Solar Panel Cost Guide in Taylorsville, UT (2023 Update)
- Taylorsville Solar Installation Cost: $9,832
- 25-Year Savings: $14,657
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Taylorsville
Here's how much it might cost to go solar in Taylorsville.
The average cost of solar panels in Taylorsville is 2.68 per watt. Using this figure, a typical 5.2-kW system would cost about $9,830 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely vary based on your energy needs and what company you want to go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Taylorsville can save about $18,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Taylorsville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Taylorsville
| Year | Return on Investment |
|---|---|
| 1 years | $-9,751 |
| 3 years | $-9,587 |
| 5 years | $-9,424 |
| 7 years | $-9,261 |
| 9 years | $-9,098 |
| 11 years | $-8,934 |
| 13 years | $-8,771 |
| 15 years | $-8,608 |
| 17 years | $-8,445 |
| 19 years | $-8,281 |
| 21 years | $-8,118 |
| 23 years | $-7,955 |
| 25 years | $-7,792 |
Top Solar Installers in Taylorsville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make your swap to solar power much easier. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
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 Taylorsville
Factors that Affect Solar Panel Costs in Taylorsville
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar system you need, 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 nearly $2,680. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Taylorsville to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. Even though solar loans make adopting solar energy more accessible for Taylorsville homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Taylorsville, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $16,329 | 10.4 years |
| 8 kW | $2.73 | $15,308 | $22,073 | 10.2 years |
| 10 kW | $2.68 | $18,760 | $27,966 | 10.0 years |
| 12 kW | $2.63 | $22,062 | $34,010 | 9.8 years |
| 14 kW | $2.57 | $25,213 | $40,203 | 9.6 years |
| 16 kW | $2.52 | $28,215 | $46,547 | 9.4 years |
| 18 kW | $2.47 | $31,067 | $53,040 | 9.2 years |
| 20 kW | $2.41 | $33,768 | $59,684 | 9.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in Taylorsville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which installer you should choose, since different companies provide different panels.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Taylorsville, UT Solar Cost FAQs
What is the average cost of installing solar panels in Taylorsville?
The average cost of solar panels in Taylorsville is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type 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?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Taylorsville have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
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 install 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.