Solar Panel Cost Guide in Saratoga Springs, UT (2023 Update)
- Saratoga Springs Solar Installation Cost: $9,774
- 25-Year Savings: $13,942
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Saratoga Springs
Find out what the average cost of installing solar panels is in Saratoga Springs.
While the national average of solar panels is $2.66 per watt, solar panels in Saratoga Springs typically cost around 2.68. 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.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what company you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Saratoga Springs can save around $17,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Saratoga Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-8,825 |
| 3 years | $-6,928 |
| 5 years | $-5,031 |
| 7 years | $-3,133 |
| 9 years | $-1,236 |
| 11 years | $661 |
| 13 years | $2,558 |
| 15 years | $4,456 |
| 17 years | $6,353 |
| 19 years | $8,250 |
| 21 years | $10,148 |
| 23 years | $12,045 |
| 25 years | $13,942 |
Top Solar Installers in Saratoga Springs
When going solar, many homeowners prefer to go with a solar installer since installing solar panels yourself can be a time-consuming project. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 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 key 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 discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,680 per kilowatt in Saratoga Springs. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Saratoga Springs offer solar loans, which reduce your upfront costs of installing a solar system. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should keep in mind 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 varying price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $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 a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Saratoga Springs, UT Solar Cost FAQs
How much does it cost to install solar panels in Saratoga Springs?
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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Saratoga Springs?
A solar panel system isn't free in Saratoga Springs, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Saratoga Springs is currently $332,174, which means you could be looking at a value of about $13,619 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Saratoga Springs is a rewarding investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.