Cost of solar in Bountiful, UT

Electricity Consumption in Bountiful

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 Bountiful, Utah

The city of bountiful offers a feed in tariff to their solar customers will simular returns to net metering. Energy exported to the grid is credited at different rates throughout the day only at 4pm - 12pm is solar credited at the retail rate of $0.0925 per kWh, 12am - 12pm is $0.04 per kWh and 12pm to 4pm is set at $0.06 per kWh, these rates are for residential systems. When more energy is exported than consumed credit can be applied to future bills.

Utah does offer a state tax credit of 25% up to $2,000. After claiming the state tax credit you may claim 30% of the remaining costs as a deduction to federal taxes. The federal solar tax credit has no size limit to receive the full 30% and can be used over several years. Incentives like these are excellent and should not be taken for granted.

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in Utah

The average cost of installing residential solar panels in Bountiful, Utah in 2018 is $3.44 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Bountiful, UT is $17,200. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 5.72kW solar system in Bountiful, UT

This system would offset 100% of your energy usage if your typical monthly bill is $88, however your situation may vary so try our solar calculator to get a result tailored to you.

$12,534

Net cost of system
Cash - after 30% solar tax credit

9 Years 8 Months

Average payback time

8,123
kWh

Annual power production


/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 5.72kW system

Life-time savings on this system over the next 25 years

$28,849

(Prices shown after repayments of capital)

 


 

Solar companies in Bountiful, UT that provide pricing through the Solar-Estimate marketplace

59

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Utah

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $7,938 $8,573
4kw $10,276 $11,098
5kw $12,460 $13,457
6kw $14,448 $15,604
7kw $16,317 $17,622
8kw $18,032 $19,475
9kw $19,593 $21,160
10kw $21,000 $22,680

 

Design your own solar panel system 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
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.