Solar Panels Cost 4.7k-14k in Riverton, UT | October, 2024

Solar Panels Cost $4.7k-$14k in Riverton, UT | October, 2024

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

In Riverton, UT in October, 2024, the current price per watt for solar panel installations is estimated at $3.38/W

In accordance with this rate, expect to pony up $3,380, on average, for every 1000 watts (or 1 kW) of solar energy your solar system can produce. In Riverton, you can expect to spend approximately $11,830 for a 5 kW solar installation once the 30% federal income tax credit is factored in. It should be noted that a larger system could be necessary to adequately cover your energy requirements.

Choose your county from the menu on the left to find out the typical roof size and maximum solar panel capacity for homes in your area. Shown below is a breakdown of the price, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Riverton: $11,830US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Riverton: 12 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Riverton: $3,447US Average: $15,784

Solar Potential in Riverton

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

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 13.8kkWh AC per yr.

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

In Riverton, energy consumers usually see an average electric bill of $84.78 each month, with an average consumption of 750 kWh. Flats and other smaller residences with reduced energy requirements are included in this data.

The average rate for electricity in Riverton, UT during October, 2024 is 11.3¢ per kWh.

Typical citizens in Riverton may need a solar panel system of 6 kW or larger to cover their entire electricity consumption requirements. Before any incentives, a 6 kWsolar system is priced at approximately $20,280, after the 30% federal tax credit, the final cost is $14,196.

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Average solar panel costs by system size in Riverton

Shown on the left and below is the cost analysis for multiple sizes of solar panel systems installed in Riverton. The initial cost for more extensive solar systems is higher, but they also provide more significant electricity savings and larger income tax credits.

The solar panel cost calculator below and to the right details costs and benefits, using an average $84.78 electric bill in Riverton For results that are more specific to you, modify the $84.78 to reflect your typical electricity bill.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $364 a year
Est. Price
$4,732
Savings from a 2kWthis system
  • Est. yearly production 3,306 kWh
  • Est. monthly savings $30
  • Full payback in 5 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
$7,098
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
$9,464
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
$11,830
Savings from a 5kWthis system
  • Est. yearly production 8,265 kWh
  • Est. monthly savings $76
  • Full payback in 12 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
$14,196
Savings from a 6kWthis system
  • Est. yearly production 9,918 kWh
  • Est. monthly savings $85
  • Full payback in 14 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

Riverton Solar Panel Installation Incentives & Rebates | 2024

If you own a plot or small business in a rural area, the REAP Grant might cover between 80% and 100% of your photovoltaic or wind turbine installation costs. Wondering about your eligibility? Use our REAP Grant eligibility tool to check.

Adding residential solar panels comes with a 30% federal tax credit, available to most homeowners, making it a good option for many areas throughout the United States. Apart from the federal incentives, state and local programs also work to boost solar energy uptake.

A total of 13 solar incentive and rebate initiatives are available in Utah from multiple utilities and government bodies.

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?

For those in Riverton looking to stay in their homes past the payback period of their solar system, solar panels make excellent sense. With a 5 kW solar system in Riverton, UT, the average savings over a 20 period is $8,517.2, with break even generally occurring at 12 years.

The cost of not having solar panels in Riverton, UT

Besides missing out on the savings outlined above, not installing solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. Recent news examples have indicated that complete dependence on your utility provider isn't always ideal.

Every year, customers in Riverton face approximately 1.05 outages each year. Outages typically last for an average of 106.74 minutes. Major occurrences like hurricanes, wildlife damage, or grid management errors can lead to a significant rise in these time frames.

Whether it comes with a backup battery or not, a solar panel system could reduce the strain of any future power interruptions you may encounter.

Power Outages

Currently, 0 customers are being tracked in Salt Lake County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt declines as the size of the system grows. Installing a solar system that makes sufficient electricity to eliminate their electric bill is beneficial to most individuals, ensuring savings.

Make & Model - Solar panels and mounting equipment, like many other products, are offered in a variety of makes and models. The brand preferences of your selected installer can make it crucial to choose a highly rated company. The selection of better equipment can greatly better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have become the industry standard, and it's easy to see why. Even with a higher cost, this technology generate more energy. Most installers opt for panels crafted using this material.

Your Property - Each property and home has its own characteristics. Factors such as uneven land, trees, or other obstacles can make the installation more challenging. These days, solar installers can utilize satellite images to evaluate your home and include these considerations into the preliminary cost estimate.

Labor Rates - Companies remunerate their employees in varying amounts, and these costs are transferred to consumers. It is frequently observed that businesses with higher wages receive superior reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will be influenced by changing local permitting and utility interconnection fees. That said, quality local installers will be able to build these numbers into your initial quotes so there are no surprises.

See what solar panels cost in other UT cities

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Who are the best solar installers in Riverton?

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

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

Powur PBC

Del Mar, CA(866) 467-6987

Services

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

IonSOLAR

Provo, UT(888) 781-7074

Services

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

Spring Solar

Bluffdale, UT(801) 520-0955

Services

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

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.

Gardner Energy

West Haven, UT(801) 689-2618

Services

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

Creative Energies

Salt Lake City, UT(801) 487-6489

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Bright Skies

Pleasant Grove, UT(608) 293-1163

Services

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

Fluent Solar

Lindon, UT(866) 736-1253

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

Knight Electric

Ogden, UT(801) 782-8219

Services

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

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

Badass Energy

Claremont, CA(909) 320-9860

Services

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

Riverton, UT Solar Panel Cost FAQs

  • During October, 2024, the average price for solar panel installations in Riverton, UT is $3.38/W. The installation of a 5 kW solar panel system in Riverton, UT will cost about $11,830 after federal tax credits.
  • At present, there are 13 rebates and incentives available to Utah residents from various utility and government programs. Additionally, the vast majority qualify for the 30% federal tax credit.
  • Opting for cash payments results in the highest savings, but there are now multiple financing options for solar panels that are beneficial. Your initial quotes will often contain information about financing options provided by installers.
  • Yes, the average 5 kW solar panel payback time in Riverton, UT is 12 years, with expected savings of $8,517.2 on electricity over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01