Solar power in Bountiful, Utah
The city of Bountiful offers a feed-in tariff to their solar customers with 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-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 part of the remaining costs as a deduction to federal taxes. The federal solar tax credit has no size limit and can be used over several years.
Incentives like these are excellent and should not be taken for granted.
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.
(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 Bountiful 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 Bountiful, Kaysville City Corporation, PacifiCorp
How much can solar panels save you in Bountiful
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
7 Years 9 Months
Average payback time
18,092 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 12.73kW system
Life-time savings on this system over the next 25 years
$73,689
(Prices shown after repayments of capital)
59
Solar companies in Bountiful, UT that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Bountiful
| 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.
