Solar Panel Cost Guide in Riverdale, UT (2023 Update)
- Riverdale Solar Installation Cost: $9,736
- 25-Year Savings: $16,440
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Riverdale
Find out what the average cost of installing solar panels is in Riverdale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Riverdale, the typical cost of a solar system is 2.68 per watt. To account for the typical energy usage of the average home in Riverdale, most homeowners require a 5.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,736, or $13,922 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Riverdale find going solar has a decent ROI.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Riverdale
| Year | Return on Investment |
|---|---|
| 1 years | $-8,689 |
| 3 years | $-6,595 |
| 5 years | $-4,501 |
| 7 years | $-2,407 |
| 9 years | $-313 |
| 11 years | $1,781 |
| 13 years | $3,875 |
| 15 years | $5,969 |
| 17 years | $8,064 |
| 19 years | $10,158 |
| 21 years | $12,252 |
| 23 years | $14,346 |
| 25 years | $16,440 |
Top Solar Installers in Riverdale
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make switching to solar power much easier. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Riverdale
Factors that Affect Solar Panel Costs in Riverdale
The cost of installing a solar system in Riverdale can vary by more than $10,000 from home to home. Your actual cost is determined by 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 company you choose.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,680. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Riverdale, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Riverdale to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time because of interest. However, the interest on solar loans also increases your overall costs, so it's crucial to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Riverdale is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services at different price points. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you want and also fit into 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 | $18,583 | 9.7 years |
| 8 kW | $2.73 | $15,308 | $25,078 | 9.5 years |
| 10 kW | $2.68 | $18,760 | $31,722 | 9.3 years |
| 12 kW | $2.63 | $22,062 | $38,517 | 9.1 years |
| 14 kW | $2.57 | $25,213 | $45,461 | 8.9 years |
| 16 kW | $2.52 | $28,215 | $52,556 | 8.7 years |
| 18 kW | $2.47 | $31,067 | $59,801 | 8.5 years |
| 20 kW | $2.41 | $33,768 | $67,196 | 8.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Riverdale, UT Solar Cost FAQs
How much does it cost to install solar panels in Riverdale?
The average cost of solar panels in Riverdale 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,009.64 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.