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#21 Solar ROI State

Solar Panel ROI in Utah (UT)

Utah averages 1,550 kWh per installed kW per year. At $11.2¢/kWh average utility rates, a 7 kW system produces a 25-year NPV of $5,916.

$13,230
System Cost (After Credits)
$5,916
25-Year NPV
11 years
Payback Period
$0.126/kWh
Solar LCOE

Solar Cost Breakdown in Utah

7 kW system (2.70/W)$18,900
Federal ITC (30%)-$5,670
Net Cost$13,230

Solar Production in Utah

Utah receives an average of 1,550 kWh of solar energy per installed kW per year, based on NREL PVWatts data for a south-facing system at 20° tilt. A 7 kW system produces approximately 10,850 kWh in year one, declining by 0.5% annually due to panel degradation.

At Utah's average residential rate of $11.2¢/kWh with 4% annual escalation, first-year savings are $1,215. The solar LCOE of $0.126/kWh is -12% below the current utility rate and stays fixed while utility rates continue to climb.

Net Metering in Utah

Net billing at export credit rate (~$0.05-0.06/kWh) through Rocky Mountain Power

Solar FAQ for Utah

How much does solar cost in Utah?
A typical 7 kW residential solar system in Utah costs $18,900 before incentives. After the 30% federal ITC, the net cost drops to $13,230.
What is the solar payback period in Utah?
Based on the average UT utility rate of $11.2¢/kWh and local solar irradiance of 1,550 kWh/kW/year, a 7 kW system typically pays for itself in 11 years. The 25-year NPV is $5,916.
Does Utah have net metering?
Net billing at export credit rate (~$0.05-0.06/kWh) through Rocky Mountain Power
What is the LCOE of solar in Utah?
The levelized cost of solar energy in Utah is approximately $0.126/kWh, compared to the current average utility rate of $11.2¢/kWh. Solar electricity costs -12% less than grid electricity at today's rates, and the gap widens as utility rates rise.
How much electricity does a solar panel produce in Utah?
Utah receives approximately 1,550 kWh of solar energy per installed kW per year. A 7 kW system produces about 10,850 kWh in its first year, enough to offset 103% of the average U.S. household's electricity consumption.

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Solar ROI in Similar States

New Hampshire

NPV: $21,202 · Payback: 7yr
Rate: $25.2¢/kWh · #13 ranked

Maryland

NPV: $8,768 · Payback: 10yr
Rate: $15.8¢/kWh · #14 ranked

Rhode Island

NPV: $24,104 · Payback: 7yr
Rate: $26.8¢/kWh · #15 ranked

Illinois

NPV: $7,460 · Payback: 10yr
Rate: $16.2¢/kWh · #16 ranked

South Carolina

NPV: $10,528 · Payback: 8yr
Rate: $13.2¢/kWh · #17 ranked

Texas

NPV: $10,835 · Payback: 9yr
Rate: $13.8¢/kWh · #18 ranked

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