Solar Panel Cost Guide in Woods Cross, UT (2024 Update)
- Woods Cross Solar Installation Cost: $12,120
- 25-Year Savings: $14,792
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Woods Cross
Let’s take a look at the average cost of solar in Woods Cross.
The average cost of solar panels in Woods Cross is 3 per watt.To account for the typical energy usage of the average home in Woods Cross, most homeowners require a 5.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,120, or $17,332 before the federal solar tax credit of 0 is applied.
These figures are just averages, and how much solar costs for you may vary based on factors unique to your home and what company you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average Woods Cross homeowners see about $18,000 in savings on electricity bills over 20 years.
To get a free quote from a pre-vetted solar company in Woods Cross, you can click the button below.
Solar savings over time in Woods Cross
| Year | Return on Investment |
|---|---|
| 1 years | $-11,124 |
| 3 years | $-9,132 |
| 5 years | $-7,140 |
| 7 years | $-5,147 |
| 9 years | $-3,155 |
| 11 years | $-1,163 |
| 13 years | $829 |
| 15 years | $2,822 |
| 17 years | $4,814 |
| 19 years | $6,806 |
| 21 years | $8,798 |
| 23 years | $10,791 |
| 25 years | $12,783 |
Top Solar Installers in Woods Cross
When switching to solar energy, many homeowners opt to hire a solar installation company since putting up a solar system yourself can be a challenging project. The payback period of solar panels will vary depending on factors like your roof configuration and energy consumption, but going with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.
Working with a licensed 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
The cost of installing a solar system in Woods Cross can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Woods Cross, 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 energy bills. Your overall cost can increase by around $3,290 for each additional kilowatt you need.The type of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Woods Cross to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Woods Cross, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $3.42 | $14,371 | $13,749 | 12.8 years |
| 8 kW | $3.36 | $18,792 | $18,700 | 12.5 years |
| 10 kW | $3.29 | $23,030 | $23,836 | 12.3 years |
| 12 kW | $3.22 | $27,083 | $29,156 | 12.0 years |
| 14 kW | $3.16 | $30,952 | $34,660 | 11.8 years |
| 16 kW | $3.09 | $34,637 | $40,348 | 11.5 years |
| 18 kW | $3.03 | $38,138 | $46,221 | 11.3 years |
| 20 kW | $2.96 | $41,454 | $52,278 | 11.1 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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.
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
What is the average cost of installing solar panels in Woods Cross?
The average cost of solar panels in Woods Cross is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Woods Cross?
A solar panel system isn’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.
Is it worth going solar in Woods Cross?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
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 average daily 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 install between 20 and 35 panels to cover 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.