Cost of solar in Syracuse, UT
Electricity Consumption in Syracuse
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 Syracuse, Utah
RMP do offer some okay incentives for their solar customers, although their net metering plan is a bit below average, a state tax credit is available and if you're lucky a rebate. Under RMP's net metering customers are credited at the retail rate for power for their unused solar generation and after covering the cost of power drawn from the grid credit is given at the retail power rate and can be carried forward to be used on bills within the same 12 month cycle. Sadly if more power is exported than consumed at the end of the year no compensation is offered however just being able to wipe out your bill is nice. At the start of each year RMP does offer a $1,100 per kW rebate up to $4,400 however, only enough funding is provided to offer 125 $4,400 rebates so the program ends quick!
Utah does offer a 25% of the system cost tax credit up to $2,000. There is also the 30% federal solar tax credit at 30% regardless of system size. You may also spread this over several years. Do note that the federal solar tax credit covers 30% of the remaining cost after rebates and other tax credits. Incentives are excellent making solar a must have home investment in Syracuse.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Syracuse 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 Syracuse 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 Syracuse, 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 Syracuse, 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 10.26kW solar system in Syracuse, UT
This system would offset 100% of your energy usage if your typical monthly bill is $158, however your situation may vary so try our Syracuse solar calculator to get a result tailored to you.
$17,038
Net cost of system
Cash - after 26% solar tax credit
7 Years 8 Months
Average payback time
14,584
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 10.26kW system
Life-time savings on this system over the next 25 years
$59,738
(Prices shown after repayments of capital)
Solar companies in Syracuse, UT that provide pricing through the Solar-Estimate marketplace
60
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.