Solar Panel Cost Guide in Stansbury Park, UT (2023 Update)
- Stansbury Park Solar Installation Cost: $10,159
- 25-Year Savings: $16,017
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Stansbury Park
Find out what the average cost of solar panels are in Stansbury Park.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Stansbury Park, the average cost of solar panels is 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 your own solar costs may look different based on the amount of energy your home requires and what company you want to go with. Even with the large initial cost, the average Stansbury Park homeowner can save around $18,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Stansbury Park
| Year | Return on Investment |
|---|---|
| 1 years | $-9,163 |
| 3 years | $-7,171 |
| 5 years | $-5,179 |
| 7 years | $-3,186 |
| 9 years | $-1,194 |
| 11 years | $798 |
| 13 years | $2,790 |
| 15 years | $4,782 |
| 17 years | $6,775 |
| 19 years | $8,767 |
| 21 years | $10,759 |
| 23 years | $12,751 |
| 25 years | $14,744 |
Top Solar Installers in Stansbury Park
When switching to solar energy, many homeowners decide to use a solar installation company since installing solar panels yourself can be a challenging project. Plus, if you're unsure what type of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are several 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
See all of the solar companies in Stansbury Park
Factors that Affect Solar Panel Costs in Stansbury Park
Even though the average cost of a solar system in Stansbury Park is $10,168, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,680. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Stansbury Park, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Stansbury Park, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal 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 panel installer you select will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Stansbury Park know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $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
There are numerous companies to choose from in Stansbury Park, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
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 difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Stansbury Park have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.