Cost of solar in American Fork, UT
Electricity Consumption in American Fork
Electricity Consumption by Utah residents averages 793 kWh per month. It ranks #14 in the nation for savings from installing solar panels on the home.
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Solar power in American Fork, Utah
Rocky Mountain Power provide net metering to their American Fork solar customers. Net metering credits each kWh exported to the grid at the same value as another drawn from the grid. With solar producing the most during the day when people are usually out of the house net metering makes paying off your electric bill easy. Sadly you can only carry over credit to reduce bills within the same 12 month billing cycle, any credit left at the end of the 12 months expires without compensation.
25% of the system cost up to $2,000 may be claimed as a deduction to state taxes. After the state tax deduction you may also claim 30% of the system cost as a federal tax deduction. The federal solar tax credit has no size limit and can be spread over many years. With incentives this good solar is an easy choice, don't wait for them to expire!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for American Fork to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in American Fork and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in American Fork, Utah in 2020 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 American Fork, UT is $13,350. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 9.41kW solar system in American Fork, UT
This system would offset 100% of your energy usage if your typical monthly bill is $148, however your situation may vary so try our American Fork solar calculator to get a result tailored to you.
$15,807
Net cost of system
Cash - after 26% solar tax credit
7 Years 7 Months
Average payback time
13,661
kWh
Annual power production
5¢
/kWh
levilized cost of solar energy
23¢
/kWh
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 9.41kW system
Life-time savings on this system over the next 25 years
$56,179
(Prices shown after repayments of capital)
Solar companies in American Fork, UT that provide pricing through the Solar-Estimate marketplace
69
Average total cost of solar panel installation in Utah
| System Size | Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,371 | $6,881 |
| 4kw | $8,288 | $8,951 |
| 5kw | $10,101 | $10,909 |
| 6kw | $11,855 | $12,803 |
| 7kw | $13,468 | $14,545 |
| 8kw | $14,978 | $16,176 |
| 9kw | $16,450 | $17,766 |
| 10kw | $17,760 | $19,181 |
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 Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Renewable Energy Systems State Tax Credit | State | Personal Tax Credit |
| Net Billing | State | Net Metering |
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.