Solar Panel Cost Guide in Oatfield, OR (2024 Update)
- Oatfield Solar Installation Cost: $10,076
- 25-Year Savings: $14,805
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Oatfield
Let’s have a look at the average cost of solar in Oatfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Oatfield, the typical cost of a solar system is 4 per watt.The average solar panel system size in Oatfield is around 4.1 kilowatts, meaning a cost of about $10,076 for a solar installation, or $14,409 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of equipment you choose, your solar contractor and more.Despite the large upfront cost, the average Oatfield homeowner can save about $22,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a top solar installation company in Oatfield, you can click the button below.
Solar savings over time in Oatfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,671 |
| 3 years | $-5,862 |
| 5 years | $-3,053 |
| 7 years | $-244 |
| 9 years | $2,565 |
| 11 years | $5,374 |
| 13 years | $8,183 |
| 15 years | $10,992 |
| 17 years | $13,802 |
| 19 years | $16,611 |
| 21 years | $19,420 |
| 23 years | $22,229 |
| 25 years | $25,038 |
Top Solar Installers in Oatfield
Although you can install solar panels on your own, it takes extra energy and handiness. That's why almost all homeowners choose to hire a solar panel installer. The payback period of solar panels will vary based on factors like your location and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers nearby:
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 Oatfield
Factors that Affect Solar Panel Costs in Oatfield
The cost of installing a solar system in Oatfield can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. 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.There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Oatfield to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest.When estimating 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 lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Oatfield, and each can charge different amounts for labor and equipment.Some companies 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 find a company that offers the products, warranties and services you want and also fit into 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 | $17,490 | 11.7 years |
| 8 kW | $3.57 | $19,992 | $23,712 | 11.4 years |
| 10 kW | $3.50 | $24,500 | $30,130 | 11.2 years |
| 12 kW | $3.43 | $28,812 | $36,744 | 11.0 years |
| 14 kW | $3.36 | $32,928 | $43,554 | 10.8 years |
| 16 kW | $3.29 | $36,848 | $50,560 | 10.5 years |
| 18 kW | $3.22 | $40,572 | $57,762 | 10.3 years |
| 20 kW | $3.15 | $44,100 | $65,160 | 10.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose significantly influences your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, completion 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 Oatfield, OR Solar Cost FAQs
How much does it cost to install solar panels in Oatfield?
The average cost of solar panels in Oatfield 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 like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Oatfield have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Oatfield?
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 how much energy they produce will have decreased significantly after that point. You can opt 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.