Solar power in Herriman, Utah
Rocky Mountain Power offers a net metering program for systems up to 25kW for its customers in Herriman.
In Utah you are eligible for a 25% state tax credit up to $2,000. First you subtract your federal tax credit, and after that the state level credit.
Rocky Mountain Power is trying hard to kill off net metering and other incentives so it's best to act now!
Net Metering Broken Down
Power exported to RMP's grid is credited at their retail power rate and, if more power in a month is exported than consumed the credits apply to a future bill and at the end of that 12 month cycle RMP must donate your excess exported kWhs - instead of crediting you - to their low income projects. If you are a commercial customer the utility will credit you directly at the end of the 12 months.
The average cost of installing residential solar panels in Herriman,
Utah in 2024 is
$2.67 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Herriman, UT
is $13,350.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Utah is only 793kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Herriman solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Utah solar savings calculator can do this because it contains a database of the electric rates charged by City of Murray, PacifiCorp
How much can solar panels save you in Herriman
What does the cost of a real solar system look like?
Facts about installing a 11.84kW solar system in Herriman, UT
This system would offset 100% of your energy usage if your typical monthly bill is $161, however your situation may vary so try our Herriman solar calculator to get a result tailored to you.
$19,844
Net cost of system
8 Years 7 Months
Average payback time
16,512 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
21¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 11.84kW system
Life-time savings on this system over the next 25 years
$57,262
(Prices shown after repayments of capital)
83
Solar companies in Herriman, UT that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Herriman
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,371 | $6,881 |
| 4kw | $8,288 | $8,951 |
| 5kw | $10,101 | $10,909 |
| 6kw | $11,855 | $12,803 |
| 7kw | $13,468 | $14,545 |
| 8kw | $14,978 | $16,176 |
| 9kw | $16,450 | $17,766 |
| 10kw | $17,760 | $19,181 |
Find out what system size you need for your home
Going solar in Utah
Check out all of the ways energy providers of Utah can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Renewable Energy Systems State Tax Credit | State | Personal Tax Credit |
| Net Billing | State | Net Metering |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
