Solar Panel Cost Guide in North Bend, OR (2024 Update)
- North Bend Solar Installation Cost: $9,524
- 25-Year Savings: $15,224
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in North Bend
Find out what the average cost of solar panel installation is in North Bend.
While the national average of solar panels is $2.66 per watt, solar panels in North Bend typically cost around 4.Using this figure, a typical 3.9-kW system would cost about $9,524 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you may differ based on your energy needs and what company you want to go with.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $23,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in North Bend that can help you get a more accurate cost estimate for your home.
Solar savings over time in North Bend
| Year | Return on Investment |
|---|---|
| 1 years | $-8,315 |
| 3 years | $-5,896 |
| 5 years | $-3,478 |
| 7 years | $-1,059 |
| 9 years | $1,359 |
| 11 years | $3,778 |
| 13 years | $6,197 |
| 15 years | $8,615 |
| 17 years | $11,034 |
| 19 years | $13,452 |
| 21 years | $15,871 |
| 23 years | $18,290 |
| 25 years | $20,708 |
Top Solar Installers in North Bend
Many homeowners opt for a solar installer since installing solar panels yourself can be a labor-intensive endeavor. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 North Bend
Factors that Affect Solar Panel Costs in North Bend
For many North Bend homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in North Bend, 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over five to seven years on average.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in North Bend, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $19,388 | 11.0 years |
| 8 kW | $3.57 | $19,992 | $26,242 | 10.8 years |
| 10 kW | $3.50 | $24,500 | $33,293 | 10.6 years |
| 12 kW | $3.43 | $28,812 | $40,539 | 10.4 years |
| 14 kW | $3.36 | $32,928 | $47,982 | 10.2 years |
| 16 kW | $3.29 | $36,848 | $55,620 | 10.0 years |
| 18 kW | $3.22 | $40,572 | $63,455 | 9.8 years |
| 20 kW | $3.15 | $44,100 | $71,485 | 9.5 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- 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.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 North Bend, OR Solar Cost FAQs
How much does it cost to install solar panels in North Bend?
The average cost of solar panels in North Bend 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in North Bend?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in North Bend?
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 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.