Solar Panel Cost Guide in Eagle Point, OR (2024 Update)
- Eagle Point Solar Installation Cost: $8,870
- 25-Year Savings: $15,722
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Eagle Point
We break down average solar pricing in Eagle Point.
In Eagle Point, solar panels cost about 4 per watt on average.Since a 3.6-kW system is needed to cover the energy usage of a typical home in Eagle Point, the average price of going solar will be about $8,870 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Eagle Point homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Eagle Point see about $25,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Eagle Point that can help you get a more accurate cost estimate for your home.
Solar savings over time in Eagle Point
| Year | Return on Investment |
|---|---|
| 1 years | $-7,661 |
| 3 years | $-5,242 |
| 5 years | $-2,824 |
| 7 years | $-405 |
| 9 years | $2,014 |
| 11 years | $4,432 |
| 13 years | $6,851 |
| 15 years | $9,269 |
| 17 years | $11,688 |
| 19 years | $14,107 |
| 21 years | $16,525 |
| 23 years | $18,944 |
| 25 years | $21,363 |
Top Solar Installers in Eagle Point
When going solar, many homeowners decide to go with a solar installer since putting up a solar system yourself can be a time-consuming project. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be best for your family.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Eagle Point:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Eagle Point
Factors that Affect Solar Panel Costs in Eagle Point
There are several criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The model of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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 into a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Eagle Point homeowners opt to finance their solar panel systems to offset upfront costs.While solar loans make adopting solar energy more accessible for Eagle Point homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Eagle Point is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different price points.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you’re looking for and also is within your budget.
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 | $21,945 | 10.3 years |
| 8 kW | $3.57 | $19,992 | $29,652 | 10.1 years |
| 10 kW | $3.50 | $24,500 | $37,555 | 9.9 years |
| 12 kW | $3.43 | $28,812 | $45,654 | 9.7 years |
| 14 kW | $3.36 | $32,928 | $53,949 | 9.5 years |
| 16 kW | $3.29 | $36,848 | $62,440 | 9.3 years |
| 18 kW | $3.22 | $40,572 | $71,127 | 9.1 years |
| 20 kW | $3.15 | $44,100 | $80,010 | 8.9 years |
How to Save on Solar Panels
There are many companies to choose from in Eagle Point, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Eagle Point, OR Solar Cost FAQs
How much does it cost to install solar panels in Eagle Point?
The average cost of solar panels in Eagle Point is about $17,500 for a 5-kW system and $35,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Eagle Point?
You can’t get solar panels for free in Eagle Point. 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 rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Eagle Point?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Eagle Point?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.