Solar Panel Cost Guide in Tremonton, UT (2023 Update)
- Tremonton Solar Installation Cost: $10,299
- 25-Year Savings: $15,877
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Tremonton
Let's have a look at the average cost of solar panels in Tremonton.
Although the national average of solar panels is $2.66 per watt, solar panels in Tremonton typically cost about 2.68. To cover the typical energy needs of the average home in Tremonton, most homeowners require a 5.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $10,299, or $14,728 before the federal solar tax credit of 30% is applied.
The true price you pay can go higher or lower than the average in Tremonton based on several factors, such as the brand of solar panels you choose and the solar company you hire. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Tremonton can save around $18,000 on their energy bills over 20 years.
To get a free quote from a highly rated solar installer in Tremonton, you can click the button below.
Solar savings over time in Tremonton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,252 |
| 3 years | $-7,158 |
| 5 years | $-5,064 |
| 7 years | $-2,970 |
| 9 years | $-876 |
| 11 years | $1,218 |
| 13 years | $3,313 |
| 15 years | $5,407 |
| 17 years | $7,501 |
| 19 years | $9,595 |
| 21 years | $11,689 |
| 23 years | $13,783 |
| 25 years | $15,877 |
Top Solar Installers in Tremonton
Many homeowners decide to use a solar panel installer since trying to put up solar panels by yourself can be a labor-intensive endeavor. The expertise that solar companies offer can be helpful as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Tremonton
Factors that Affect Solar Panel Costs in Tremonton
The cost of installing a solar system in Tremonton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,680 per kilowatt in Tremonton. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Tremonton, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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
Many homeowners find the average cost of solar in Tremonton to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. While solar loans make going solar more accessible for Tremonton homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can influence how much you pay. Tremonton's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $16,879 | 10.2 years |
| 8 kW | $2.73 | $15,308 | $22,806 | 10.0 years |
| 10 kW | $2.68 | $18,760 | $28,883 | 9.8 years |
| 12 kW | $2.63 | $22,062 | $35,110 | 9.6 years |
| 14 kW | $2.57 | $25,213 | $41,487 | 9.5 years |
| 16 kW | $2.52 | $28,215 | $48,014 | 9.3 years |
| 18 kW | $2.47 | $31,067 | $54,691 | 9.1 years |
| 20 kW | $2.41 | $33,768 | $61,518 | 8.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which installer you should go with, since different companies provide different panels.
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide high-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 Tremonton, UT Solar Cost FAQs
How much does it cost to install solar panels in Tremonton?
The average cost of solar panels in Tremonton 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Tremonton?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside 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 get the most savings.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $952.86 per year.
How long do solar panels last in Tremonton?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.