Solar Panel Cost Guide in Saratoga Springs, UT (2023 Update)
- Saratoga Springs Solar Installation Cost: $9,771
- 25-Year Savings: $13,945
- Payback Period: 10.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Saratoga Springs
Here's how much it might cost to install solar panels in Saratoga Springs.
The national average cost of solar panels is $2.66 per watt, but in Saratoga Springs it's 2.68 per watt. The average solar panel system size in Saratoga Springs is around 5.2 kilowatts, meaning a cost of about $9,774 for a solar installation, or $13,977 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may look different based on the amount of energy your home requires and what company you want to go with. For many homeowners, the upfront investment in solar power is worth paying. On average Saratoga Springs homeowners see about $17,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar company in Saratoga Springs for a personalized quote.
Solar savings over time in Saratoga Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-9,692 |
| 3 years | $-9,534 |
| 5 years | $-9,376 |
| 7 years | $-9,218 |
| 9 years | $-9,060 |
| 11 years | $-8,902 |
| 13 years | $-8,744 |
| 15 years | $-8,586 |
| 17 years | $-8,428 |
| 19 years | $-8,269 |
| 21 years | $-8,111 |
| 23 years | $-7,953 |
| 25 years | $-7,795 |
Top Solar Installers in Saratoga Springs
Putting up solar panels yourself can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
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
See all of the solar companies in Saratoga Springs
Factors that Affect Solar Panel Costs in Saratoga Springs
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Saratoga Springs: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make going solar more accessible for Saratoga Springs homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Saratoga Springs, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more 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 discount can bring their pricing lower to compete with bigger names.
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 | $15,613 | 10.7 years |
| 8 kW | $2.73 | $15,308 | $21,117 | 10.5 years |
| 10 kW | $2.68 | $18,760 | $26,772 | 10.3 years |
| 12 kW | $2.63 | $22,062 | $32,576 | 10.1 years |
| 14 kW | $2.57 | $25,213 | $38,531 | 9.9 years |
| 16 kW | $2.52 | $28,215 | $44,636 | 9.7 years |
| 18 kW | $2.47 | $31,067 | $50,891 | 9.5 years |
| 20 kW | $2.41 | $33,768 | $57,296 | 9.3 years |
How to Save on Solar Panels
There are many companies to choose from in Saratoga Springs, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Warranty: If you're concerned about the endurance of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Saratoga Springs, UT Solar Cost FAQs
How much does it cost to install solar panels in Saratoga Springs?
The average cost of solar panels in Saratoga Springs 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Saratoga Springs?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of 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 bang for your buck from going solar.
Is it worth going solar in Saratoga Springs?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.