Cost of solar panels utah

How much do solar panels cost in Utah?

The average Utah homeowner needs a 10.25 kW solar panel system to cover their electricity needs, which comes out to $28,313 before incentives. Prices range from $24,066 to $32,560, but after the federal tax credit, that drops by 30%. Over 8,100 Utah homeowners have used EnergySage to receive and compare quotes for solar installations.

Are solar panels tax deductible in Utah?

Utah residents can significantly reduce the cost of their solar panels through the federal solar tax credit and Utah’s 2001 Renewable Energy Systems Tax Credit (RESTC). Other incentives and net metering programs available in Utah can also help pay off a large portion of your system.

How much does a 5 kW solar system cost in Utah?

In Utah, a 5 kW solar system costs approximately $13,617. Keep in mind that the cost for a 10 kW system would be around twice that amount, $27,234.

Is Utah a good place to install solar panels?

With an above-average number of sunny days, relatively low average installation prices and federal and local incentives, Utah ranks 14th among U.S. states in solar energy, producing about 19%% of its power from the sun. However, finding the right company for your Utah solar panel installation can be challenging.

How can I minimize the cost of solar in Utah?

You can minimize the cost of solar in Utah by taking advantage of incentives and rebates and shopping around for quotes. As long as your federal tax bill is high enough, you can apply 30% of your solar installation and equipment costs toward your federal tax bill through the federal tax credit in Utah.

How much do solar panels cost?

This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt. The size of a solar panel system also plays a role in how much the installation will cost. Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’.