Utah Solar Information

Pros and Cons of Buying Solar Panels in Utah

Pros:

• +

  Relatively short payback period

  In the United States, the average solar payback period is about 8 years. You need to determine the gross price of the solar system and the annual advantages that come with solar to calculate the payback time. For many homeowners, lower prices of solar systems combined with the support from the local and federal government make payback period shorter. Typical solar payback time in Utah is around 11 years.
• +

  After the payback period, solar power is free

  You will begin earning money when you break-even on your solar panel installation. In addition to generating free energy, the solar energy system also offers you the chance to sell unused electricity, thus making a profit.
• +

  Great savings on a monthly electric bill

  Due to higher utility electricity rates, you will start benefiting financially by producing your own electricity once the solar energy system is installed. The larger the photovoltaic system you go with, the higher the savings could be. After installing solar panels, Utah residents may expect to save about $80-$90 per month on their electric bill.
• +

  Helping the environment since solar energy is clean, sustainable, and renewable.

  Solar power is an energy source that is renewable and clean. Unlike traditional fossil fuel, solar energy does not contaminate water and atmosphere, as it does not generate greenhouse gases, and will help significantly reduce global warming emissions. Solar energy is available to us all over the world and is unlimited, unlike very restricted carbon energy sources.
• +

  Support from the government and the state

  Solar panel installation prices continue to fall, reaching the most affordable prices in years. In addition, you can save thousands on the solar power system with the federal and state assistance in the form of the Federal Tax Credit, Utah Solar Credit and Net Metering program available to all residents in Utah.
• +

  Very low maintenance

  Most solar panels involve very minimal maintenance, which consists only of a light cleaning process. Since solar panels do not have any moving components, there is no wear and tear with use, and there are extremely small chances of breakage.
• +

  Excellent warranty protection

  All solar panels nowadays come with an efficiency guarantee and product guarantee. For most brands of solar panels, performance warranty ensures at least 25 years of effective energy production. Extended product warranties guarantee that any faulty equipment is repaired or exchanged for up to 25 years.
• +

  Increase in the property value

  The latest research by the Appraisal Institute discovered that homes with solar panels are selling much quicker and at greater rates than households without solar energy systems. Homebuyers regard solar arrays as an upgrade and are prepared to pay an average of $15,000 more for a house with a PV system installed.

Cons:

• -

  The possible high initial cost

  The price of solar panels is one of the primary disadvantages. The initial price of the solar power system will include the costs of solar panels, battery, inverter, all the required accessories, mounting equipment, and the installation itself. That expense can be quite large. Fortunately, the Federal Solar Tax Credit and state solar programs will reduce the cost by thousands of dollars. In addition, with technology moving forward, prices inevitably fall, making solar as affordable as ever.
• -

  Need to have a large, open area for installation

  Solar panels depend highly on sunlight to produce solar energy, so they need to be installed on open, vast, shade-free areas for efficient operation. However, not everyone is interested in getting a solar power system has that much room on the roof of their house. The good news is that if they still have access to sunlight, solar panels can also be mounted on the ground.
• -

  Must be a property owner to install

  Unfortunately, you may not be able to install solar panels yet if you are a renter. Solar power systems are only available to homeowners with good credit and good earnings as of today.

Is It Worth Going Solar in Utah?

When looking at the benefits and disadvantages of solar energy in Utah, it is clear that the benefits greatly outweigh the disadvantages. With such low solar rates and plentiful Utah sunshine, there has not been a better time to adopt solar, start producing your own electricity, and help to keep Utah green and beautiful.