Calculate how much it will cost to install solar panels for your home in Salt Lake City
Our estimates used by
Solar power in Salt Lake City, Utah
Rocky Mountain Power offers net metering, which makes it easy for Salt Lake residents to wipe out their electric bills with solar panels.
Utah currently offers a state tax credit of 25% up to $2,000.
And then there's the federal ITC, which reduces upfront costs by 26% in 2020.
With about 40% of upfront costs covered and net metering wiping out all or most of your power bill, there isn't a reason not to go solar in Salt Lake City. Incentives are only going to decline as your power bill increases.
Even if you aren't quite sure a free estimate by entering your billl spend and address into our solar calculator can help you work out where you stand.
Net Metering Broken Down
Rocky Mountain Power value every kWh of unused solar generation at retail value under their net metering program. When more energy is sent to the grid than consumed you will receive no bill and credit will be carried forward to future months at the same rate (remaining credit will expire at the end of the yearly billing cycle).
The average cost of installing residential solar panels in Salt Lake City,
Utah in 2024 is
$2.67 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Salt Lake City, UT
is $13,350.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Utah is only 793kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Salt Lake City solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Utah solar savings calculator can do this because it contains a database of the electric rates charged by City of Murray, PacifiCorp
How much can solar panels save you in Salt Lake City
What does the cost of a real solar system look like?
Facts about installing a 10.25kW solar system in Salt Lake City, UT
This system would offset 100% of your energy usage if your typical monthly bill is $142, however your situation may vary so try our Salt Lake City solar calculator to get a result tailored to you.
$16,100
Net cost of system
8 Years
Average payback time
14,564 kWh
Annual power production
4¢/kWh
Levelized cost of solar energy
21¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 10.25kW system
Life-time savings on this system over the next 25 years
$52,545
(Prices shown after repayments of capital)
83
Solar companies in Salt Lake City, UT that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Salt Lake City
| System Size |
Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $6,027 | $6,509 |
| 4kw | $7,840 | $8,467 |
| 5kw | $9,555 | $10,319 |
| 6kw | $11,214 | $12,111 |
| 7kw | $12,740 | $13,759 |
| 8kw | $14,168 | $15,301 |
| 9kw | $15,561 | $16,806 |
| 10kw | $16,800 | $18,144 |
Find out what system size you need for your home
Going solar in Utah
Check out all of the ways energy providers of Utah can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Clean Energy Tax Credit | Federal | Personal Tax Credit |
| Renewable Energy Systems State Tax Credit | State | Personal Tax Credit |
| Net Billing | State | Net Metering |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
