Solar Panels Cost 4.5k-13k in Hyde Park, UT | October, 2024

Solar Panels Cost $4.5k-$13k in Hyde Park, UT | October, 2024

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How much do solar panels cost in Hyde Park, UT in 2024?

Going solar costs, on average, $3.22 per watt in the month of October, 2024 in Hyde Park, UT.

It will cost you $3,220, on average, for every 1000 watts (1 kW) of capacity that your solar panels have. After receiving the 30% federal tax credit, you can expect to spend around $11,270, in Hyde Park, for a 5 kW panel install. It's important to realize that a bigger system might be needed to cover your energy consumption.

On the left-hand side, pick your county to access information on the average roof size and the average maximum capacity for solar panel systems on homes within your area. Displayed below is a summary of the price, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Hyde Park: $11,270US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Hyde Park: 11 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Hyde Park: $4,247US Average: $15,784

Solar Potential in Hyde Park

Estimated system size and solar electricity production per median viable roof in
Hyde Park.

Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 15.1kkWh AC per yr.

Electricity Costs in Hyde Park, UT & What that Means for Your Solar Panel Pricing

For Hyde Park energy consumers, the standard monthly kWh usage is 750, with an average electric bill of $84.78. Be mindful that this figure includes data from apartments and other smaller homes with reduced energy consumption.

The electricity rate per kWh in Hyde Park, UT for October 2024 averages 11.3¢.

If you’re an average energy user in Hyde Park you must have a 6 kW or larger sized system to cover your entire energy demands. Currently, a 6 kW solar panel installation will cost you roughly $19,320at first, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $13,524.

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Average solar panel costs by system size in Hyde Park

To the left side and below, there is the cost summary for multiple sizes of solar panel systems set up in Hyde Park. As expected, with a bigger solar system, there will be a higher upfront cost, but the benefits include more electricity savings and greater income tax credits.

Using the solar panel cost calculator situated down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $84.78 in Hyde Park. Swap the $84.78 with your average electricity bill to get more accurate results.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $364 a year
Est. Price
$4,508
Savings from a 2kWthis system
  • Est. yearly production 3,306 kWh
  • Est. monthly savings $30
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.17 tons a year
  • Equivalent to planting 100 trees a year
  • Equivalent to driving 5,369 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $546 a year
Est. Price
$6,762
Savings from a 3kWthis system
  • Est. yearly production 4,959 kWh
  • Est. monthly savings $45
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.25 tons a year
  • Equivalent to planting 149 trees a year
  • Equivalent to driving 8,054 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $727 a year
Est. Price
$9,016
Savings from a 4kWthis system
  • Est. yearly production 6,612 kWh
  • Est. monthly savings $61
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.34 tons a year
  • Equivalent to planting 199 trees a year
  • Equivalent to driving 10,739 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $909 a year
Est. Price
$11,270
Savings from a 5kWthis system
  • Est. yearly production 8,265 kWh
  • Est. monthly savings $76
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 5.42 tons a year
  • Equivalent to planting 249 trees a year
  • Equivalent to driving 13,424 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,091 a year
Est. Price
$13,524
Savings from a 6kWthis system
  • Est. yearly production 9,918 kWh
  • Est. monthly savings $85
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 6.08 tons a year
  • Equivalent to planting 279 trees a year
  • Equivalent to driving 15,060 mi less a year

Hyde Park Solar Panel Installation Incentives & Rebates | 2024

If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your photovoltaic or wind turbine project. If you think you might be in this category, we suggest checking your qualification with our REAP Grant eligibility tool.

For those considering residential solar options, a 30% federal income tax credit is broadly available, increasing the appeal and practicality of solar energy in various areas in the nation. Together with federal efforts, state and local programs help to support the use of solar power.

A total of 13 solar incentive and rebate initiatives are available in Utah from different utilities and government bodies.

Solar incentives in UT

Renewable Energy Systems Tax Credit (Corporate)

Value:Up to $2,000

The City of Brenham, in September 2010 passed an ordinance that instituted net metering and interconnection procedures. Customers are eligible for these procedures if they have generators up to 10 megawatts (MW). Homeowners with generators systems of 20 kilowatts (kW) or less are eligible for a separate rider and expedited interconnection. It’s the responsibility of the utility company to install and maintain a meter capable of measuring the flow of electricity in both directions. Every month, net excess generation (NEG) is credited at the utility’s voided cost rate. Customers must supply all the required equipment to meet safety, power quality, and interconnection standards as outlined by the National Electric Code (NEC), the National Electrical Safety Code, the Institute of Electrical and Electronics Engineers (IEEE), Underwriters Laboratories (UL), and any other applicable local, state, or federal agencies.

Dominion Energy - Commercial Energy Efficiency Rebate Program

Value:Up to $75

San Antonio’s municipal utility, CPS Energy, will provide rebates to its customers who install solar photovoltaic (PV) systems on their homes, schools, or businesses. In the case of a third-party-owned system (i.e. PV systems that are leased), the homeowner is not eligible for rebates under this program. To qualify for the rebate, you must be a CPS Energy customer with at least one kilowatt (kW)-AC. Rebates are capped at $25,000 per residential account and $80,000 per commercial account in a given year. Rebate recipients must sign an agreement granting all renewable energy credits (RECs) produced by the system to CPS Energy.

Renewable Energy Systems Tax Credit (Personal)

Value:Up to $2,000

On the statewide level, Texas lacks a net metering system as the term is conventionally apprehended. Retail electricity providers may, but are not required to, compensate their customers for electricity attained from renewable energy generation systems exported to the grid. Green Mountain Energy Company is one company that purchases electricity under its Renewable Rewards product. To earn this benefit, the customer must enter into an interconnection agreement with the retail supplier. The electricity market in Texas remains largely deregulated to include the large metro areas of Houston, Dallas, Fort Worth, and Arlington.

Dominion Energy - Residential Energy Efficiency Rebate Programs

Value:Varies

Small, medium, and large commercial customers are all eligible for rebates from Austin Energy after installing install photovoltaic systems. Incentives are granted after installation and per kilowatt. The rate of the rebate can range anywhere from $0.02-$0.08/kWh. The latest specifics of this program, including updates to the program’s rebate and its rates, should be found on the program’s website or by contacting Austin Energy directly.

Solar Contractor Licensing

Value:Varies

Denton Municipal Electric (DME) had offered rebates on an ongoing basis; however, as of December 2020 funding for solar rebates has been exhausted with the program now suspended. Interested parties should continue to monitor the program, since it is expected that additional funding could be provided again in October 2021. The rebate is offered to DME electric customers for the installation of solar photovoltaic (PV) and solar water heating systems. The solar rebates are designed primarily for residential and small commercial customers to include existing improvements and new constructions.

Alternative Energy Development Incentive (Corporate)

Value:Varies

In 2003, the Dallas City Council signed a resolution into law requiring all newly planned municipal buildings in excess of 10,000 feet must conform to U.S. Green Building Council Leadership in Energy and Environmental Design (LEED) Silver Certification standards. This ordinance was subsequently updated to ensure newly constructed buildings comply with the 2006 bond program to LEED Gold Certification. In December 2005, the Jack Evans Police Headquarters was the first building to attain LEED Silver Certification. By 2015, Dallas had constructed 26 LEED-certified facilities.

Net Billing

Value:Varies

The TNMP SCORE/CitySmart program is designed to assist education and local government facilities identify opportunities to increase energy efficiency in their existing and newly-planned facilities. The program’s aim is to help government facilities discover financial incentives to aid in implementing their energy-efficient projects. Funded by TNMP, SCORE/CitySmart program is available at no cost to its participants. Similarly, Commercial Solutions, also funded by TNMP, helps commercial enterprises other than schools and governments find a diversity of solutions to their high energy costs. This program is similarly free to those who are eligible and choose to participate.

Alternative Energy Manufacturing Tax Credit

Value:Varies

Height limitations exemptions for solar installations are found in Zoning Code (Chapter 25-2) of the Austin City Code. Solar installations, in some cases, may exceed the maximum zoning district height by 15% or the amount necessary to remain in compliance with either federal or state regulation, whichever is greater. This element of the Zoning Code also provides for preservation plans in designated historical districts to incorporate energy-efficient upgrades to the home’s energy generation and delivery systems.

Alternative Energy Development Incentive (Personal)

Value:Varies

Under Texas statutes, if it becomes necessary for a utility to construct a line extension for its customer and requires of the customer a pre-payment charge, a Contribution in Aid to Construction (CIAC), or a signed commitment to one-year contract term or greater, the utility must supply the customer with information about on-site renewable energy and distributed generation (DG) technology as an alternative. This must necessarily be provided at the time of any pre-payment or estimate on the part of the CIAC. Furthermore, this material provided must adhere to the guideline as set forth by the Public Utilities Commission of Texas (PUCT), and the information has to be supplied before any contract of a year or longer is signed.

Local Option - Industrial Facilities and Development Bonds

Value:Varies

Texas companies that solely and exclusively manufacture, sell, or install solar or wind-based energy devices are exempt from the franchise tax. The franchise tax is equal to a corporate tax, if not one and the same. This exemption is without ceiling and is meant to substantially incentivize solar and wind business in the state of Texas. A solar energy device, for the purposes of this exemption, means a system or connected series of mechanisms engineered to provide heating, cooling, or electrical power through the collection and transference of solar-generated energy. Wind energy is also eligible under this same definition.

Dominion Energy - Residential Solar Assisted Water Heating Rebate Program

Value:Varies

Commercial multifamily owners of five or more are eligible for rebate incentives on their multifamily properties through Austin Energy. The rebates are meant to assist Austin Energy customers who own dwellings of five or more units with the installation of solar PV systems. A qualifying energy system must have at least 2kW (AC) per unit. Or, alternately, the system unit must be estimated to produce 50% of annual electric consumption. The precise and most up-to-date details of this program can be obtained by contacting Austin Energy directly or by visiting the program website.

Utah Commercial PACE financing program

Value:Varies

In July of 2021, Austin, Texas, was awarded 6th place on the EPA Green Power Top 30 Local Government list. Austin sets itself apart on this list as the largest U.S. city to have each of its city-owned buildings and facilities powered by renewable energy resources. That’s to say that 100% of all municipal buildings have drawn their energy from renewable power sources since 2011. Austin City Council passed Resolution 20140410-024 into law, establishing a time frame for net-zero emissions for its city facilities by 2050 or earlier. The renewable power is sourced, through Austin Energy, the seventh-largest municipal utility in the US, from six utility-scale solar farms from across Texas.

Dominion Energy - Home Builder Gas Appliance Rebate Program

Value:Varies

The Municipality of San Marcos provides a Distributed Generation Rebate Program for the costs associated with installing grid-tied renewable energy systems. To qualify for the Distributed Generation Rebate Program you must be a San Marcos Electric Utility (SMEU) customer in addition to being pre-approved by this utility. Single-family dwellings are required to meet certain energy requirements as specified by the utility. All systems must be installed to professional specifications. More specific details are supplied on the program website.

Are solar panels worth it in Utah?

If you plan to own your residence longer than the solar system's payback period, solar panels are a wise investment in Hyde Park. Installing a 5 kW solar system in Hyde Park, UT will, on average, save you $9,077.2 over 20 years, and you can expect to break even in about 11 years.

The cost of not having solar panels in Hyde Park, UT

Not installing solar panels or any other backup energy system leads to missing the earlier mentioned savings and full dependence on your electric utility for electricity. As recent examples in the news have shown, total dependence on your utility provider isn't always the best idea.

In recent years, utilities in Hyde Park have had an average of 1.05 outages per customer annually. Usually, outages have an average duration of 106.74 minutes. However, during critical events like hurricanes, aging infrastructure, or wildlife damage, these times can extend dramatically.

Regardless of whether featuring a backup battery or not, a solar panel system can alleviate the strain of possible future outages.

Power Outages

Currently, 0 customers are being tracked in Cache County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Hyde Park, UT?

Your Energy Needs - Larger solar panel systems have a larger initial cost, yet the average cost per watt falls as the system size expands. Most consumers see the benefit in installing a solar setup that can produce enough power to replace their entire electric bill, ensuring significant savings.

Make & Model - Solar panels and mounting equipment, like many other products, are available in a variety of makes and models. Given the certain system preferences an contractor might have, choosing a reputable contractor is crucial. The utilization of better equipment is likely to yield a more satisfactory long-term experience for buyers.

Solar Panel Type - It's no surprise that monocrystalline panels are now the standard in the industry. These panels cost more but produce more energy. Most installers in the industry work with panels crafted from this material.

Your Property - No two properties or homes are identical. Trees, rough terrain, or other challenges can increase the difficulty of the installation. Nowadays, the majority of solar installers can evaluate your home with satellite images and include these factors in the preliminary cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these expenses are passed on to the consumers. Companies often get higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which change by area. Reputable local installers will integrate these numbers into your initial quotes to prevent any surprises.

See what solar panels cost in other UT cities

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Who are the best solar installers in Hyde Park?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Douglass Colony Group

Commerce City, CO(877) 288-0650

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.

IonSOLAR

Provo, UT(888) 781-7074

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Spring Solar

Bluffdale, UT(801) 520-0955

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Hunt Electric

Salt Lake City, UT(801) 975-8844

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Summit Energy Group

Weymouth Town, MA(888) 578-6648

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Gardner Energy

West Haven, UT(801) 689-2618

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Creative Energies

Salt Lake City, UT(801) 487-6489

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Bright Skies

Pleasant Grove, UT(608) 293-1163

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of batteries.

Fluent Solar

Lindon, UT(866) 736-1253

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Knight Electric

Ogden, UT(801) 782-8219

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.

Hyde Park, UT Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Hyde Park, UT has reached $3.22/W. Post federal tax credit, a 5 kW solar panel system installation in Hyde Park, UT will roughly cost $11,270.
  • Utah offers 13 different rebates and incentives from a range of utilities and government organizations. Furthermore, the majority of people qualify for the 30% federal tax credit.
  • Paying cash provides the most savings, yet there are several financing options available today for solar panels that are also financially sensible. Financing details are often provided by installers and may be included in your initial quotes.
  • Yes, solar panels systems of 5 kW in Hyde Park, UT typically have a payback period of 11years, with expected savings on electricity costs of $9,077.2 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01