Solar Panels Cost 2.6k-13k in Price, UT | October, 2024

Solar Panels Cost $2.6k-$13k in Price, UT | October, 2024

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How much do solar panels cost in Price, UT in 2024?

Having a solar system averages out to $3.85/W in Price, UT in October, 2024.

Said another way, solar panels will cost you $3,850 per 1 kW (or 1000 watts) of generation capacity. Subtracting the 30% federal tax credit, a 5 kW solar panel system in Price typically costs $13,475. Note that a more extensive system may be essential to fully meet your energy needs.

On the left-hand side, you can pick your county to see the average roof size and the maximum capacity for solar panels in residences in your area. Below, you can see a breakdown of the costs, payback period and 20 year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Price: $13,475US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Price: 16 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Price: $-2,220US Average: $15,784

Solar Potential in Price

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

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 14.5kkWh AC per yr.

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

Price's average monthly electric bill is $70.96, with consumers using an average of 599 kWh. Apartments and other smaller residences with reduced energy requirements are encompassed in this figure.

Price, UT's electricity rate is 11.86¢ per kWh in October 2024.

If you’re an average electricity consumer in Price, you will require a solar power system sized at 5 kW or larger to cover your electricity needs. At the moment, a 5 kW setup will set you back about $19,250initially, but thanks to the federal tax credit, you get a 30% reimbursement, bringing the cost down to $13,475.

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Average solar panel costs by system size in Price

Located below and to the left, there is the cost summary for multiple sizes of the solar panel systems set up in Price. A more extensive solar array will obviously cost more, but it will also provide higher electricity savings and higher income tax credits.

The solar panel calculator, positioned down and to the right, gives a detailed cost and benefit analysis based on a typical $70.96 electric bill for Price. By changing the $70.96 to your average electricity bill, you can get tailored results.

System Size 1kW
Roof Size Min. space required
72 ft²
Electricity Value Annual Production $198 a year
Est. Price
$2,695
Savings from a 1kWthis system
  • Est. yearly production 1,653 kWh
  • Est. monthly savings $17
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 1.42 tons a year
  • Equivalent to planting 65 trees a year
  • Equivalent to driving 3,506 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $397 a year
Est. Price
$5,390
Savings from a 2kWthis system
  • Est. yearly production 3,306 kWh
  • Est. monthly savings $33
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 2.83 tons a year
  • Equivalent to planting 130 trees a year
  • Equivalent to driving 7,013 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $595 a year
Est. Price
$8,085
Savings from a 3kWthis system
  • Est. yearly production 4,959 kWh
  • Est. monthly savings $50
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.25 tons a year
  • Equivalent to planting 195 trees a year
  • Equivalent to driving 10,519 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $793 a year
Est. Price
$10,780
Savings from a 4kWthis system
  • Est. yearly production 6,612 kWh
  • Est. monthly savings $66
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 5.67 tons a year
  • Equivalent to planting 260 trees a year
  • Equivalent to driving 14,025 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $992 a year
Est. Price
$13,475
Savings from a 5kWthis system
  • Est. yearly production 8,265 kWh
  • Est. monthly savings $71
  • Full payback in 16 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

Price Solar Panel Installation Incentives & Rebates | 2024

Rural farmers and small business owners could have between 80% and 100% of their solar energy or wind turbine installation expenses covered by the REAP Grant. Believe you might be eligible? Verify your qualification with our REAP Grant eligibility tool.

The federal government offers a 30% tax credit for residential solar systems, rendering solar practical and sensible for a variety of homeowners. On top of that, there are many state and local incentives to further encourage the adoption of solar energy.

Utah provides 13 solar rebates and incentives from different utility companies and government organizations.

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?

For homeowners in Price who expect to stay in their residence beyond the solar payback period, solar panels make an smart investment. Over a 20 year time frame, a 5 kW solar system in Price, UT could save you around $3,555.4, with the average break even time being 16 years.

The cost of not having solar panels in Price, UT

Without solar panels or another backup power source, you miss out on the previously noted savings and are fully dependent on your electric utility for electricity. Many recent news reports have highlighted that complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Price is 1.05. On average, the length of an outage is 106.74 minutes. Major events like overloaded power grids, winter storms or vandalism can cause these durations to rise considerably.

A solar energy system, regardless of whether it has a backup battery or not, could help relieve the pressure of future power outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Carbon County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Price, UT?

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt decreases as the system size increases. Homeowners often find that installing a solar system that can replace their electric bill is highly beneficial. This method results in maximum savings.

Make & Model - Like other industries, the solar energy sector includes a range of solar panel brands and designs. The preferences for brand that your contractor has may make it crucial to choose a reputable installer. Opting for superior quality models can yield a greatly enhanced long-term experience for the buyer.

Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. Although the cost is higher, they deliver more energy. Many installers use these types of panels.

Your Property - Challenges like trees, sloping terrain, or additional considerations can increase the difficulty of installing solar panels. Solar installers currently typically use satellite imagery to evaluate your home and incorporate these factors into the initial cost estimate.

Labor Rates - The costs connected to the varying wages paid by companies to their employees are transferred to the consumers. Companies frequently garner higher reviews for their work and customer service when they offer better wages.

Permitting & Interconnection - Your final installation cost will be impacted by local permitting and utility interconnection fees, which change by area. Good local installers will incorporate these figures into your preliminary estimates to prevent any surprises.

See what solar panels cost in other UT cities

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Who are the best solar installers in Price?

Freedom Forever

Temecula, CA(800) 685-1850

Services

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

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 batteries for energy storage.
  • Installation of solar arrays.

IonSOLAR

Provo, UT(888) 781-7074

Services

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

Spring Solar

Bluffdale, UT(801) 520-0955

Services

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

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

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

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

Bright Skies

Pleasant Grove, UT(608) 293-1163

Services

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

Fluent Solar

Lindon, UT(866) 736-1253

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

Knight Electric

Ogden, UT(801) 782-8219

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

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

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

Price, UT Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Price, UT is $3.85/W. Post federal tax credit, a 5 kW solar panel system installation in Price, UT will roughly cost $13,475.
  • Utah offers 13 different rebates and incentives from a range of utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
  • Cash payments offer the highest savings, yet several financing options now available for solar panels are financially beneficial as well. Installers will often include details on financing partners in the quotes they provide initially.
  • Yes, the average 5 kW solar panel payback period in Price, UT stands at 16 years, yielding average electricity savings of $3,555.4 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01