![]() for solar energy, so there are plenty of solar companies to choose from. Learn more about solar financing options in Utah here. Solar installers, some banks and credit unions offer solar-specific loans as well.Īdmiral’s Bank, GoldenWest Credit Union and LRB Financial are some participating institutions in Utah that offer solar loans. Here’s what Utah can offer when it comes to financing the rest of your system.įor homeowners with a good credit score, you may qualify for a home equity line of credit (HELOC) to secure a low interest rate for a solar loan. Utah residents enjoy solar incentives like the federal solar tax credit and Utah’s renewable energy system tax credit. If your area receives an abundance of snow and ice, we recommend that you opt for a panel with high snow load ratings and a comprehensive warranty that will cover any weather-related damage. However, excessive snow or extreme weather conditions can put your panels at risk of damage. In fact, some snow or rain can actually help brush off debris, making your panels more efficient. Utah does receive snow, and some snow on your solar panels isn’t a problem. The number of panels that can fit on your roof is an often overlooked factor in choosing the right equipment. Remember that if your roof space is limited, you may still have to opt for more expensive, high-efficiency solar panels. This can help keep average prices lower than less sunny states. This means that most residents can generate the energy they require with an older model of solar panel, rather than splurging on the latest and greatest solar technology. An abundance of sunny, clear days in the Utah summer offers great conditions for solar panels. The location and climate of where you live largely influence the solar equipment you should choose. ![]() Other incentives and net metering programs available in Utah can also help pay off a large portion of your system. Utah residents are also eligible for the federal solar tax credit and Utah’s 2001 Renewable Energy Systems Tax Credit (RESTC), which can drastically reduce the cost of your solar panels. The solar equipment, financing option and installation company you select will all determine the cost of your solar panel system in Utah. See also: Find out how much solar power your roof can produce with our solar calculator What Determines the Cost of Solar Panels in Utah? These can prove to be key indicators of whether solar panels are worth it for your home. We recommend getting several free quotes before selecting the best solar company for your project.Ĭonsulting installers near you not only gets you a more accurate price range, but also several other important numbers such as your projected solar payback period, your net return on investment and more. The best way to get the correct pricing for your home is to contact nearby installers. While the numbers in the table are reliable, they are based on the average cost per watt and hence only indicate approximate system prices. For pricing of solar power systems between the 5 kW to 10 kW (which are the most common system sizes for residential installations), take a look at the chart below. Based on market research and data from top solar brands, we’ve found the average cost of solar panels in Utah to be $2.68 per watt, while the national average stands at $2.66.Īt $2.68 per watt, a typical 8-kilowatt (kW) system would cost $15,008 after the federal solar tax credit is applied. The good news for residents of Utah is that the cost of solar panels in the state is on par with the national average. ![]() VIEW MORE How Much Do Solar Panels Cost in Utah?
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