Solar Panel Cost Guide in Raleigh Hills, OR (2024 Update)
- Raleigh Hills Solar Installation Cost: $10,677
- 25-Year Savings: $14,347
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Raleigh Hills
Find out what the average cost of solar panels are in Raleigh Hills.
The national average cost of solar panels is $2.66 per watt, but in Raleigh Hills it’s 4 per watt.The average solar panel system size in Raleigh Hills is around 4.4 kilowatts, meaning a cost of about $10,677 for a solar installation, or $15,268 before the 0 federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Raleigh Hills depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire.With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Raleigh Hills find installing solar panels can pay off big.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Raleigh Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-9,273 |
| 3 years | $-6,464 |
| 5 years | $-3,655 |
| 7 years | $-845 |
| 9 years | $1,964 |
| 11 years | $4,773 |
| 13 years | $7,582 |
| 15 years | $10,391 |
| 17 years | $13,200 |
| 19 years | $16,009 |
| 21 years | $18,818 |
| 23 years | $21,627 |
| 25 years | $24,436 |
Top Solar Installers in Raleigh Hills
Many homeowners opt for a solar installation company since trying to install solar panels yourself can be a lot of work. Plus, if you’re not certain what type of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar company in Raleigh Hills, the EcoWatch team has put together a list of our top suggestions here:
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 Raleigh Hills
Factors that Affect Solar Panel Costs in Raleigh Hills
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,500 per kilowatt in Raleigh Hills.The type of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to decide on 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 for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can play a part in determining your pricing. Raleigh Hills’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $15,643 | 12.4 years |
| 8 kW | $3.57 | $19,992 | $21,250 | 12.1 years |
| 10 kW | $3.50 | $24,500 | $27,052 | 11.9 years |
| 12 kW | $3.43 | $28,812 | $33,051 | 11.6 years |
| 14 kW | $3.36 | $32,928 | $39,245 | 11.4 years |
| 16 kW | $3.29 | $36,848 | $45,636 | 11.2 years |
| 18 kW | $3.22 | $40,572 | $52,222 | 10.9 years |
| 20 kW | $3.15 | $44,100 | $59,005 | 10.7 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. Since selecting a company can be difficult, 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 in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
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 Raleigh Hills, OR Solar Cost FAQs
What is the average cost of installing solar panels in Raleigh Hills?
The average cost of solar panels in Raleigh Hills 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Raleigh Hills?
You can’t get solar panels for free in Raleigh Hills. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
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 $1,031.05 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.