Solar Panel Cost Guide in Creswell, OR (2024 Update)
- Creswell Solar Installation Cost: $9,753
- 25-Year Savings: $15,050
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Creswell
See how much it might cost to install solar panels in Creswell.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Creswell, the typical cost of a solar system is 4 per watt.Using this figure, a typical 4.0-kW system would cost about $9,753 before the 0 federal solar tax credit is applied.
The true price you pay can go above or below the average in Creswell based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.Many homeowners find going solar is a fruitful investment. The average homeowner in Creswell can save around $23,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Creswell
| Year | Return on Investment |
|---|---|
| 1 years | $-8,480 |
| 3 years | $-5,935 |
| 5 years | $-3,389 |
| 7 years | $-843 |
| 9 years | $1,702 |
| 11 years | $4,248 |
| 13 years | $6,794 |
| 15 years | $9,340 |
| 17 years | $11,885 |
| 19 years | $14,431 |
| 21 years | $16,977 |
| 23 years | $19,522 |
| 25 years | $22,068 |
Top Solar Installers in Creswell
When going solar, many homeowners prefer to use a solar installer since putting up solar panels yourself can be a challenging project. Another good thing about going with a vetted solar installer is that it'll provide warranties and free repairs, which help protect your investment.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Creswell
Factors that Affect Solar Panel Costs in Creswell
For many Creswell homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Creswell, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Creswell, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,500 for each additional kilowatt you need.The type of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Creswell, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Creswell, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion 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 | $3.64 | $15,288 | $18,574 | 11.3 years |
| 8 kW | $3.57 | $19,992 | $25,157 | 11.1 years |
| 10 kW | $3.50 | $24,500 | $31,936 | 10.9 years |
| 12 kW | $3.43 | $28,812 | $38,912 | 10.6 years |
| 14 kW | $3.36 | $32,928 | $46,083 | 10.4 years |
| 16 kW | $3.29 | $36,848 | $53,450 | 10.2 years |
| 18 kW | $3.22 | $40,572 | $61,013 | 10.0 years |
| 20 kW | $3.15 | $44,100 | $68,773 | 9.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you’d like to get plays a role in which company you should choose, since different companies offer different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Creswell, OR Solar Cost FAQs
What is the average cost of installing solar panels in Creswell?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $17,500 for a 5-kW system and $35,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Creswell?
You can’t get solar panels for free in Creswell. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Creswell?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.