Solar Panel Cost Guide in Herriman, UT (2024 Update)

  • Herriman Solar Installation Cost: $12,070
  • 25-Year Savings: $14,294
  • Payback Period: 12.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Herriman

Here’s how much it might cost to switch to solar power in Herriman.

The average cost of a solar system in Herriman is 3 per watt.The average solar panel system size in Herriman is around 5.2 kilowatts, meaning a cost of about $12,070 for a solar installation, or $17,260 before the 0 federal solar tax credit is applied.

These figures are only estimates, and the cost of going solar for you will differ based on the amount of energy your home requires and what company you want to go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Herriman find installing solar panels can be quite rewarding.

Click the button below to get connected to a vetted solar panel company in Herriman for a customized estimate.

Solar savings over time in Herriman

Year Return on Investment
1 years $-11,074
3 years $-9,082
5 years $-7,090
7 years $-5,097
9 years $-3,105
11 years $-1,113
13 years $879
15 years $2,872
17 years $4,864
19 years $6,856
21 years $8,848
23 years $10,840
25 years $12,833

Top Solar Installers in Herriman

Trying to install solar panels by yourself can be a dangerous task, which is why using a solar installation company is a good option for many homeowners. Also, if you’d like to maximize your investment in solar energy, opting for a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.

You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:

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

Solar Veteran

Creative Energies

★★★★★
4.5

  • Certified B Corp
  • Outstanding customer service
  • Many years of experience
  • Multitude of products and services
  • No leases or PPAs
  • Slightly expensive

See all of the solar companies in Herriman

Factors that Affect Solar Panel Costs in Herriman

For many Herriman homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Herriman, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar panel system in Herriman, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $3,290 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

If paying for a solar system in cash is too expensive, solar loans are an affordable choice because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Herriman is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for example, you’ll have many options for solar installers that provide a range of services at different costs.You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.42 $14,371 $13,249 13.0 years
8 kW $3.36 $18,792 $18,033 12.8 years
10 kW $3.29 $23,030 $23,002 12.5 years
12 kW $3.22 $27,083 $28,156 12.3 years
14 kW $3.16 $30,952 $33,493 12.0 years
16 kW $3.09 $34,637 $39,015 11.8 years
18 kW $3.03 $38,138 $44,721 11.5 years
20 kW $2.96 $41,454 $50,611 11.3 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
  • Installation Process: Make sure you’re aligned with the installer in regard to 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.
  • Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.

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

Solar Veteran

Creative Energies

★★★★★
4.5

  • Certified B Corp
  • Outstanding customer service
  • Many years of experience
  • Multitude of products and services
  • No leases or PPAs
  • Slightly expensive

EcoWatch's Herriman, UT Solar Cost FAQs

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

The average cost of solar panels in Herriman is about $16,450 for a 5-kW system and $32,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Herriman?

Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.

Do solar panels increase the value of your home?

Installing solar panels on 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 $579,867, so you can look forward to a value of about $23,775 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Herriman is a worthwhile investment.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.

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