Solar Panel Cost Guide in Woods Cross, UT (2023 Update)
- Woods Cross Solar Installation Cost: $9,873
- 25-Year Savings: $14,792
- Payback Period: 10.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Woods Cross
Find out how much it might cost to install solar panels in Woods Cross.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Woods Cross, the average cost of a solar system is 2.68 per watt. Using this figure, a typical 5.3-kW system would cost about $9,868 before the 30% federal solar tax credit is applied.
The true price you pay can be above or below the average in Woods Cross based on several factors, such as the type of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a customized estimate.
Solar savings over time in Woods Cross
| 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 Woods Cross
When going solar, many homeowners opt to hire a solar installation company since installing 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 system component replacements.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Woods Cross
Factors that Affect Solar Panel Costs in Woods Cross
Even though the average cost of a solar system in Woods Cross is $9,868, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,680. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Woods Cross homeowners choose to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Woods Cross is the company you choose to install your PV system. As with choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services for different budgets. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 large number of companies to choose from in Woods Cross, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Woods Cross, UT Solar Cost FAQs
How much does it cost to install solar panels in Woods Cross?
The average cost of solar panels in Woods Cross 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Woods Cross?
Solar panels aren't free in Woods Cross, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Woods Cross, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
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 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.