Solar Panel Cost Guide in Oregon, IL (2024 Update)
- Oregon Solar Installation Cost: $17,094
- 25-Year Savings: $10,200
- Payback Period: 18.9 Years
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Average Cost of Solar Panels in Oregon
We break down average solar pricing in Oregon.
While the national average of solar panels is $2.66 per watt, solar panels in Oregon typically cost about 4.Using this figure, a typical 6.5-kW system would cost about $17,094 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will look different based on your energy needs and what company you choose to go with.For most homeowners, the upfront investment in solar power is worth paying. On average Oregon homeowners see about $13,000 in savings on energy bills over 20 years.
To get a free quote from a top solar installer in Oregon, you can click the button below.
Solar savings over time in Oregon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,938 |
| 3 years | $-13,626 |
| 5 years | $-11,313 |
| 7 years | $-9,001 |
| 9 years | $-6,689 |
| 11 years | $-4,376 |
| 13 years | $-2,064 |
| 15 years | $248 |
| 17 years | $2,561 |
| 19 years | $4,873 |
| 21 years | $7,186 |
| 23 years | $9,498 |
| 25 years | $11,810 |
Top Solar Installers in Oregon
When switching to solar energy, many homeowners opt to go with a solar installer since putting up a solar system yourself can be a challenging project. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Oregon
Factors that Affect Solar Panel Costs in Oregon
For many Oregon homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Oregon, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $3,760 per kilowatt in Oregon.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Oregon average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.While solar loans make adopting solar energy more accessible for Oregon homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can affect the cost. Oregon’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.91 | $16,424 | $4,465 | 19.7 years |
| 8 kW | $3.84 | $21,477 | $6,375 | 19.3 years |
| 10 kW | $3.76 | $26,320 | $8,495 | 18.9 years |
| 12 kW | $3.68 | $30,952 | $10,826 | 18.5 years |
| 14 kW | $3.61 | $35,374 | $13,367 | 18.1 years |
| 16 kW | $3.53 | $39,585 | $16,119 | 17.8 years |
| 18 kW | $3.46 | $43,586 | $19,081 | 17.4 years |
| 20 kW | $3.38 | $47,376 | $22,254 | 17.0 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Oregon, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Warranty: If you’re concerned about the endurance of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Oregon, IL Solar Cost FAQs
What is the average cost of installing solar panels in Oregon?
The average cost of solar panels in Oregon is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
Solar panels can increase your home value significantly 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 a solar system."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.