Solar Panel Cost Guide in Stansbury Park, UT (2024 Update)
- Stansbury Park Solar Installation Cost: $12,472
- 25-Year Savings: $16,017
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Stansbury Park
Find out what the average cost of installing solar panels is in Stansbury Park.
In Stansbury Park, solar panels cost about 3 per watt on average.The average solar panel system size in Stansbury Park is around 5.4 kilowatts, meaning a cost of about $12,472 for a solar installation, or $17,835 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Stansbury Park homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on power bills.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Stansbury Park
| Year | Return on Investment |
|---|---|
| 1 years | $-11,476 |
| 3 years | $-9,483 |
| 5 years | $-7,491 |
| 7 years | $-5,499 |
| 9 years | $-3,507 |
| 11 years | $-1,514 |
| 13 years | $478 |
| 15 years | $2,470 |
| 17 years | $4,462 |
| 19 years | $6,455 |
| 21 years | $8,447 |
| 23 years | $10,439 |
| 25 years | $12,431 |
Top Solar Installers in Stansbury Park
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make switching to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Stansbury Park
Factors that Affect Solar Panel Costs in Stansbury Park
While the average cost of a solar system in Stansbury Park is $12,472, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.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 a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies operating in Stansbury Park, and each can charge different amounts for labor and equipment.Additionally, some companies in Stansbury Park know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $14,631 | 12.4 years |
| 8 kW | $3.36 | $18,792 | $19,877 | 12.1 years |
| 10 kW | $3.29 | $23,030 | $25,307 | 11.9 years |
| 12 kW | $3.22 | $27,083 | $30,921 | 11.7 years |
| 14 kW | $3.16 | $30,952 | $36,719 | 11.4 years |
| 16 kW | $3.09 | $34,637 | $42,702 | 11.2 years |
| 18 kW | $3.03 | $38,138 | $48,868 | 11.0 years |
| 20 kW | $2.96 | $41,454 | $55,219 | 10.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Stansbury Park, UT Solar Cost FAQs
What is the average cost of installing solar panels in Stansbury Park?
This is a tough question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Stansbury Park?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a 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 install between 20 and 35 panels to account for 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.