In August 2023, Utah residents enjoy some of the lowest electricity rates in the country, at less than 12 cents per kilowatt-hour. The state’s abundance of sunlight compared to other states also makes solar panels a viable option for many homeowners. The decision to go solar in Utah depends on your specific home and energy needs, as well as potential incentives available to help offset the cost.
One such incentive is the federal residential clean energy credit, which can reimburse up to 30% of the cost of installing a solar system. Utah’s net metering policy also allows you to receive credits by sending excess generated energy back to the grid, helping to reduce your electric bill.
When choosing a solar panel installation company in Utah, consider some of the best national and local options available. SunPower Solar is known for top-of-the-line panels, while Freedom Forever offers a variety of popular solar equipment and financing options. Tesla Solar provides more affordable options but may lack in customer service compared to other companies.
Local companies like Blue Raven Solar, Ion Solar, Mynt Solar, and Smart Wave Solar also offer quality installations and warranties for residential and commercial solar systems in Utah. Before deciding on a company, be sure to research their reputation, service offerings, and equipment to ensure the best fit for your needs.
The average cost of a typical solar panel system in Utah is around $19,740 before tax credits and incentives, with an average system size of 6 kW. Financing options such as cash purchases, solar loans, or leases can help make solar panels more affordable for homeowners. With the federal residential clean energy credit and other state incentives available, going solar in Utah can be a financially smart decision for many residents.
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