Solar Panel Cost Guide in West Point, UT (2023 Update)
- West Point Solar Installation Cost: $9,868
- 25-Year Savings: $16,309
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in West Point
We break down average solar pricing in West Point.
The national average cost of solar panels is $2.66 per watt, but in West Point it's 2.68 per watt. Because a 5.3-kW system is needed to cover the energy costs of a typical home in West Point, the average price of going solar will be about $9,868 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what installation company you go with. For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in West Point
| Year | Return on Investment |
|---|---|
| 1 years | $-8,821 |
| 3 years | $-6,727 |
| 5 years | $-4,632 |
| 7 years | $-2,538 |
| 9 years | $-444 |
| 11 years | $1,650 |
| 13 years | $3,744 |
| 15 years | $5,838 |
| 17 years | $7,932 |
| 19 years | $10,026 |
| 21 years | $12,120 |
| 23 years | $14,215 |
| 25 years | $16,309 |
Top Solar Installers in West Point
When making the switch to solar, many homeowners prefer to use a solar installer since putting up solar panels yourself can be a challenging project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in West Point:
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 Point
Factors that Affect Solar Panel Costs in West Point
The cost of installing a solar system in West Point can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in West Point, 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 power bills. Your overall cost can increase by about $2,680 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the West Point average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many West Point homeowners opt to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installer you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $18,137 | 9.8 years |
| 8 kW | $2.73 | $15,308 | $24,483 | 9.6 years |
| 10 kW | $2.68 | $18,760 | $30,979 | 9.4 years |
| 12 kW | $2.63 | $22,062 | $37,625 | 9.2 years |
| 14 kW | $2.57 | $25,213 | $44,421 | 9.1 years |
| 16 kW | $2.52 | $28,215 | $51,367 | 8.9 years |
| 18 kW | $2.47 | $31,067 | $58,463 | 8.7 years |
| 20 kW | $2.41 | $33,768 | $65,710 | 8.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's West Point, UT Solar Cost FAQs
How much does it cost to install solar panels in West Point?
This is a hard question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in West Point?
Solar panels aren't free in West Point, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in West Point?
On average, solar panels can last 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 larger level 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.