Solar Panel Cost Guide in Snyderville, UT (2023 Update)
- Snyderville Solar Installation Cost: $11,965
- 25-Year Savings: $16,430
- Payback Period: 11.4 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Snyderville
Find out how much it might cost to switch to solar power in Snyderville.
The average cost of a solar system in Snyderville is 3 per watt.The average Snyderville homeowner needs a 5.2-kilowatt system, which would cost about $11,965 with the federal tax credit, or $17,110 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Snyderville homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on energy bills.
To receive a free estimate from a highly rated solar installation company in Snyderville, you can click the button below.
Solar savings over time in Snyderville
| 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 Snyderville
Many homeowners decide to use a solar installer since figuring out how to install solar panels yourself can be a lot of work. Local solar companies can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Snyderville
Factors that Affect Solar Panel Costs in Snyderville
The cost of installing a solar system in Snyderville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,290.There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Snyderville, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s important to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Snyderville, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have 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 discount can bring their pricing lower 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 | $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 available in Snyderville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Warranty: If you care about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Snyderville, UT Solar Cost FAQs
How much does it cost to install solar panels in Snyderville?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality 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 expensive solar panels.
Is it better to lease or buy solar panels in Snyderville?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to 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 financial benefits from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
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 stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had 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.