The cost of solar panels in Smithfield, UT (2024)

Updated Mar 15, 2024

  • You'll pay an average of $13,845 to install a 5 kilowatt solar panel system in Smithfield, UT, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

  • With EnergySage's competitive marketplace, you can expect to see prices up to 20% lower than if you work with a single company.

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Written by: Emily Walker

As of March 2024, the average solar panel system costs $2.77/W including installation in Smithfield, UT. For a 5 kW installation, this comes out to about $13,845 before incentives, though prices range from $11,768 to $15,922. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in Smithfield, UT

Good Price
$11,768 or less
Market Average
$13,845
High Price
$15,922 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or Smithfield, UT state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $13,845 in Smithfield, UT, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in Smithfield, UT

System Size
System Cost
System Cost (after ITC)
3 kW$8,307$5,815
4 kW$11,076$7,753
5 kW$13,845$9,691
6 kW$16,614$11,630
7 kW$19,383$13,568
8 kW$22,152$15,506
9 kW$24,921$17,445
10 kW$27,690$19,383

Are solar panels worth it in Smithfield, UT?

Solar panels are worth it in most areas, including Smithfield, UT. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $15,962 over 20 years on electricity costs with a 5 kW system in Smithfield, UT. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

If you don't have access to net metering, these estimates don't account for utility net billing rates.

Payback Period
10.54 Years
20-Year Savings
$15,962
Cost-per-Watt
$2.77

If you can't shell out $13,845 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in UT, here are some popular suggestions:

  • Sunshine Saves Inc.
    Salt Lake City, UT
    Established 2012
    Elite Installer
    Our main focus is always on quality, both with equipment used and the installation performed. We offer the best w...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    15 Reviews

    Our main focus is always on quality, both with equipment used and the installation performed. We offer the best w...
  • Apollo Energy
    Ogden, UT
    Established 1999
    Advanced Installer
    Unfortunately, solar is not one size fits all.
    At Apollo Energy, we want to educate you on which system is best i...
    Advanced Installer
    Screened & Verified
    5.0 /5.0
    21 Reviews

    Unfortunately, solar is not one size fits all.
    At Apollo Energy, we want to educate you on which system is best i...
  • Avail Solar
    Murray, UT
    Advanced Installer
    Are you looking to minimize your electric bill and increase your energy independence? Discover Avail Solar - your...
    Advanced Installer
    Screened & Verified
    5.0 /5.0
    4 Reviews

    Are you looking to minimize your electric bill and increase your energy independence? Discover Avail Solar - your...
  • Smart Wave Solar
    Bluffdale, UT
    Established 2019
    Advanced Installer
    At Smart Wave Solar we offer an amazing price, but that doesn't mean we cut corners! In fact, the opposite is tru...
    Advanced Installer
    Screened & Verified
    4.5 /5.0
    39 Reviews

    At Smart Wave Solar we offer an amazing price, but that doesn't mean we cut corners! In fact, the opposite is tru...
  • RedSun Solar LLC
    Herriman, UT
    Established 2016
    Approved Installer
    RedSun Solar making solar make cents. Buying Direct from the contractor skipping the sales pitch.

    Redsun Solar pr...
    Approved Installer
    Screened & Verified
    5.0 /5.0
    7 Reviews

    RedSun Solar making solar make cents. Buying Direct from the contractor skipping the sales pitch.

    Redsun Solar pr...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in Smithfield, UT.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in Smithfield, UT. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

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