Solar Panel Cost Guide in Camano, WA (2024 Update)
- Camano Solar Installation Cost: $11,854
- 25-Year Savings: $9,952
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in Camano
Let’s have a look at the average cost of solar panels in Camano.
The average cost of solar panels in Camano is 4 per watt.To cover the typical energy needs of the average home in Camano, most homeowners require a 4.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,854, or $16,951 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Camano homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $16,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a customized estimate.
Solar savings over time in Camano
| Year | Return on Investment |
|---|---|
| 1 years | $-10,652 |
| 3 years | $-8,247 |
| 5 years | $-5,843 |
| 7 years | $-3,438 |
| 9 years | $-1,034 |
| 11 years | $1,371 |
| 13 years | $3,775 |
| 15 years | $6,180 |
| 17 years | $8,584 |
| 19 years | $10,988 |
| 21 years | $13,393 |
| 23 years | $15,797 |
| 25 years | $18,202 |
Top Solar Installers in Camano
When switching to solar energy, many homeowners prefer to hire a solar installation company since overseeing your solar installation yourself can be a time-consuming project. The payback period on a solar system will vary depending on factors like your roof configuration and energy consumption, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
If you're looking for a solar company in Camano, the EcoWatch team has compiled a list of our top suggestions here:
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 Camano
Factors that Affect Solar Panel Costs in Camano
For many Camano homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Camano, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,590. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Camano average.
Solar Financing Terms
Many homeowners find the average cost of solar in Camano to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also adds to your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Camano know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $3.73 | $15,681 | $8,157 | 16.4 years |
| 8 kW | $3.66 | $20,506 | $11,278 | 16.1 years |
| 10 kW | $3.59 | $25,130 | $14,601 | 15.8 years |
| 12 kW | $3.52 | $29,553 | $18,124 | 15.5 years |
| 14 kW | $3.45 | $33,775 | $21,848 | 15.2 years |
| 16 kW | $3.37 | $37,796 | $25,773 | 14.9 years |
| 18 kW | $3.30 | $41,615 | $29,900 | 14.5 years |
| 20 kW | $3.23 | $45,234 | $34,227 | 14.2 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Warranty: If you care about the durability of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before you sign a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
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 Camano, WA Solar Cost FAQs
How much does it cost to install solar panels in Camano?
The average cost of solar panels in Camano is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Camano?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 cover 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.