Solar Panel Cost Guide in Tooele, UT (2024 Update)
- Tooele 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 Tooele
Find out how much it might cost to install solar panels in Tooele.
While the national average of solar panels is $2.66 per watt, solar panels in Tooele generally cost about 3.To cover the typical energy needs of the average home in Tooele, most homeowners require a 5.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,472, or $17,835 before the federal solar tax credit of 0 is applied.
The actual price you pay can be above or below the average in Tooele based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Tooele can save about $18,000 on their energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Tooele
| 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 Tooele
When going solar, many homeowners choose to hire a solar installer since putting up solar panels yourself can be a time-consuming project. Companies can also have access to a large variety of the best solar panels and help you choose which one will be best for your home.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Tooele
Factors that Affect Solar Panel Costs in Tooele
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Tooele: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, 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 around $3,290. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect 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 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 Tooele, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your overall costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the completion timeline.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Tooele, UT Solar Cost FAQs
What is the average cost of installing solar panels in Tooele?
This is a tough question to answer exactly, 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 other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Tooele?
Leasing solar panels can be an attractive choice, because it often 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $966.73 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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 after having 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.