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Is Solar Worth It in Utah? 2026 Rates & Payback

Is solar worth it in Utah?

Less attractive

At 13.1¢/kWh, payback in Utah takes about 14.8 years, so the financial case is weaker here.

Electricity here is 32% cheaper than the national average (~19.3¢/kWh).

Rates in Utah rose 25% from 2020 to 2025. If prices rise 3% a year, payback drops to about 12.4 years. Try other scenarios ↓

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Estimates only. Actual results depend on your home, installer and local rules. Learn more: Is solar worth it in 2026? · What if electricity prices rise?

Residential rate

13.1¢

per kWh

Est. monthly bill

$118

at 900 kWh/mo

Solar payback

14.8

years

At 13.1¢/kWh, a home using 900 kWh a month pays about $118. A 6 kW rooftop system here produces roughly 9,300 kWh a year. At $3.00/W ($18,000, before incentives), the savings would pay off the system in about 14.8 years.

Estimate your savings

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Estimate based on average system size and current rates. Actual results vary.

What if electricity prices rise?

Many states have seen rates rise faster than 3% in recent years.

Estimated payback

12.4 yrs

Savings over 10 years

$13,988

Savings over 25 years

$44,486

Do nothing: over 25 years you'd pay about $44,486 for the electricity a 6 kW system would otherwise produce — money that stays with the utility instead of paying off your panels.

Estimates only. Actual results depend on your home, installer and local rules.

Electricity rate trend

From 2020 to 2025, the average residential rate went from 10.4¢ to 13.1¢/kWh — +25% in 5 years.

If rates continue at a similar pace, solar payback shortens further.

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Electricity price trend

Electricity in Utah went up 20% since 2015 (about 1.9% per year).

Average residential price, ¢/kWh (EIA yearly data).

25-year savings, flat prices

$30,504

If prices keep rising like they have

$38,346

For a 6 kW system. Yearly price rise capped at 5% in this estimate. Future prices are not guaranteed.

Major utilities & net metering

Rocky Mountain Power

Time-of-use plans are common: power costs most in late afternoon and evening.

Net metering: Reduced export credit — exported power earns less than retail, so self-use and batteries matter more.

General guide — check your utility for current rates.

Solar installers in Utah

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Rocky Mountain Solar (example)

Verified

Denver, CO · 10 yrs in business · NABCEP certified

Solar · Batteries

Serves: CO, UT

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Data based on EIA and NREL PVWatts (rates for 2026-07). Some figures are sample estimates because a data service was unavailable.