Solar Panel Cost Guide in Riverton, UT (Feb 2023)

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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

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 Riverton

Let's have a look at the average cost of solar in Riverton.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Riverton, the typical cost of a solar system is $3 per watt. Since a 5.2-kW system is needed to cover the energy costs of a typical home in Riverton, the average price of going solar will be about $9,830 before claiming the federal solar tax credit of 30%.

Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of equipment you want, your solar contractor and more. For most homeowners, the upfront cost of solar panels is worth paying. On average Riverton homeowners see about $17,000 in savings on electricity bills over 20 years.

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

Solar savings over time in Riverton

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 Riverton

Although you can install solar panels yourself, it involves extra labor and knowledge. Because of that, the majority of homeowners choose to go with a solar panel installer. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.

You can get a free estimate from a local solar installer on how much solar panels could cost 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 (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 Riverton

Factors that Affect Solar Panel Costs in Riverton

Though the average cost of a solar system in Riverton is $9,830, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,680. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Riverton, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar companies in Riverton provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also increases your all-in costs, so it's important 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

Lastly, the company you hire to install your solar system can play a role in determining the cost. Riverton's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Riverton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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

There are a lot of companies available in Riverton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:

  • Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
  • Solar Panel Brands: The type of solar panel you'd like plays a role in which installer you should opt for, since different companies have access to different panels.
  • Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
  • Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.

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 Riverton, UT Solar Cost FAQs

How much does it cost to install solar panels in Riverton?

The average cost of solar panels in Riverton is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Riverton?

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

How will solar panels impact how much my home is worth?

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 Riverton is currently $371,554, which means you could be looking at 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 Riverton is a rewarding investment.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy consumption 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 account for 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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