Solar Panel Cost Guide in Riverdale, UT (2024 Update)
- Riverdale Solar Installation Cost: $11,942
- 25-Year Savings: $16,449
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Riverdale
See how much it might cost to install solar panels in Riverdale.
Although the national average of solar panels is $2.66 per watt, solar panels in Riverdale generally cost about 3.Using this figure, a typical 5.2-kW system would cost about $11,942 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Riverdale homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $19,000 on electricity 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 company, click the button below.
Solar savings over time in Riverdale
| Year | Return on Investment |
|---|---|
| 1 years | $-10,946 |
| 3 years | $-8,953 |
| 5 years | $-6,961 |
| 7 years | $-4,969 |
| 9 years | $-2,977 |
| 11 years | $-984 |
| 13 years | $1,008 |
| 15 years | $3,000 |
| 17 years | $4,992 |
| 19 years | $6,985 |
| 21 years | $8,977 |
| 23 years | $10,969 |
| 25 years | $12,961 |
Top Solar Installers in Riverdale
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make your switch to solar power much easier. The expertise that solar companies offer can be useful as well, particularly if you aren’t sure what kind of solar equipment would be right for your home.
If you're looking for a solar installer in Riverdale, the EcoWatch team has compiled a list of our top suggestions here:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- 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 Riverdale
Factors that Affect Solar Panel Costs in Riverdale
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Riverdale: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Riverdale, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past power bills. Your total cost can increase by around $3,290 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Riverdale, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.While solar loans make going solar more accessible for Riverdale homeowners, they can also add to the total you pay for your system due to interest. 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 hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Riverdale, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $15,919 | 11.9 years |
| 8 kW | $3.36 | $18,792 | $21,593 | 11.6 years |
| 10 kW | $3.29 | $23,030 | $27,452 | 11.4 years |
| 12 kW | $3.22 | $27,083 | $33,495 | 11.2 years |
| 14 kW | $3.16 | $30,952 | $39,723 | 10.9 years |
| 16 kW | $3.09 | $34,637 | $46,134 | 10.7 years |
| 18 kW | $3.03 | $38,138 | $52,730 | 10.5 years |
| 20 kW | $2.96 | $41,454 | $59,510 | 10.3 years |
How to Save on Solar Panels
There are numerous companies available in Riverdale, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- 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 Riverdale, UT Solar Cost FAQs
How much does it cost to install solar panels in Riverdale?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Riverdale?
A solar panel system isn’t free in Riverdale, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will solar panels impact my property value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a 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.