Solar Panel Cost Guide in Edgewood, WA (2024 Update)
- Edgewood Solar Installation Cost: $10,754
- 25-Year Savings: $10,768
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Edgewood
Find out what the average cost of a solar system is in Edgewood.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Edgewood, the average cost of a solar system is 4 per watt.Using this figure, a typical 4.3-kW system would cost about $10,754 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $18,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Edgewood for a customized quote.
Solar savings over time in Edgewood
| Year | Return on Investment |
|---|---|
| 1 years | $-9,478 |
| 3 years | $-6,926 |
| 5 years | $-4,375 |
| 7 years | $-1,823 |
| 9 years | $729 |
| 11 years | $3,281 |
| 13 years | $5,833 |
| 15 years | $8,385 |
| 17 years | $10,936 |
| 19 years | $13,488 |
| 21 years | $16,040 |
| 23 years | $18,592 |
| 25 years | $21,144 |
Top Solar Installers in Edgewood
Installing solar panels by yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be right for your family.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Edgewood:
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 Edgewood
Factors that Affect Solar Panel Costs in Edgewood
The cost of installing a solar system in Edgewood can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Edgewood, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Edgewood provide solar loans, which reduce your upfront costs of installing a solar system.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Edgewood, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $10,595 | 14.9 years |
| 8 kW | $3.66 | $20,506 | $14,529 | 14.6 years |
| 10 kW | $3.59 | $25,130 | $18,664 | 14.3 years |
| 12 kW | $3.52 | $29,553 | $22,999 | 14.1 years |
| 14 kW | $3.45 | $33,775 | $27,536 | 13.8 years |
| 16 kW | $3.37 | $37,796 | $32,274 | 13.5 years |
| 18 kW | $3.30 | $41,615 | $37,213 | 13.2 years |
| 20 kW | $3.23 | $45,234 | $42,353 | 12.9 years |
How to Save on Solar Panels
There are many companies to choose from in Edgewood, 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:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
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 Edgewood, WA Solar Cost FAQs
How much does it cost to install solar panels in Edgewood?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,950 for a 5-kW system and $35,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Edgewood?
Solar panels aren’t free in Edgewood, but there are some options that can make getting them more feasible, 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 much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $875.87 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.