Solar Panel Cost Guide in Silver Summit, UT (2024 Update)

  • Silver Summit Solar Installation Cost: $11,965
  • 25-Year Savings: $16,430
  • Payback Period: 11.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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Average Cost of Solar Panels in Silver Summit

We go over average solar pricing in Silver Summit.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Silver Summit, the typical cost of a solar system is 3 per watt.Because a 5.2-kW system is needed to cover the energy usage of a typical home in Silver Summit, the average price of going solar will be about $11,965 after claiming the federal solar tax credit of 0.

The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with.Despite the significant initial cost, the average Silver Summit homeowner can save around $19,000 on their energy bills over 20 years, which is one of the benefits of solar.

Click the button below to get connected to a vetted solar company in your area for a personalized estimate.

Solar savings over time in Silver Summit

Year Return on Investment
1 years $-10,969
3 years $-8,977
5 years $-6,984
7 years $-4,992
9 years $-3,000
11 years $-1,008
13 years $984
15 years $2,977
17 years $4,969
19 years $6,961
21 years $8,953
23 years $10,946
25 years $12,938

Top Solar Installers in Silver Summit

Although you can install solar panels by yourself, it requires extra time and handiness. Because of that, almost all homeowners choose to go with a solar panel installer. Another great thing about going with a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.

If you're searching for a solar company in Silver Summit, we've organized a list of our top suggestions here:

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

Solar Veteran

Creative Energies

★★★★★
4.5

  • Certified B Corp
  • Outstanding customer service
  • Many years of experience
  • Multitude of products and services
  • No leases or PPAs
  • Slightly expensive

See all of the solar companies in Silver Summit

Factors that Affect Solar Panel Costs in Silver Summit

Though the average cost of a solar system in Silver Summit is $11,965, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of going solar 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 $3,290 per kilowatt in Silver Summit.There are many different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Silver Summit homeowners decide to finance their solar panel systems to offset upfront costs.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.

Solar Panel Installation Company

The solar panel installer you pick will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 $15,859 11.9 years
8 kW $3.36 $18,792 $21,514 11.7 years
10 kW $3.29 $23,030 $27,353 11.4 years
12 kW $3.22 $27,083 $33,377 11.2 years
14 kW $3.16 $30,952 $39,584 11.0 years
16 kW $3.09 $34,637 $45,976 10.7 years
18 kW $3.03 $38,138 $52,552 10.5 years
20 kW $2.96 $41,454 $59,313 10.3 years

How to Save on Solar Panels

There are a lot of companies to choose from in Silver Summit, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
  • Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Warranty: If you’re worried about the durability of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.

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

Solar Veteran

Creative Energies

★★★★★
4.5

  • Certified B Corp
  • Outstanding customer service
  • Many years of experience
  • Multitude of products and services
  • No leases or PPAs
  • Slightly expensive

EcoWatch's Silver Summit, UT Solar Cost FAQs

How much does it cost to install solar panels in Silver Summit?

This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

What other factors should I consider apart from cost when buying solar panels?

Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

Is it worth going solar in Silver Summit?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.

How many solar panels do I need to power my home?

To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.

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