Solar Panel Cost Guide in South Jordan, UT (Aug 2022)
- South Jordan Solar Installation Cost: $10,392
- 25-Year Savings: $15,785
- Payback Period: 9.9 Years
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Updated 7/19/2022
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Average Cost of Solar Panels in South Jordan
Let's have a look at the average cost of solar in South Jordan.
The national average cost of solar panels is $2.66 per watt, but in South Jordan it's $3 per watt. Because a 5.2-kW system is needed to cover the energy needs of a typical home in South Jordan, the average price of going solar will be about $10,392 before claiming the federal solar tax credit.
How much you pay can go above or below the average in South Jordan based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. Even with the high upfront cost, the average South Jordan homeowner can save about $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 reputable solar installer in South Jordan for a custom quote.
Solar savings over time in South Jordan
| Year | Return on Investment |
|---|---|
| 1 years | $-9,345 |
| 3 years | $-7,251 |
| 5 years | $-5,157 |
| 7 years | $-3,063 |
| 9 years | $-968 |
| 11 years | $1,126 |
| 13 years | $3,220 |
| 15 years | $5,314 |
| 17 years | $7,408 |
| 19 years | $9,502 |
| 21 years | $11,596 |
| 23 years | $13,690 |
| 25 years | $15,785 |
Top Solar Installers in South Jordan
Many homeowners decide to hire a solar installer since trying to install solar panels on your own can be challenging. Also, if you'd like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
If you'd like to go solar but still aren't certain which solar installer to go with, here are our suggestions for providers nearby:
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 South Jordan
Factors that Affect Solar Panel Costs in South Jordan
Even though the average cost of solar panels in South Jordan is $10,392, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment Size
The size of the solar system you need for your home is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,680. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 in the long run on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the South Jordan average.
Solar Financing Terms
Most solar installers in South Jordan offer solar loans, which reduce your upfront costs of installing solar. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in South Jordan is the company you hire to install your PV system. As with choosing a company to install new cabinets, for example, there's no shortage of solar installers that offer a range of services for different budgets. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing 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 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 | $12,375 | $17,591 | 10.3 years |
| 8 kW | $2.73 | $16,183 | $23,773 | 10.1 years |
| 10 kW | $2.68 | $19,832 | $30,112 | 9.9 years |
| 12 kW | $2.63 | $23,322 | $36,611 | 9.7 years |
| 14 kW | $2.57 | $26,654 | $43,268 | 9.5 years |
| 16 kW | $2.52 | $29,827 | $50,084 | 9.3 years |
| 18 kW | $2.47 | $32,842 | $57,058 | 9.1 years |
| 20 kW | $2.41 | $35,698 | $64,191 | 8.9 years |
Solar Incentives in South Jordan
| Name | Renewable Energy Systems Tax Credit (Corporate) |
| Incentive Amount | Commercial wind, geothermal electric, and biomass systems 660 kW or greater, and solar PV systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years Other commercial technologies and commercial wind, geothermal electric, solar PV, and biomass systems smaller than 600 kW: 10% of installed cost Photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost |
| Incentive Max | Residential: $2,000 Commercial Production Tax Credit: No limit Commercial Investment Tax Credit: $50,000 |
| Website | Visit here |
| More Info | Click here |
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit here |
| Name | Renewable Energy Systems Tax Credit (Personal) |
| Incentive Amount | Residential: 25% Commercial wind, geothermal electric, and biomass systems 660 kW or greater 0.35¢/kWh ($0.0035/kWh) for 4 years Other commercial technologies and commercial wind, geothermal electric, and biomass systems smaller than 660 kW: 10% of installed cost Solar photovoltaic systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years Solar photovoltaic systems smaller than 660 kW: 10% of installed costSolar photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost |
| Incentive Max | Residential: $2,000 (phases down for PV systems beginning in 2018) Commercial Production Tax Credit: No limit Commercial Investment Tax Credit: $50,000 |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's South Jordan, UT Solar Cost FAQs
What is the average cost of installing solar panels in South Jordan?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly 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 above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in South Jordan?
Leasing solar panels can be an option if you can't afford to pay upfront or secure 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 savings from going solar.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $998.89 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 home 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.
