Solar Panel Cost Guide in Herriman, UT (Oct 2022)

  • Herriman Solar Installation Cost: $9,830
  • 25-Year Savings: $14,296
  • Payback Period: 10.2 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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 $3 per watt on average. Because a 5.2-kW system is needed to cover the energy needs of a typical home in Herriman, the average price of going solar will be about $9,830 before claiming the federal solar tax credit of 30%.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what installation company you go with. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Herriman find investing in solar can be quite rewarding.

To calculate your potential ROI and connect with a local solar company, click the button below.

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 making the switch to solar, many homeowners decide to use a solar installer since overseeing your solar installation yourself can be a challenging project. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be best for your home.

You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Herriman:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Local Installer

ES Solar

★★★★★
4.5

  • Representatives are experts on local policies
  • Lifetime workmanship warranty
  • Outstanding customer service
  • No leases or PPAs
  • Energy audits only available 12 months after installation

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 determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment Size

When it comes to estimating the price of solar panels in Herriman, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by around $2,680 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

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 decide to finance their solar panel systems to make paying for solar more affordable. Even though solar loans make adopting solar energy more accessible for Herriman homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

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. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that has the products, warranties and services you want and also is within your budget.

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

Solar Incentives in Herriman

Name Renewable Energy Systems Tax Credit (Corporate)
Website Visit here
More Info Click here

Name Renewable Energy Systems Tax Credit (Personal)
Website Visit here
More Info Click here

Name Rocky Mountain Power - wattsmart Residential Efficiency Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the company you choose considerably impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
  • Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
  • Contract: Read the contract terms closely to make sure you understand the overall cost, completion timeline incentives and warranties.
  • Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Local Installer

ES Solar

★★★★★
4.5

  • Representatives are experts on local policies
  • Lifetime workmanship warranty
  • Outstanding customer service
  • No leases or PPAs
  • Energy audits only available 12 months after installation

EcoWatch's Herriman, UT Solar Cost FAQs

What is the average cost of installing solar panels in Herriman?

This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.

Are solar panels free in Herriman?

You can't get solar panels for free in Herriman. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.

How will having solar panels impact the value of my home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Herriman is currently $371,554, so you can expect about a value of about $15,234 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Herriman is a rewarding investment.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.

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.

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