Solar Panel Cost Guide in Silverton, OR (2024 Update)
- Silverton Solar Installation Cost: $10,293
- 25-Year Savings: $14,640
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Silverton
We go over average solar pricing in Silverton.
The national average cost of solar panels is $2.66 per watt, but in Silverton it’s 4 per watt.Using this figure, a typical 4.2-kW system would cost about $10,293 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Silverton depending on several factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Silverton can save around $21,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Silverton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,083 |
| 3 years | $-6,665 |
| 5 years | $-4,246 |
| 7 years | $-1,828 |
| 9 years | $591 |
| 11 years | $3,010 |
| 13 years | $5,428 |
| 15 years | $7,847 |
| 17 years | $10,266 |
| 19 years | $12,684 |
| 21 years | $15,103 |
| 23 years | $17,521 |
| 25 years | $19,940 |
Top Solar Installers in Silverton
Installing solar panels on your own can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance in the long run.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some 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 Silverton
Factors that Affect Solar Panel Costs in Silverton
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Silverton: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need 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.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Silverton, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over five to seven years on average.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $16,799 | 11.9 years |
| 8 kW | $3.57 | $19,992 | $22,791 | 11.7 years |
| 10 kW | $3.50 | $24,500 | $28,978 | 11.5 years |
| 12 kW | $3.43 | $28,812 | $35,362 | 11.2 years |
| 14 kW | $3.36 | $32,928 | $41,942 | 11.0 years |
| 16 kW | $3.29 | $36,848 | $48,717 | 10.8 years |
| 18 kW | $3.22 | $40,572 | $55,689 | 10.5 years |
| 20 kW | $3.15 | $44,100 | $62,857 | 10.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
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 Silverton, OR Solar Cost FAQs
What is the average cost of installing solar panels in Silverton?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,500 for a 5-kW system and $35,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Silverton, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.