Solar Panel Cost Guide in Wood Village, OR (2024 Update)
- Wood Village Solar Installation Cost: $10,692
- 25-Year Savings: $14,336
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Wood Village
We go over average solar pricing in Wood Village.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wood Village, the average cost of a solar system is 4 per watt.Using this figure, a typical 4.4-kW system would cost about $10,692 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Wood Village homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Wood Village can save around $21,000 on their energy bills over 20 years.
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 Wood Village
| Year | Return on Investment |
|---|---|
| 1 years | $-9,288 |
| 3 years | $-6,479 |
| 5 years | $-3,670 |
| 7 years | $-860 |
| 9 years | $1,949 |
| 11 years | $4,758 |
| 13 years | $7,567 |
| 15 years | $10,376 |
| 17 years | $13,185 |
| 19 years | $15,994 |
| 21 years | $18,803 |
| 23 years | $21,612 |
| 25 years | $24,421 |
Top Solar Installers in Wood Village
Many homeowners decide to use a solar installer since trying to put up solar panels yourself can be challenging. Some solar companies, especially local ones, can help you better understand incentives in Wood Village, optimizing your ROI.
You can get a free estimate from a local solar installer on how much your investment in solar 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 Wood Village
Factors that Affect Solar Panel Costs in Wood Village
For many Wood Village homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Wood Village, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions 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 for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Wood Village to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can play a role in determining the cost. Wood Village’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $15,600 | 12.4 years |
| 8 kW | $3.57 | $19,992 | $21,192 | 12.1 years |
| 10 kW | $3.50 | $24,500 | $26,980 | 11.9 years |
| 12 kW | $3.43 | $28,812 | $32,964 | 11.7 years |
| 14 kW | $3.36 | $32,928 | $39,144 | 11.4 years |
| 16 kW | $3.29 | $36,848 | $45,520 | 11.2 years |
| 18 kW | $3.22 | $40,572 | $52,092 | 10.9 years |
| 20 kW | $3.15 | $44,100 | $58,860 | 10.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
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 Wood Village, OR Solar Cost FAQs
What is the average cost of installing solar panels in Wood Village?
The average cost of solar panels in Wood Village 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a key 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 consider are the quality and durability of your solar panels.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.