Solar Panel Cost Guide in West Bountiful, UT (2023 Update)
- West Bountiful Solar Installation Cost: $9,873
- 25-Year Savings: $14,792
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in West Bountiful
Find out what the average cost of solar panels are in West Bountiful.
The average cost of a solar system in West Bountiful is 2.68 per watt. To cover the typical energy needs of the average home in West Bountiful, most homeowners require a 5.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,868, or $14,111 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average West Bountiful homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $18,000 on power bills over 20 years, many homeowners in West Bountiful find going solar has a decent ROI.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in West Bountiful
| Year | Return on Investment |
|---|---|
| 1 years | $-9,791 |
| 3 years | $-9,626 |
| 5 years | $-9,462 |
| 7 years | $-9,297 |
| 9 years | $-9,133 |
| 11 years | $-8,969 |
| 13 years | $-8,804 |
| 15 years | $-8,640 |
| 17 years | $-8,475 |
| 19 years | $-8,311 |
| 21 years | $-8,147 |
| 23 years | $-7,982 |
| 25 years | $-7,818 |
Top Solar Installers in West Bountiful
Although you can install solar panels on your own, it takes extra effort and know-how. For that reason, most homeowners choose to hire a solar panel installer. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar company in West Bountiful, the EcoWatch team has organized a list of our top suggestions here:
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 West Bountiful
Factors that Affect Solar Panel Costs in West Bountiful
There are several factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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. Also, if you want add-ons 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 West Bountiful to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating throughout West Bountiful, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $16,413 | 10.4 years |
| 8 kW | $2.73 | $15,308 | $22,184 | 10.2 years |
| 10 kW | $2.68 | $18,760 | $28,106 | 10.0 years |
| 12 kW | $2.63 | $22,062 | $34,177 | 9.8 years |
| 14 kW | $2.57 | $25,213 | $40,399 | 9.6 years |
| 16 kW | $2.52 | $28,215 | $46,770 | 9.4 years |
| 18 kW | $2.47 | $31,067 | $53,292 | 9.2 years |
| 20 kW | $2.41 | $33,768 | $59,964 | 9.0 years |
How to Save on Solar Panels
There are a lot of companies available in West Bountiful, 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:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which installer you should opt for, since different companies have different panels.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's West Bountiful, UT Solar Cost FAQs
How much does it cost to install solar panels in West Bountiful?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in West Bountiful?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How much can I save on electricity 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 $937.32 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.