Solar Panel Cost Guide in Philomath, OR (2024 Update)
- Philomath Solar Installation Cost: $10,234
- 25-Year Savings: $14,684
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Philomath
Let’s take a look at the average cost of solar in Philomath.
Although the national average of solar panels is $2.66 per watt, solar panels in Philomath generally cost around 4.Using this figure, a typical 4.2-kW system would cost about $10,234 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Philomath homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Philomath see about $22,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Philomath
| Year | Return on Investment |
|---|---|
| 1 years | $-9,025 |
| 3 years | $-6,606 |
| 5 years | $-4,187 |
| 7 years | $-1,769 |
| 9 years | $650 |
| 11 years | $3,068 |
| 13 years | $5,487 |
| 15 years | $7,906 |
| 17 years | $10,324 |
| 19 years | $12,743 |
| 21 years | $15,162 |
| 23 years | $17,580 |
| 25 years | $19,999 |
Top Solar Installers in Philomath
Trying to install solar panels on your own can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. Another upside of going with a solar company is that they can help you optimize your ROI by reducing your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Philomath
Factors that Affect Solar Panel Costs in Philomath
The cost of installing a solar system in Philomath can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,500.The solar equipment you choose can bring your price up or down 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. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Philomath average.
Solar Financing Terms
Most solar companies in Philomath offer solar loans, which reduce the initial cost of installing a solar system.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Philomath, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price 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 choose a 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 | $16,983 | 11.8 years |
| 8 kW | $3.57 | $19,992 | $23,037 | 11.6 years |
| 10 kW | $3.50 | $24,500 | $29,286 | 11.4 years |
| 12 kW | $3.43 | $28,812 | $35,731 | 11.2 years |
| 14 kW | $3.36 | $32,928 | $42,372 | 10.9 years |
| 16 kW | $3.29 | $36,848 | $49,209 | 10.7 years |
| 18 kW | $3.22 | $40,572 | $56,242 | 10.5 years |
| 20 kW | $3.15 | $44,100 | $63,471 | 10.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you’d like to install plays a role in which company you should choose, since different companies offer different panels.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Before signing a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Philomath, OR Solar Cost FAQs
What is the average cost of installing solar panels in Philomath?
The average cost of solar panels in Philomath 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 type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Philomath?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Philomath have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates 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 many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.