Solar Panel Cost Guide in Wilsonville, OR (2024 Update)
- Wilsonville Solar Installation Cost: $10,368
- 25-Year Savings: $14,583
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Wilsonville
Find out what the average cost of a solar system is in Wilsonville.
The average cost of solar panels in Wilsonville is 4 per watt.The average Wilsonville homeowner needs a 4.2-kilowatt system, which would cost about $10,368 with the federal tax credit, or $14,826 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of equipment you want, your solar contractor and more.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on power bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Wilsonville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,963 |
| 3 years | $-6,154 |
| 5 years | $-3,345 |
| 7 years | $-536 |
| 9 years | $2,273 |
| 11 years | $5,082 |
| 13 years | $7,891 |
| 15 years | $10,700 |
| 17 years | $13,509 |
| 19 years | $16,319 |
| 21 years | $19,128 |
| 23 years | $21,937 |
| 25 years | $24,746 |
Top Solar Installers in Wilsonville
When going solar, many homeowners decide to go with a solar installer since installing solar panels yourself can be a difficult project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
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 near you:
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 Wilsonville
Factors that Affect Solar Panel Costs in Wilsonville
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Wilsonville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want 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
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Wilsonville homeowners opt to finance their solar panel systems to make going solar more affordable.It’s a good idea 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
Finally, the company you opt for to install your solar panel system can impact your pricing. Wilsonville’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-efficiency and high-priced products — 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 offers the products, warranties and services you’re looking for 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 | $16,567 | 12.0 years |
| 8 kW | $3.57 | $19,992 | $22,481 | 11.8 years |
| 10 kW | $3.50 | $24,500 | $28,591 | 11.5 years |
| 12 kW | $3.43 | $28,812 | $34,897 | 11.3 years |
| 14 kW | $3.36 | $32,928 | $41,400 | 11.1 years |
| 16 kW | $3.29 | $36,848 | $48,098 | 10.8 years |
| 18 kW | $3.22 | $40,572 | $54,992 | 10.6 years |
| 20 kW | $3.15 | $44,100 | $62,082 | 10.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- 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 good company.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
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 Wilsonville, OR Solar Cost FAQs
How much does it cost to install solar panels in Wilsonville?
This is a tough question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wilsonville is currently $642,601, which means you could be looking at a value of about $26,347 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wilsonville is a fruitful 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 are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having 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.