So, is Solar Worth it in Utah?
Many Utahans turn toward solar calculators to gauge their system costs. People who only want the cost may be able to get what they need from this tool, but if you are actually interested in solar you will want to take a deeper look. Solar calculators are meant to give a very basic idea of what solar would cost. There are many factors that aren’t taken into account in a solar calculator.
Is solar worth it in Utah? As the calculator above demonstrates, the answer is a resounding ‘yes.’ This is especially true given the fact that the calculator above is programmed to give Utah homeowners a conservative estimate. To get the exact figure on dollars earned in savings, you’ll have to speak with one of our expert solar consultants, get a complimentary solar quote, and let us provide you with a customized, no-cost solar impact assessment. This assessment will be able to determine factors that the calculator above cannot, such as azimuth, roof pitch, and more.
What Does this Utah Solar Estimator Tool Use to Give Me the Above Numbers?
This solar estimator tool takes the avg cost of high quality German-engineered solar panels based on area and factors in the savings you’ll get based on methods of payment (cash and a three-pronged loan system). The calculator also factors in electrical bills to make an estimate.
Avoid Rudimentary Solar Savings Tools Used to Price Complicated Factors
Solar calculators normally use basic tools to give a rough estimate. If you wanted an accurate quote you would need to give more information than what state your home is in and your average power bill. Some solar calculators claim they can give you a valid quote based off of basic tools. Although they can provide a ballpark, there are many factors that these calculators don’t account for, and many of the factors they do account for are fundamentally deceptive.
What is Needed to Create an Accurate Utah Solar Savings Estimate?
To get a realistic price, you need to take into account several factors. These range from specifics regarding the area you want to put your panels on to the amount of energy that you use each month. Where you live plays a big roll in what needs to go into your system. When a proposal for your home is accurately put together the exact latitude and longitude of your home is used to pull up a weather file for your home.
This file shows the typical radiation of your area so they can assess how productive your panels are going to be. The set up of your solar system design can make a huge difference in its size and price. Getting one system set up has several variables. Additionally, when you get a solar quote they look at the direct current power rating of the array, the ratio of your inverter AC-rated size to the array’s DC rated size and how efficient the inverter is, all of which are factors that an online solar calculator can’t determine.
They also take into account Azimuth, which determines the array’s orientation with respect to a line perpendicular to the equator, and the tilt of your array type. Losses to your panel productivity also need to be factored into the equation when sizing your residential solar system.
Some Other Utah Solar Savings Calculator Told me I Could Save Me More. So, What Gives?
Unfortunately, many ‘is solar worth it calculator’ producers use some tricks that essentially lie to solar prospects about savings, making you believe that Google Maps and other rudimentary tools can estimate solar savings according to highly complex determinants like azimuth and roof pitch.
However, this simply is not the case, and many of the people who’ve programmed those calculators use formulas that are far too generous to be entirely honest. It is possible that another calculator is programmed honestly and gives Utah residents a higher savings estimate than ours, but that boils down to panel quality.
An honest how-much-can-solar-power-save-you calculator programmed to account for Chinese-imported solar panels may give you a greater savings estimate, but the quality of the solar panels is nowhere near the quality of the German-engineered product we offer.
So, although those calculators may give you bigger savings estimates, they don’t take panel production into account, which will make a greater volume of savings apparent once you complete our complimentary solar savings estimate. Not all solar calculators are created equal. You will want to make sure you know what the calculator uses to assess your costs and savings.
An In-depth Analysis of Solar Panels for Home Costs in Utah
System costs will also vary depending on the type of equipment installed and the cost of permits and new grid interconnection agreements in your area. You can’t cut corners when it comes to getting permits and grid agreements, so if this cost is lower, it is most likely because they are using cheaper equipment. You will want to make sure their products meet your standards before they are installed.
No matter what system you get, it is going to lose efficiency over time, as is the case with all forms of electrical equipment. Some systems, however, will degrade faster than others, which will affect your total net savings over the 30 to 40-year duration of the panels’ lives.
The type of payment method you choose will affect how much you end up paying. If you are getting a loan, the term, rate, and principle of that loan all matter and are different for each company. Your access to these various financial programs will still hinge on your credit score, though. It’s not just determined by the company from who you are buying solar.
Utah Electricity Rates
Each solar company has a different rate structure for the energy that their customers use. Once a savings analysis is conducted and put together, the average rate of your particular power company is used to calculate how much you will ultimately save.
Electric Load (Usage)
How much energy you use correlates to the solar panels system size needed. How much energy you use depends on how many large electrical appliances you have and how often they are used, which is largely influenced by number of occupants in your home and their power usage patterns.
What Goes Into Go Solar Group’s Utah Solar Savings Calculator?
When you look at our calculations, you need to take into account what we are comparing. Our solar calculator is specific to the products that we use and should not be used as a base price for any other company, especially since our product is of the highest quality and German-engineered.
German-Engineered Solar Panels
Our calculator is based off of the average price of high quality German-engineered panels. The panels that we use are made by Axitec.
Utah Solar Savings Estimates
The price for solar varies slightly depending on where you live. We give price estimates for Utah because this is one the areas that we service, and, therefore, the other factors are not necessarily applicable in other geographic locales.
Utah Electrical Bills
We show you estimated savings based on and according to your average monthly power bill. As stated above, this is not the most accurate measurement of energy use, so you should take this into account when searching for an actual Utah solar bid.
Three Financing Options vs. Cash
There are three different loan options for which our calculator gives basic estimates. What loan and rate you are able to receive depends on your credit and debt-to-income ratio. If you are planning on paying for your system with cash, but received it from a different loan source, you must account for that loan rate and term.
How To Use a Solar Calculator
There isn’t a single solar calculator that can fully provide exact cost or savings of your system. Even if the technology and metrics of these calculators were perfect, they would still be incapable of accounting for variables in electrical usage for each home. That’s why these calculations are meant to give you a better idea so you know what to expect. Solar calculators are best used as a starting price point.
When you get a quote from a solar calculator, don’t take it as gospel. As stated above, your actual cost for your specific system has quite a few more factors involved and so it will be off. Never trust a quote from a solar calculator that is higher than the actual estimate brought to you at the point of in-person assessment. This is usually a sign of fundamentally deceptive number-tweaking.
Set Expectations for Utah Solar Quote Comparison
Once you’ve used our solar calculator, you know what price range to expect from your solar quotes. Getting several quotes is an excellent way to know for sure that you are getting the best deal that fits your needs, and the solar savings calculator we’ve provided above is an honest reference tool for whether you’re on track with the quotes with which numerous solar installers in Utah provide you.
The ROI of Rooftop Solar Panels in Salt Lake City and the Greater Utah Area
When you get solar for your home, you can count on a significant return on investment. You are paying less for your energy long-term than you would be through a traditional power company. Secondly, the installation of a quality solar system increases the value of your home by as much as 3-5%, which is no small chunk of change with a larger and more expensive home.
When All Is Said and Done, Does Utah Need a Solar Savings Calculator?
No one needs a calculator; solar saves you money. You still have to pay a connection fee to your local power company, but it’s low enough to not be a bother. If you’re going through Rocky Mountain Power, some pay $9/month for their connection, use A/C all day, multiple TVs, computers, appliances, etc. and pay nothing for actual electric usage. If your system is large enough to create excess, which is credited by the power company, and you can draw from those in the winter when your solar panels are covered by snow, then you’re set to go.
Some simple math will help you see your loan costs near the same as your current electrical usage, but that doesn’t account for inflation. Electricity prices will continue to rise over the years as its production methods increase in scarcity, but your loan terms will stay the same. If you pay $200 for solar panels and use about $200 currently on a power bill, your savings will come in a year or two down the road when your price would’ve been $220, then $240, then up and up and up with no end to the hikes in sight. View your Utah solar investment as a hedge against inflation, and it almost seems irresponsible to not go solar.