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

  • Riverton 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 Riverton

We break down average solar pricing in Riverton.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Riverton, the average cost of a solar system is 3 per watt.The average solar panel system size in Riverton 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.

Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of equipment you want to get, your solar contractor and more.Even with the significant upfront cost, the average Riverton homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.

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

Solar savings over time in Riverton

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 Riverton

Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be hard. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over time.

There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:

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 Riverton

Factors that Affect Solar Panel Costs in Riverton

The cost of installing a solar system in Riverton 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 the equipment you choose, financing options and the solar installer you choose.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.

Solar Financing Terms

If paying for solar panels in cash is difficult, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.

Solar Panel Installation Company

The last major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Riverton, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.

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

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project completion timeline.

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 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 $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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider other than cost when buying solar panels?

Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

Does Riverton have a net metering program?

Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for 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 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 get 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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