Solar power in Pleasant Grove, Utah
Rocky Mountain Power offers a pretty average net metering plan to its solar customers - but it will still help homeowners wipe out their electric bills with solar.
There is a state tax credit for 25% of the system cost up to $2,000.
After deducting the state tax credit , you may claim part of the remaining cost as a deduction to federal taxes thanks to the solar tax credit. This incentive may be spread over several years, and covers all system sizes.
Overall incentives are great in Pleasant Grove, and with RMP trying to reduce net metering even further don't wait another moment!
Net Metering Broken Down
Each kWh of unused solar generation sent to the grid offsets the cost of drawing a kWh at a later time eg. at night or on a cloudy day. RMP does let you use excess credit after covering your bill to offset the cost of future bills but they do not credit your account if at the end of the billing cycle you still have credit, it just disappears.
The average cost of installing residential solar panels in Pleasant Grove,
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 Pleasant Grove, 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 Pleasant Grove 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 Pleasant Grove
What does the cost of a real solar system look like?
Facts about installing a 11.07kW solar system in Pleasant Grove, UT
This system would offset 100% of your energy usage if your typical monthly bill is $174, however your situation may vary so try our Pleasant Grove solar calculator to get a result tailored to you.
$18,476
Net cost of system
7 Years 7 Months
Average payback time
16,061 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 11.07kW system
Life-time savings on this system over the next 25 years
$66,205
(Prices shown after repayments of capital)
69
Solar companies in Pleasant Grove, UT that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Pleasant Grove
| 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.
