Solar Panel Cost Guide in Washington Terrace, UT (2023 Update)
- Washington Terrace Solar Installation Cost: $9,736
- 25-Year Savings: $16,440
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Washington Terrace
Find out how much it might cost to make the switch to solar in Washington Terrace.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Washington Terrace, the typical cost of a solar system is 2.68 per watt. Using this figure, a typical 5.2-kW system would cost about $9,736 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you want to go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $19,000 over 20 years on power bills.
Click the button below to get connected to a vetted solar panel company in Washington Terrace for a personalized quote.
Solar savings over time in Washington Terrace
| Year | Return on Investment |
|---|---|
| 1 years | $-8,689 |
| 3 years | $-6,595 |
| 5 years | $-4,501 |
| 7 years | $-2,407 |
| 9 years | $-313 |
| 11 years | $1,781 |
| 13 years | $3,875 |
| 15 years | $5,969 |
| 17 years | $8,064 |
| 19 years | $10,158 |
| 21 years | $12,252 |
| 23 years | $14,346 |
| 25 years | $16,440 |
Top Solar Installers in Washington Terrace
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
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 Washington Terrace
Factors that Affect Solar Panel Costs in Washington Terrace
Although the average cost of a solar system in Washington Terrace is $9,736, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Washington Terrace, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $2,680 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Washington Terrace to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Washington Terrace, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — 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 find a 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 | $18,583 | 9.7 years |
| 8 kW | $2.73 | $15,308 | $25,078 | 9.5 years |
| 10 kW | $2.68 | $18,760 | $31,722 | 9.3 years |
| 12 kW | $2.63 | $22,062 | $38,517 | 9.1 years |
| 14 kW | $2.57 | $25,213 | $45,461 | 8.9 years |
| 16 kW | $2.52 | $28,215 | $52,556 | 8.7 years |
| 18 kW | $2.47 | $31,067 | $59,801 | 8.5 years |
| 20 kW | $2.41 | $33,768 | $67,196 | 8.4 years |
How to Save on Solar Panels
The company that does your solar 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 challenge, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Washington Terrace, UT Solar Cost FAQs
How much does it cost to install solar panels in Washington Terrace?
This is a tough question to answer precisely, 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Washington Terrace?
You can't get solar panels for free in Washington Terrace. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Washington Terrace have a net metering program?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
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 how much energy they produce will have decreased significantly after that point. You can choose 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.