Solar Panels Cost 4.4k-13k in Richfield, UT | October, 2024

Solar Panels Cost $4.4k-$13k in Richfield, UT | October, 2024

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How much do solar panels cost in Richfield, UT in 2024?

You'll pay about $3.16/W to get a solar system in October, 2024 in Richfield, UT.

Based on this price per watt, you can conclude that for every 1000 watts (1 kW) your solar system can generate, you will have to spend $3,160 for its installation. After receiving the 30% federal tax credit, a 5 kW panel install in Richfield will cost around $11,060. Your electricity use habits may need a larger system.

Select your county from the menu on the left to view the typical roof size and maximum solar panel capacity for homes in your area. Additionally, you can also see a breakdown of the costs, payback period and 20 year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Richfield: $11,060US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Richfield: 11 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Richfield: $4,547US Average: $15,784

Solar Potential in Richfield

Estimated system size and solar electricity production per median viable roof in
Richfield.

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 14.5kkWh AC per yr.

Electricity Costs in Richfield, UT & What that Means for Your Solar Panel Pricing

The standard kWh usage for Richfield residents is 750 monthly, with an average electric bill of $84.78. It’s worth remembering that this number includes apartments and other smaller living spaces that generally have lower energy use.

In October 2024, the electricity rate in Richfield, UT is on average 11.3¢ per kWh.

If your household uses an average amount of electricity in Richfield, you will want a solar system of 6 kW or larger to fully take care of your entire power needs. Presently, a 6 kW solar panel system will have an upfront cost of about $18,960, but the federal tax credit reduces the price by 30%, making it $13,272.

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Average solar panel costs by system size in Richfield

To your left, there is a comprehensive price breakdown for the multiple solar panel system sizes installed in Richfield. Of course, with a bigger solar system, there will be a higher upfront cost, but the advantages consist of more electricity savings and larger income tax credits.

In the solar panel cost calculator located to the right and below, you can see a cost and benefit breakdown to match an average $84.78electric bill in Richfield. For custom results, change the $84.78 to whatever your average electricity bill is.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $364 a year
Est. Price
$4,424
Savings from a 2kWthis system
  • Est. yearly production 3,306 kWh
  • Est. monthly savings $30
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.17 tons a year
  • Equivalent to planting 100 trees a year
  • Equivalent to driving 5,369 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $546 a year
Est. Price
$6,636
Savings from a 3kWthis system
  • Est. yearly production 4,959 kWh
  • Est. monthly savings $45
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.25 tons a year
  • Equivalent to planting 149 trees a year
  • Equivalent to driving 8,054 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $727 a year
Est. Price
$8,848
Savings from a 4kWthis system
  • Est. yearly production 6,612 kWh
  • Est. monthly savings $61
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.34 tons a year
  • Equivalent to planting 199 trees a year
  • Equivalent to driving 10,739 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $909 a year
Est. Price
$11,060
Savings from a 5kWthis system
  • Est. yearly production 8,265 kWh
  • Est. monthly savings $76
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 5.42 tons a year
  • Equivalent to planting 249 trees a year
  • Equivalent to driving 13,424 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,091 a year
Est. Price
$13,272
Savings from a 6kWthis system
  • Est. yearly production 9,918 kWh
  • Est. monthly savings $85
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 6.08 tons a year
  • Equivalent to planting 279 trees a year
  • Equivalent to driving 15,060 mi less a year

Richfield Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your solar energy or wind turbine installation costs. To determine your eligibility, use our REAP Grant eligibility tool.

For those considering residential solar, the 30% federal income tax credit is offered to almost all homeowners, making solar power a good investment in numerous parts of the country. There are also a number of state and local efforts aimed at enhancing solar energy use.

In Utah, 13 solar rebates and incentives are currently available from different utilities and government agencies.

Solar incentives in UT

Renewable Energy Systems Tax Credit (Corporate)

Value:Up to $2,000

The City of Brenham, in September 2010 passed an ordinance that instituted net metering and interconnection procedures. Customers are eligible for these procedures if they have generators up to 10 megawatts (MW). Homeowners with generators systems of 20 kilowatts (kW) or less are eligible for a separate rider and expedited interconnection. It’s the responsibility of the utility company to install and maintain a meter capable of measuring the flow of electricity in both directions. Every month, net excess generation (NEG) is credited at the utility’s voided cost rate. Customers must supply all the required equipment to meet safety, power quality, and interconnection standards as outlined by the National Electric Code (NEC), the National Electrical Safety Code, the Institute of Electrical and Electronics Engineers (IEEE), Underwriters Laboratories (UL), and any other applicable local, state, or federal agencies.

Dominion Energy - Commercial Energy Efficiency Rebate Program

Value:Up to $75

San Antonio’s municipal utility, CPS Energy, will provide rebates to its customers who install solar photovoltaic (PV) systems on their homes, schools, or businesses. In the case of a third-party-owned system (i.e. PV systems that are leased), the homeowner is not eligible for rebates under this program. To qualify for the rebate, you must be a CPS Energy customer with at least one kilowatt (kW)-AC. Rebates are capped at $25,000 per residential account and $80,000 per commercial account in a given year. Rebate recipients must sign an agreement granting all renewable energy credits (RECs) produced by the system to CPS Energy.

Renewable Energy Systems Tax Credit (Personal)

Value:Up to $2,000

On the statewide level, Texas lacks a net metering system as the term is conventionally apprehended. Retail electricity providers may, but are not required to, compensate their customers for electricity attained from renewable energy generation systems exported to the grid. Green Mountain Energy Company is one company that purchases electricity under its Renewable Rewards product. To earn this benefit, the customer must enter into an interconnection agreement with the retail supplier. The electricity market in Texas remains largely deregulated to include the large metro areas of Houston, Dallas, Fort Worth, and Arlington.

Dominion Energy - Residential Energy Efficiency Rebate Programs

Value:Varies

Small, medium, and large commercial customers are all eligible for rebates from Austin Energy after installing install photovoltaic systems. Incentives are granted after installation and per kilowatt. The rate of the rebate can range anywhere from $0.02-$0.08/kWh. The latest specifics of this program, including updates to the program’s rebate and its rates, should be found on the program’s website or by contacting Austin Energy directly.

Solar Contractor Licensing

Value:Varies

Denton Municipal Electric (DME) had offered rebates on an ongoing basis; however, as of December 2020 funding for solar rebates has been exhausted with the program now suspended. Interested parties should continue to monitor the program, since it is expected that additional funding could be provided again in October 2021. The rebate is offered to DME electric customers for the installation of solar photovoltaic (PV) and solar water heating systems. The solar rebates are designed primarily for residential and small commercial customers to include existing improvements and new constructions.

Alternative Energy Development Incentive (Corporate)

Value:Varies

In 2003, the Dallas City Council signed a resolution into law requiring all newly planned municipal buildings in excess of 10,000 feet must conform to U.S. Green Building Council Leadership in Energy and Environmental Design (LEED) Silver Certification standards. This ordinance was subsequently updated to ensure newly constructed buildings comply with the 2006 bond program to LEED Gold Certification. In December 2005, the Jack Evans Police Headquarters was the first building to attain LEED Silver Certification. By 2015, Dallas had constructed 26 LEED-certified facilities.

Net Billing

Value:Varies

The TNMP SCORE/CitySmart program is designed to assist education and local government facilities identify opportunities to increase energy efficiency in their existing and newly-planned facilities. The program’s aim is to help government facilities discover financial incentives to aid in implementing their energy-efficient projects. Funded by TNMP, SCORE/CitySmart program is available at no cost to its participants. Similarly, Commercial Solutions, also funded by TNMP, helps commercial enterprises other than schools and governments find a diversity of solutions to their high energy costs. This program is similarly free to those who are eligible and choose to participate.

Alternative Energy Manufacturing Tax Credit

Value:Varies

Height limitations exemptions for solar installations are found in Zoning Code (Chapter 25-2) of the Austin City Code. Solar installations, in some cases, may exceed the maximum zoning district height by 15% or the amount necessary to remain in compliance with either federal or state regulation, whichever is greater. This element of the Zoning Code also provides for preservation plans in designated historical districts to incorporate energy-efficient upgrades to the home’s energy generation and delivery systems.

Alternative Energy Development Incentive (Personal)

Value:Varies

Under Texas statutes, if it becomes necessary for a utility to construct a line extension for its customer and requires of the customer a pre-payment charge, a Contribution in Aid to Construction (CIAC), or a signed commitment to one-year contract term or greater, the utility must supply the customer with information about on-site renewable energy and distributed generation (DG) technology as an alternative. This must necessarily be provided at the time of any pre-payment or estimate on the part of the CIAC. Furthermore, this material provided must adhere to the guideline as set forth by the Public Utilities Commission of Texas (PUCT), and the information has to be supplied before any contract of a year or longer is signed.

Local Option - Industrial Facilities and Development Bonds

Value:Varies

Texas companies that solely and exclusively manufacture, sell, or install solar or wind-based energy devices are exempt from the franchise tax. The franchise tax is equal to a corporate tax, if not one and the same. This exemption is without ceiling and is meant to substantially incentivize solar and wind business in the state of Texas. A solar energy device, for the purposes of this exemption, means a system or connected series of mechanisms engineered to provide heating, cooling, or electrical power through the collection and transference of solar-generated energy. Wind energy is also eligible under this same definition.

Dominion Energy - Residential Solar Assisted Water Heating Rebate Program

Value:Varies

Commercial multifamily owners of five or more are eligible for rebate incentives on their multifamily properties through Austin Energy. The rebates are meant to assist Austin Energy customers who own dwellings of five or more units with the installation of solar PV systems. A qualifying energy system must have at least 2kW (AC) per unit. Or, alternately, the system unit must be estimated to produce 50% of annual electric consumption. The precise and most up-to-date details of this program can be obtained by contacting Austin Energy directly or by visiting the program website.

Utah Commercial PACE financing program

Value:Varies

In July of 2021, Austin, Texas, was awarded 6th place on the EPA Green Power Top 30 Local Government list. Austin sets itself apart on this list as the largest U.S. city to have each of its city-owned buildings and facilities powered by renewable energy resources. That’s to say that 100% of all municipal buildings have drawn their energy from renewable power sources since 2011. Austin City Council passed Resolution 20140410-024 into law, establishing a time frame for net-zero emissions for its city facilities by 2050 or earlier. The renewable power is sourced, through Austin Energy, the seventh-largest municipal utility in the US, from six utility-scale solar farms from across Texas.

Dominion Energy - Home Builder Gas Appliance Rebate Program

Value:Varies

The Municipality of San Marcos provides a Distributed Generation Rebate Program for the costs associated with installing grid-tied renewable energy systems. To qualify for the Distributed Generation Rebate Program you must be a San Marcos Electric Utility (SMEU) customer in addition to being pre-approved by this utility. Single-family dwellings are required to meet certain energy requirements as specified by the utility. All systems must be installed to professional specifications. More specific details are supplied on the program website.

Are solar panels worth it in Utah?

If your intention is to stay in your home beyond the solar payback period, installing solar panels is a wise option in Richfield. In Richfield, UT, the installation of a 5 kW solar system can save you an average of $9,287.2 over 20 years, with an average break even point of 11 years.

The cost of not having solar panels in Richfield, UT

In addition to missing out on the savings mentioned above, not having solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. As shown by recent news stories, complete dependence on your utility company isn't always ideal.

In recent years, customers in Richfield have typically faced 1.05 utility outages per year. The average duration of each outage is 106.74 minutes. During severe events like equipment failure, tornadoes or construction accidents, these times can grow significantly longer.

A solar panel system, with or without a backup battery, could mitigate the effects of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Sevier County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Richfield, UT?

Your Energy Needs - The cost per watt declines with larger solar panel systems, even if the upfront cost is larger. Consumers often discover that setting up a solar system that can replace their entire electric bill is useful, resulting in significant savings.

Make & Model - Just like any other product, solar panels are available in a range of makes and models. The installer’s preference for brand makes it important to select a highly rated contractor. Superior equipment generally provide an better long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels are generally accepted as the industry standard, and for valid reasons. They are pricier but produce more energy. Many professionals in solar installation utilize panels constructed from this material.

Your Property - Elements such as rough terrain, trees, or additional considerations might complicate the installation process. Solar installers now have the ability to use satellite images to evaluate your home and include these factors in the first cost estimate.

Labor Rates - Companies pay varying pay rates to their employees, which are then reflected in the prices consumers pay. It is frequently observed that companies with higher wages get superior reviews for their services and customer service.

Permitting & Interconnection - The cost of your installation will be impacted by the local permitting and utility interconnection fees, which vary depending on the area. Quality local installers will include these figures in your preliminary estimates to provide transparency.

See what solar panels cost in other UT cities

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Who are the best solar installers in Richfield?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Douglass Colony Group

Commerce City, CO(877) 288-0650

Services

  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.

IonSOLAR

Provo, UT(888) 781-7074

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Spring Solar

Bluffdale, UT(801) 520-0955

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Hunt Electric

Salt Lake City, UT(801) 975-8844

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Summit Energy Group

Weymouth Town, MA(888) 578-6648

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Creative Energies

Salt Lake City, UT(801) 487-6489

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Bright Skies

Pleasant Grove, UT(608) 293-1163

Services

  • Solar systems for selling electricity back to the grid.
  • Reparation of batteries.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Fluent Solar

Lindon, UT(866) 736-1253

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Knight Electric

Ogden, UT(801) 782-8219

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Richfield, UT Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Richfield, UT as of October, 2024 is $3.16/W. For a 5 kW solar panel system, the total cost in Richfield, UT after federal tax credits is around $11,060.
  • Various utility providers and government organizations in Utah are offering 13 rebates and incentives at this time. Additionally, the vast majority qualify for the 30% federal tax credit.
  • Cash payments yield the highest savings, yet numerous financing options now available for solar panels are financially beneficial as well. Your preliminary quotes will usually include financing options available through installers.
  • Yes, on average, the return on investment for 5 kW solar panel systems in Richfield, UT is achieved in 11 years, with electricity savings amounting to $9,287.2 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01