Solar Panel Cost Guide in Sheridan, OR (2024 Update)
- Sheridan Solar Installation Cost: $10,501
- 25-Year Savings: $14,481
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Sheridan
We break down average solar pricing in Sheridan.
In Sheridan, solar panels cost about 4 per watt on average.The average Sheridan homeowner needs a 4.3-kilowatt system, which would cost about $10,501 with the federal tax credit, or $15,016 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar system you choose, your solar contractor and more.Even with the significant initial cost, the average Sheridan homeowner can save about $21,000 on their energy bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Sheridan
| Year | Return on Investment |
|---|---|
| 1 years | $-9,292 |
| 3 years | $-6,873 |
| 5 years | $-4,455 |
| 7 years | $-2,036 |
| 9 years | $382 |
| 11 years | $2,801 |
| 13 years | $5,220 |
| 15 years | $7,638 |
| 17 years | $10,057 |
| 19 years | $12,476 |
| 21 years | $14,894 |
| 23 years | $17,313 |
| 25 years | $19,731 |
Top Solar Installers in Sheridan
Many homeowners decide to hire a solar panel company since trying to install solar panels by yourself can be hard. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a licensed solar company 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 Sheridan
Factors that Affect Solar Panel Costs in Sheridan
The cost of installing a solar system in Sheridan can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
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 energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,500 per kilowatt in Sheridan.There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far 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 Sheridan to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time because of interest.Though solar loans make going solar more accessible for Sheridan homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you select will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that has 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 | $16,162 | 12.2 years |
| 8 kW | $3.57 | $19,992 | $21,941 | 11.9 years |
| 10 kW | $3.50 | $24,500 | $27,916 | 11.7 years |
| 12 kW | $3.43 | $28,812 | $34,088 | 11.5 years |
| 14 kW | $3.36 | $32,928 | $40,455 | 11.2 years |
| 16 kW | $3.29 | $36,848 | $47,018 | 11.0 years |
| 18 kW | $3.22 | $40,572 | $53,777 | 10.8 years |
| 20 kW | $3.15 | $44,100 | $60,733 | 10.5 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Sheridan, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
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 Sheridan, OR Solar Cost FAQs
How much does it cost to install solar panels in Sheridan?
The average cost of solar panels in Sheridan 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Sheridan?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility 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 Sheridan?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.