Solar Panel Cost Guide in Herriman, UT (Mar 2023)
- Herriman Solar Installation Cost: $9,830
- 25-Year Savings: $14,296
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Herriman
We go over average solar pricing in Herriman.
In Herriman, solar panels cost about 2.68 per watt on average. The average Herriman homeowner needs a 5.2-kilowatt system, which would cost about $9,830 with the federal tax credit, or $14,057 before the 30% tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely differ based on your specific situation and what company you want to go with. Despite the large upfront cost, the average Herriman homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar panel company in Herriman for a custom estimate.
Solar savings over time in Herriman
| Year | Return on Investment |
|---|---|
| 1 years | $-8,865 |
| 3 years | $-6,935 |
| 5 years | $-5,005 |
| 7 years | $-3,075 |
| 9 years | $-1,145 |
| 11 years | $785 |
| 13 years | $2,715 |
| 15 years | $4,646 |
| 17 years | $6,576 |
| 19 years | $8,506 |
| 21 years | $10,436 |
| 23 years | $12,366 |
| 25 years | $14,296 |
Top Solar Installers in Herriman
When going solar, many homeowners decide to hire a solar installer since overseeing your solar installation yourself can be a time-consuming project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
See all of the solar companies in Herriman
Factors that Affect Solar Panel Costs in Herriman
The cost of installing a solar system in Herriman can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $2,680 per kilowatt in Herriman. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Herriman homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Herriman, and each can charge different amounts for labor and equipment. Additionally, some companies in Herriman are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.79 | $11,706 | $15,913 | 10.6 years |
| 8 kW | $2.73 | $15,308 | $21,518 | 10.4 years |
| 10 kW | $2.68 | $18,760 | $27,272 | 10.2 years |
| 12 kW | $2.63 | $22,062 | $33,177 | 10.0 years |
| 14 kW | $2.57 | $25,213 | $39,232 | 9.8 years |
| 16 kW | $2.52 | $28,215 | $45,437 | 9.6 years |
| 18 kW | $2.47 | $31,067 | $51,792 | 9.4 years |
| 20 kW | $2.41 | $33,768 | $58,297 | 9.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you care about the endurance of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
EcoWatch's Herriman, UT Solar Cost FAQs
How much does it cost to install solar panels in Herriman?
The average cost of solar panels in Herriman is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.