update)
- Santaquin Solar Installation Cost: $12,000
- 25-Year Savings: $16,070
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Santaquin
Here’s how much it might cost to make the switch to solar in Santaquin.
Although the national average of solar panels is $2.66 per watt, solar panels in Santaquin generally cost around 3.To account for the typical energy usage of the average home in Santaquin, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs around $12,000, or $17,160 before the federal solar tax credit of 0 is applied.
The actual price you pay can be above or below the average in Santaquin based on a few factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a rewarding investment. The average homeowner in Santaquin can save about $19,000 on their power bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Santaquin, you can click the button below.
Solar savings over time in Santaquin
Year | Return on Investment |
---|---|
1 years | $-11,003 |
3 years | $-9,011 |
5 years | $-7,019 |
7 years | $-5,027 |
9 years | $-3,035 |
11 years | $-1,042 |
13 years | $950 |
15 years | $2,942 |
17 years | $4,934 |
19 years | $6,927 |
21 years | $8,919 |
23 years | $10,911 |
25 years | $12,903 |
Top Solar Installers in Santaquin
Although you can install solar panels on your own, it takes extra effort and know-how. That's one of the reasons most people choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
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 Santaquin
Factors that Affect Solar Panel Costs in Santaquin
Though the average cost of a solar system in Santaquin is $12,000, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,290. The type of solar equipment you choose can bring your price up or down 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. Additionally, extra products, such as solar batteries, can bring your total well above the Santaquin average.
Solar Financing Terms
Many homeowners find the average cost of solar in Santaquin to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.You’ll have to consider the long-term cost of loans, 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 getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact your pricing. Santaquin’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $3.42 | $14,371 | $15,390 | 12.1 years |
8 kW | $3.36 | $18,792 | $20,889 | 11.8 years |
10 kW | $3.29 | $23,030 | $26,572 | 11.6 years |
12 kW | $3.22 | $27,083 | $32,439 | 11.4 years |
14 kW | $3.16 | $30,952 | $38,490 | 11.1 years |
16 kW | $3.09 | $34,637 | $44,725 | 10.9 years |
18 kW | $3.03 | $38,138 | $51,145 | 10.7 years |
20 kW | $2.96 | $41,454 | $57,749 | 10.4 years |
How to Save on Solar Panels
There are numerous companies available in Santaquin, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: If you care about the longevity of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which installer you should opt for, since different companies offer different panels.
- 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 company, such as what permits you should acquire and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Santaquin, UT Solar Cost FAQs
How much does it cost to install solar panels in Santaquin?
The average cost of solar panels in Santaquin is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Santaquin?
You can’t get solar panels for free in Santaquin. 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 want to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Santaquin, that will require at least a 10-kW system. Not all homes can accommodate 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?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.