Solar Panel Cost Guide in Stansbury Park, UT (Mar 2023)
- Stansbury Park Solar Installation Cost: $10,168
- 25-Year Savings: $16,009
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Stansbury Park
Find out how much it might cost to switch to solar power in Stansbury Park.
The national average cost of solar panels is $2.66 per watt, but in Stansbury Park it's 2.68 per watt. The average solar panel system size in Stansbury Park is around 5.4 kilowatts, meaning a cost of about $10,168 for a solar installation, or $14,540 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely look different based on the amount of energy your home requires and what company you want to go with. With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Stansbury Park find installing solar panels has a decent ROI.
Click the button below to get connected to a vetted solar company in Stansbury Park for a personalized estimate.
Solar savings over time in Stansbury Park
| Year | Return on Investment |
|---|---|
| 1 years | $-9,121 |
| 3 years | $-7,027 |
| 5 years | $-4,933 |
| 7 years | $-2,838 |
| 9 years | $-744 |
| 11 years | $1,350 |
| 13 years | $3,444 |
| 15 years | $5,538 |
| 17 years | $7,632 |
| 19 years | $9,726 |
| 21 years | $11,820 |
| 23 years | $13,914 |
| 25 years | $16,009 |
Top Solar Installers in Stansbury Park
Although it's possible to install solar panels on your own, it requires extra time and know-how. That's one of the reasons most people choose to go with a solar panel installer. The expertise that solar installers offer can be helpful as well, particularly if you don't quite know what type of solar equipment you need.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Stansbury Park
Factors that Affect Solar Panel Costs in Stansbury Park
While the average cost of a solar system in Stansbury Park is $10,168, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The solar equipment you choose can bring your price up or down 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. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Stansbury Park average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Stansbury Park, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only 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 securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Stansbury Park is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services for different budgets. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also fit into your budget.
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 | $17,296 | 10.1 years |
| 8 kW | $2.73 | $15,308 | $23,361 | 9.9 years |
| 10 kW | $2.68 | $18,760 | $29,577 | 9.7 years |
| 12 kW | $2.63 | $22,062 | $35,942 | 9.5 years |
| 14 kW | $2.57 | $25,213 | $42,458 | 9.3 years |
| 16 kW | $2.52 | $28,215 | $49,124 | 9.1 years |
| 18 kW | $2.47 | $31,067 | $55,940 | 8.9 years |
| 20 kW | $2.41 | $33,768 | $62,905 | 8.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Stansbury Park, UT Solar Cost FAQs
What is the average cost of installing solar panels in Stansbury Park?
The average cost of solar panels in Stansbury Park 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.