Solar Panel Cost Guide in Hermiston, OR (2024 Update)
- Hermiston Solar Installation Cost: $9,982
- 25-Year Savings: $14,876
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Hermiston
We go over average solar pricing in Hermiston.
The average cost of solar panels in Hermiston is 4 per watt.Because a 4.1-kW system is needed to cover the energy costs of a typical home in Hermiston, the average price of going solar will be about $9,982 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of solar system you want, your solar contractor and more.Despite the high upfront cost, the average Hermiston homeowner can save around $22,000 on their energy bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a highly rated solar installer in your area for a customized quote.
Solar savings over time in Hermiston
| Year | Return on Investment |
|---|---|
| 1 years | $-8,773 |
| 3 years | $-6,354 |
| 5 years | $-3,936 |
| 7 years | $-1,517 |
| 9 years | $902 |
| 11 years | $3,320 |
| 13 years | $5,739 |
| 15 years | $8,157 |
| 17 years | $10,576 |
| 19 years | $12,995 |
| 21 years | $15,413 |
| 23 years | $17,832 |
| 25 years | $20,251 |
Top Solar Installers in Hermiston
Although it's possible to install solar panels on your own, it requires extra effort and knowledge. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
If you’d like to make the switch to solar but still aren’t certain which solar installer to go with, here are our suggestions for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Hermiston
Factors that Affect Solar Panel Costs in Hermiston
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Hermiston: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly 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 electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,500 per kilowatt in Hermiston.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Hermiston average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can impact the cost. Hermiston’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $17,797 | 11.6 years |
| 8 kW | $3.57 | $19,992 | $24,122 | 11.3 years |
| 10 kW | $3.50 | $24,500 | $30,642 | 11.1 years |
| 12 kW | $3.43 | $28,812 | $37,359 | 10.9 years |
| 14 kW | $3.36 | $32,928 | $44,271 | 10.7 years |
| 16 kW | $3.29 | $36,848 | $51,380 | 10.4 years |
| 18 kW | $3.22 | $40,572 | $58,684 | 10.2 years |
| 20 kW | $3.15 | $44,100 | $66,185 | 10.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should opt for, since different companies have access to different panels.
- Warranty: If you’re worried about the durability of your solar panel system, checking if 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
EcoWatch's Hermiston, OR Solar Cost FAQs
How much does it cost to install solar panels in Hermiston?
The average cost of solar panels in Hermiston is about $17,500 for a 5-kW system and $35,000 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Hermiston?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,102.85 per year.
How long do solar panels last in Hermiston?
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 larger level 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.