Solar Panel Cost Guide in West Valley City, UT (Aug 2022)
- West Valley City Solar Installation Cost: $10,392
- 25-Year Savings: $15,152
- Payback Period: 10.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated 7/19/2022
Why you can trust EcoWatch
Average Cost of Solar Panels in West Valley City
Let's take a look at the average cost of solar in West Valley City.
While the national average of solar panels is $2.66 per watt, solar panels in West Valley City generally cost about $3. Using this figure, a typical 5.2 would cost about $10,392 before the federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more. Many homeowners find going solar is a fruitful investment. The average homeowner in West Valley City can save around $19,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in West Valley City for a quote for your home.
Solar savings over time in West Valley City
| Year | Return on Investment |
|---|---|
| 1 years | $-9,370 |
| 3 years | $-7,327 |
| 5 years | $-5,283 |
| 7 years | $-3,240 |
| 9 years | $-1,196 |
| 11 years | $847 |
| 13 years | $2,891 |
| 15 years | $4,934 |
| 17 years | $6,978 |
| 19 years | $9,021 |
| 21 years | $11,065 |
| 23 years | $13,109 |
| 25 years | $15,152 |
Top Solar Installers in West Valley City
Many homeowners decide to hire a solar panel company since trying to install solar panels by yourself can be time-consuming. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money over time.
If you'd like to go solar but still aren't certain which solar panel company to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
See all of the solar companies in West Valley City
Factors that Affect Solar Panel Costs in West Valley City
There are several criteria that can determine your solar system 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 Size
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,680 per kilowatt in West Valley City. The kind of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in West Valley City to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. However, the interest on solar loans also increase your overall costs, so it's important to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in West Valley City, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $12,375 | $16,867 | 10.6 years |
| 8 kW | $2.73 | $16,183 | $22,807 | 10.4 years |
| 10 kW | $2.68 | $19,832 | $28,906 | 10.2 years |
| 12 kW | $2.63 | $23,322 | $35,163 | 10.0 years |
| 14 kW | $2.57 | $26,654 | $41,578 | 9.8 years |
| 16 kW | $2.52 | $29,827 | $48,153 | 9.6 years |
| 18 kW | $2.47 | $32,842 | $54,886 | 9.4 years |
| 20 kW | $2.41 | $35,698 | $61,777 | 9.2 years |
Solar Incentives in West Valley City
| Name | Renewable Energy Systems Tax Credit (Corporate) |
| Incentive Amount | Commercial wind, geothermal electric, and biomass systems 660 kW or greater, and solar PV systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years Other commercial technologies and commercial wind, geothermal electric, solar PV, and biomass systems smaller than 600 kW: 10% of installed cost Photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost |
| Incentive Max | Residential: $2,000 Commercial Production Tax Credit: No limit Commercial Investment Tax Credit: $50,000 |
| Website | Visit here |
| More Info | Click here |
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit here |
| Name | Renewable Energy Systems Tax Credit (Personal) |
| Incentive Amount | Residential: 25% Commercial wind, geothermal electric, and biomass systems 660 kW or greater 0.35¢/kWh ($0.0035/kWh) for 4 years Other commercial technologies and commercial wind, geothermal electric, and biomass systems smaller than 660 kW: 10% of installed cost Solar photovoltaic systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years Solar photovoltaic systems smaller than 660 kW: 10% of installed costSolar photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost |
| Incentive Max | Residential: $2,000 (phases down for PV systems beginning in 2018) Commercial Production Tax Credit: No limit Commercial Investment Tax Credit: $50,000 |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
There are a lot of companies available in West Valley City, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Contract: Review the contract terms carefully to make sure you understand the total cost, project completion timeline incentives and warranties.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's West Valley City, UT Solar Cost FAQs
How much does it cost to install solar panels in West Valley City?
This is a hard question to answer exactly, because the cost depends on many 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 usage. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in West Valley City?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home 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 financial benefits from going solar.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in West Valley City is currently $232,985, which means you can expect about a value of about $9,552 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in West Valley City is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.
