Solar Panel Cost Guide in Veneta, OR (2024 Update)
- Veneta Solar Installation Cost: $9,753
- 25-Year Savings: $15,050
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Veneta
Here’s how much it might cost to install solar panels in Veneta.
In Veneta, solar panels cost about 4 per watt on average.Because a 4.0-kW system is needed to cover the energy usage of a typical home in Veneta, the average price of going solar will be about $9,753 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Veneta see about $23,000 in savings on electricity bills over 20 years.
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 Veneta
| Year | Return on Investment |
|---|---|
| 1 years | $-8,635 |
| 3 years | $-6,399 |
| 5 years | $-4,163 |
| 7 years | $-1,927 |
| 9 years | $309 |
| 11 years | $2,545 |
| 13 years | $4,781 |
| 15 years | $7,017 |
| 17 years | $9,253 |
| 19 years | $11,489 |
| 21 years | $13,725 |
| 23 years | $15,961 |
| 25 years | $18,197 |
Top Solar Installers in Veneta
Many homeowners choose to hire a solar panel company since figuring out how to install solar panels yourself can be hard. Some solar companies, especially local ones, can help you take advantage of incentives in Veneta, thereby optimizing your ROI.
If you're searching for a solar installer in Veneta, the EcoWatch team has organized a list of our top suggestions here:
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 Veneta
Factors that Affect Solar Panel Costs in Veneta
There are a number of criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant 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 power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,500 per kilowatt in Veneta.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Veneta homeowners opt to finance their solar panel systems to make paying for solar more affordable.While solar loans make switching to solar energy more accessible for Veneta homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Veneta is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $18,574 | 11.3 years |
| 8 kW | $3.57 | $19,992 | $25,157 | 11.1 years |
| 10 kW | $3.50 | $24,500 | $31,936 | 10.9 years |
| 12 kW | $3.43 | $28,812 | $38,912 | 10.6 years |
| 14 kW | $3.36 | $32,928 | $46,083 | 10.4 years |
| 16 kW | $3.29 | $36,848 | $53,450 | 10.2 years |
| 18 kW | $3.22 | $40,572 | $61,013 | 10.0 years |
| 20 kW | $3.15 | $44,100 | $68,773 | 9.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
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 Veneta, OR Solar Cost FAQs
What is the average cost of installing solar panels in Veneta?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,500 for a 5-kW system and $35,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Veneta?
Solar panels aren’t free in Veneta, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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 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.