Guide to solar panels in Clearfield, UT (2021)
Updated August 19, 2020
Clearfield is a great place to go solar. You’re probably using Rocky Mountain Power as your utility. Solar can be a great investment that elimates your electricity bill.
The most significant incentive to install solar panels in Clearfield is the 26% federal tax credit. However, the tax credit is set to step down to 22% at the end of 2020. This means in order to maximize your savings potential, the best time to go solar in Clearfield is now.
Another key incentive for going solar in Clearfield is the state net metering policy and the Renewable Energy Systems State Tax Credit. By entering your address into our solar panel calculator, you can see what other local incentives are available in your area.
On this page:
Current cost of solar panels in Clearfield
Showing data for:
Prices based on a 5.3kW system, after 26% federal tax credit
Solar prices near you
Net profit (savings less system cost)
$44,194-$54,015
Payback period
5.6-6.8 years
Recommended size for the selected utility bill
5.3kW
Solar panel cost calculator
Clearfield solar panel cost & savings calculator
Current solar incentives and tax credits available in Clearfield, UT
Utah state tax credit
Utah has a state solar tax credit that is equal to 25% of the total system installation costs and is capped at $1,200.
The 26% federal solar tax credit explained
The federal solar tax credit is equal to 26% of the total cost of installing solar panels on your home. The amount of the tax credit is then deducted from your federal taxes. You can claim the credit over several years if the amount you owe in taxes is less than the amount of your tax credit. You can only take advantage of the federal tax credit if you pay federal income taxes.
Keep in mind that the federal solar tax credit is set to step down at the end of 2022, falling from 26% of costs to just 22%. So, the best time to go solar is now, so you can maximize your solar savings.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking, the higher your power usage, the greater your potential savings are from installing solar.
The average monthly electricity usage in Utah is about 750 kWh per month. However, you are most likely using a lot more than this since this average includes small apartments and condos.
The Clearfield solar panel savings calculator uses our database of electric rates from local utilities to convert your monthly power bill into how much electricity your home uses. From there, the calculator can work out how many solar panels you need to offset your power usage, how much a solar system will cost based on prices of local solar companies, and the amount of money you will save on your electric bill.
Cost and savings for a 10.72 kW average-sized solar system in Clearfield
Cost per watt range
$2.12 - $2.59
Average payback
9.1 - 11.1 years
Annual power production
16,721 kWh
Levelized cost of solar energy
4¢ /kWh
If you don't get solar
16¢ /kWh
(forecast avg Utah electric rates over the next 25 years)
Average solar savings on this system over the next 25 years
$36,440
(Savings shown after repayments of capital)
Related topics:
Are solar panels worth it in Clearfield
Solar panels have fallen in price by more than 80% in the last ten years. In 2021 they also remain subsidized by the 26% federal tax credit and the net metering law making them an excellent investment. They offer a return well above the long term average return from both the share market and also property investment.
Another way to look at this question is the levelized amount you will pay for each kWh of power you will use over the next 25 years with and without solar panels. As you can see below the savings are significant.
Going solar in UT
Check out all of the ways energy providers of can help you be more energy efficient and save money.
Table 2: Available incentive programs
| Incentive name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Net Billing | State | Net Metering |
| Renewable Energy Systems State Tax Credit | State | Personal Tax Credit |
Table 2: Available incentive programs
|
Eligibility: Federal incentive
Type: Personal Tax Credit
|
|
Eligibility: State incentive
Type: Net Metering
|
Note: Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
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