Solar Panel Cost Guide in Sunset, UT (Mar 2023)
- Sunset Solar Installation Cost: $9,868
- 25-Year Savings: $16,309
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sunset
Find out what the average cost of installing solar panels is in Sunset.
The average cost of a solar system in Sunset is 2.68 per watt. The average solar panel system size in Sunset is around 5.3 kilowatts, meaning a cost of about $9,868 for a solar installation, or $14,111 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary based on multiple factors, such as how many panels you need, your energy usage and what company you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Sunset can save around $19,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Sunset for a quote for your home.
Solar savings over time in Sunset
| Year | Return on Investment |
|---|---|
| 1 years | $-8,821 |
| 3 years | $-6,727 |
| 5 years | $-4,632 |
| 7 years | $-2,538 |
| 9 years | $-444 |
| 11 years | $1,650 |
| 13 years | $3,744 |
| 15 years | $5,838 |
| 17 years | $7,932 |
| 19 years | $10,026 |
| 21 years | $12,120 |
| 23 years | $14,215 |
| 25 years | $16,309 |
Top Solar Installers in Sunset
Installing solar panels yourself can be a challenging task, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for you.
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 (coming 2022)
See all of the solar companies in Sunset
Factors that Affect Solar Panel Costs in Sunset
The cost of installing a solar system in Sunset can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,680. The model of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid option because they reduce your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your total costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can impact how much it costs. Sunset's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — 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 want and also is within 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 | $18,137 | 9.8 years |
| 8 kW | $2.73 | $15,308 | $24,483 | 9.6 years |
| 10 kW | $2.68 | $18,760 | $30,979 | 9.4 years |
| 12 kW | $2.63 | $22,062 | $37,625 | 9.2 years |
| 14 kW | $2.57 | $25,213 | $44,421 | 9.1 years |
| 16 kW | $2.52 | $28,215 | $51,367 | 8.9 years |
| 18 kW | $2.47 | $31,067 | $58,463 | 8.7 years |
| 20 kW | $2.41 | $33,768 | $65,710 | 8.5 years |
How to Save on Solar Panels
There are many companies available in Sunset, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the project completion timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Sunset, UT Solar Cost FAQs
What is the average cost of installing solar panels in Sunset?
This is a hard question to answer exactly, because the cost depends on a few different 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from 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.
How will having solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sunset is currently $211,108, which means you can expect a value of about $8,655 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sunset is a fruitful investment.
How long do solar panels last in Sunset?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.