Solar Panel Cost Guide in Finley, WA (2024 Update)
- Finley Solar Installation Cost: $9,712
- 25-Year Savings: $11,541
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Finley
See how much it might cost to install solar panels in Finley.
Although the national average of solar panels is $2.66 per watt, solar panels in Finley typically cost around 4.To account for the typical energy needs of the average home in Finley, most homeowners require a 3.9-kilowatt system. Using the figure above, a solar installation costs around $9,712, or $13,888 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Finley can save around $19,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Finley that can help you get a more accurate cost estimate for your home.
Solar savings over time in Finley
| Year | Return on Investment |
|---|---|
| 1 years | $-8,731 |
| 3 years | $-6,770 |
| 5 years | $-4,808 |
| 7 years | $-2,847 |
| 9 years | $-886 |
| 11 years | $1,075 |
| 13 years | $3,037 |
| 15 years | $4,998 |
| 17 years | $6,959 |
| 19 years | $8,920 |
| 21 years | $10,881 |
| 23 years | $12,843 |
| 25 years | $14,804 |
Top Solar Installers in Finley
Many homeowners opt for a solar installation company since trying to install solar panels yourself can be challenging. Companies can also offer access to quality options 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 how much solar panels could cost for your home. Here are some nearby:
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 Finley
Factors that Affect Solar Panel Costs in Finley
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Finley: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Finley average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Finley homeowners choose to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Finley, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $13,416 | 13.5 years |
| 8 kW | $3.66 | $20,506 | $18,290 | 13.2 years |
| 10 kW | $3.59 | $25,130 | $23,365 | 13.0 years |
| 12 kW | $3.52 | $29,553 | $28,641 | 12.7 years |
| 14 kW | $3.45 | $33,775 | $34,118 | 12.4 years |
| 16 kW | $3.37 | $37,796 | $39,796 | 12.2 years |
| 18 kW | $3.30 | $41,615 | $45,675 | 11.9 years |
| 20 kW | $3.23 | $45,234 | $51,755 | 11.7 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 pick the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Contract: Before signing a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 Finley, WA Solar Cost FAQs
How much does it cost to install solar panels in Finley?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,950 for a 5-kW system and $35,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Finley?
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 don’t have access to many solar incentives. Also your property 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.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Finley, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely 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.