Cost of solar in Orem, UT

Electricity Consumption in Orem

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 Orem, Utah

RMP offers net metering to its solar customers despite being a little below average. Excess solar generation is sent to the grid and given 1 for 1 credit with power drawn at a later time meaning solar can easily wipe out your power bill. Credit can be used to offset bills in different months up to 1 year from being obtained. Where RMP falls short is if in a 12 month billing cycle more kWh's have been exported than drawn after compensating for your power bill this credit just expires, it's not given to you.

Where Orem shines bright is with its financial incentives. Each year Rocky Mountain Power offer a $1,100 per kW rebates up to $4,400 but funding only supports 125 $4,400 rebates but if you're quick enough this can be a huge discount to your system. Utah offers a state tax credit of 25% of the system cost up to $2,000 which is excellent since most states don't give any state tax incentives. After subtracting other tax credits and rebates then you can claim 30% of the remaining cost as a federal tax deduction over however many years you want. There is also no size limit to the 30% federal solar tax credit. Incentives in Orem still rank higher in comparison to most places and with RMP trying so hard to kill what remains of net metering don't mess around!

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 Orem, 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 Orem, 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 5.28kW solar system in Orem, UT

This system would offset 100% of your energy usage if your typical monthly bill is $83, however your situation may vary so try our solar calculator to get a result tailored to you.

$11,610

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

9 Years 6 Months

Average payback time

7,661
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 5.28kW system

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

$27,515

(Prices shown after repayments of capital)

 


 

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

69

 


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.