Solar Savings Calculator for Salt Lake City, UT
Homeowners in Salt Lake City pay an average of $122/month for electricity through Rocky Mountain Power. With 5.3 peak sun hours per day, solar panels can significantly reduce your energy costs.
$122
Avg Monthly Bill
12.8¢/kWh
Electricity Rate
5.3h/day
Peak Sun Hours
$39,645
Est. 25-Year Savings
Calculate Your Savings in Salt Lake City
Adjust Your Details for Salt Lake City, UT
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
6 kW
Panel Count
15 panels
Total System Cost
$16,200
Federal Tax Credit (30%)
-$4,860
Net Cost
$11,340
Annual Savings
$1,464
Payback Period
7.7 years
25-Year Savings
$39,645
Return on Investment
350%
* Estimates based on 5.3 peak sun hours/day in Salt Lake City, UT, system cost of $2.7/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Salt Lake City
Utility & Permits
- Utility Company
- Rocky Mountain Power
- Permit Cost
- $325
- Permit Timeline
- 2-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 6 kW
- Panel Count
- 15 panels
- Gross Cost
- $16,200
- Net Cost (after credits)
- $11,340
Available Incentives for Salt Lake City, UT
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
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