Solar power in American Fork, Utah
Rocky Mountain Power provide net metering to their American Fork solar customers.
In Utah, 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 part of the system cost as a federal tax deduction; this is known as the federal tax credit. 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!
Net Metering Broken Down
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.
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.
(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 American Fork 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 Springville, Lehi City Corporation, PacifiCorp, Payson City Corporation, Provo City Corporation, Salem City Corporation, Spanish Fork City Corporation, Strawberry Electric Serv Dist
How much can solar panels save you in American Fork
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
7 Years 7 Months
Average payback time
13,661 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
23¢/kWh
If you don't get solar
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)
69
Solar companies in American Fork, UT that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in American Fork
| 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 |
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 Renewable 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.
