Solar Panel Cost Guide in Talent, OR (2024 Update)
- Talent Solar Installation Cost: $8,870
- 25-Year Savings: $15,722
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Talent
Here’s how much it might cost to switch to solar power in Talent.
While the national average of solar panels is $2.66 per watt, solar panels in Talent typically cost around 4.Since a 3.6-kW system is needed to cover the energy costs of a typical home in Talent, the average price of going solar will be about $8,870 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy usage and what company you go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $25,000 over 20 years on electricity bills.
To get a free estimate from a highly rated solar company in Talent, you can click the button below.
Solar savings over time in Talent
| Year | Return on Investment |
|---|---|
| 1 years | $-7,661 |
| 3 years | $-5,242 |
| 5 years | $-2,824 |
| 7 years | $-405 |
| 9 years | $2,014 |
| 11 years | $4,432 |
| 13 years | $6,851 |
| 15 years | $9,269 |
| 17 years | $11,688 |
| 19 years | $14,107 |
| 21 years | $16,525 |
| 23 years | $18,944 |
| 25 years | $21,363 |
Top Solar Installers in Talent
Although it's possible to install solar panels by yourself, it takes extra effort and know-how. Because of that, almost all homeowners choose to go with a solar panel installer. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Talent:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Talent
Factors that Affect Solar Panel Costs in Talent
For many Talent homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Talent, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant 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 consumes, the larger your system will likely need to be. You can expect to spend around $3,500 per kilowatt in Talent.The kind of solar panels and equipment you want is another factor that will significantly 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 think about 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 into a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Talent homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Talent, and each can charge varying amounts for labor and equipment.Additionally, some companies in Talent are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $21,945 | 10.3 years |
| 8 kW | $3.57 | $19,992 | $29,652 | 10.1 years |
| 10 kW | $3.50 | $24,500 | $37,555 | 9.9 years |
| 12 kW | $3.43 | $28,812 | $45,654 | 9.7 years |
| 14 kW | $3.36 | $32,928 | $53,949 | 9.5 years |
| 16 kW | $3.29 | $36,848 | $62,440 | 9.3 years |
| 18 kW | $3.22 | $40,572 | $71,127 | 9.1 years |
| 20 kW | $3.15 | $44,100 | $80,010 | 8.9 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Talent, 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:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project completion timeline.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Talent, OR Solar Cost FAQs
What is the average cost of installing solar panels in Talent?
The average cost of solar panels in Talent 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Talent?
Solar panels aren’t free in Talent, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will installing solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Talent is currently $426,000, which means you can look forward to a value of about $17,466 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Talent is a rewarding investment.
How often do you have to replace solar panels?
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 decide 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.