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.
Find local city information
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 for Bountiful 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 Bountiful 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 Bountiful, 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 Bountiful, 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 12.73kW solar system in Bountiful, UT
This system would offset 100% of your energy usage if your typical monthly bill is $196, however your situation may vary so try our Bountiful solar calculator to get a result tailored to you.
$21,424
Net cost of system
Cash - after 26% solar tax credit
7 Years 9 Months
Average payback time
18,092
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 12.73kW system
Life-time savings on this system over the next 25 years
$73,689
(Prices shown after repayments of capital)
Solar companies in Bountiful, UT that provide pricing through the Solar-Estimate marketplace
59
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.