Solar Panel Cost Guide in Spanish Fork, UT (2023 Update)
- Spanish Fork Solar Installation Cost: $9,774
- 25-Year Savings: $13,817
- Payback Period: 10.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Spanish Fork
We break down average solar pricing in Spanish Fork.
The national average cost of solar panels is $2.66 per watt, but in Spanish Fork it's 2.68 per watt. To account for the typical energy usage of the average home in Spanish Fork, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs about $9,774, or $13,977 before the federal solar tax credit of 30% is applied.
The true cost of your system can go above or below the average in Spanish Fork based on a few factors, such as the model of solar panels you choose and the solar contractor you hire. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Spanish Fork can save around $17,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Spanish Fork
| Year | Return on Investment |
|---|---|
| 1 years | $-8,830 |
| 3 years | $-6,943 |
| 5 years | $-5,056 |
| 7 years | $-3,168 |
| 9 years | $-1,281 |
| 11 years | $606 |
| 13 years | $2,493 |
| 15 years | $4,381 |
| 17 years | $6,268 |
| 19 years | $8,155 |
| 21 years | $10,042 |
| 23 years | $11,930 |
| 25 years | $13,817 |
Top Solar Installers in Spanish Fork
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make switching to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance in the long run.
If you're looking for a solar installer in Spanish Fork, we've organized a list of our top suggestions here:
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 Spanish Fork
Factors that Affect Solar Panel Costs in Spanish Fork
For many Spanish Fork homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Spanish Fork, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Spanish Fork, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $2,680 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 over time on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Spanish Fork average.
Solar Financing Terms
Most solar companies in Spanish Fork have solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, 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 | $15,469 | 10.8 years |
| 8 kW | $2.73 | $15,308 | $20,925 | 10.6 years |
| 10 kW | $2.68 | $18,760 | $26,531 | 10.4 years |
| 12 kW | $2.63 | $22,062 | $32,288 | 10.1 years |
| 14 kW | $2.57 | $25,213 | $38,195 | 9.9 years |
| 16 kW | $2.52 | $28,215 | $44,251 | 9.7 years |
| 18 kW | $2.47 | $31,067 | $50,458 | 9.5 years |
| 20 kW | $2.41 | $33,768 | $56,815 | 9.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Spanish Fork, UT Solar Cost FAQs
How much does it cost to install solar panels in Spanish Fork?
The average cost of solar panels in Spanish Fork 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Spanish Fork?
You can't get solar panels for free in Spanish Fork. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Spanish Fork?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.