Solar Panel Cost Guide in Hockinson, WA (2024 Update)
- Hockinson Solar Installation Cost: $11,156
- 25-Year Savings: $10,470
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Hockinson
Here’s how much it might cost to install solar panels in Hockinson.
Although the national average of solar panels is $2.66 per watt, solar panels in Hockinson generally cost around 4.The average solar panel system size in Hockinson is around 4.4 kilowatts, meaning a cost of about $11,156 for a solar installation, or $15,953 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Hockinson homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the significant initial cost, the average Hockinson homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To receive a free quote from a top solar installation company in Hockinson, you can click the button below.
Solar savings over time in Hockinson
| Year | Return on Investment |
|---|---|
| 1 years | $-10,063 |
| 3 years | $-7,878 |
| 5 years | $-5,692 |
| 7 years | $-3,507 |
| 9 years | $-1,321 |
| 11 years | $864 |
| 13 years | $3,049 |
| 15 years | $5,235 |
| 17 years | $7,420 |
| 19 years | $9,606 |
| 21 years | $11,791 |
| 23 years | $13,977 |
| 25 years | $16,162 |
Top Solar Installers in Hockinson
Although you can install solar panels on your own, it takes extra time and expertise. That's why most homeowners choose a solar panel installer. Some solar companies, especially local ones, can help you make the most of incentives in Hockinson, thereby optimizing your ROI.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Hockinson
Factors that Affect Solar Panel Costs in Hockinson
The cost of installing a solar system in Hockinson can vary by more than $10,000 from home to home. Your actual cost is determined by 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
When it comes to estimating the cost of solar panels in Hockinson, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $3,590 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Hockinson, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Hockinson, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.The company’s size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $9,648 | 15.5 years |
| 8 kW | $3.66 | $20,506 | $13,267 | 15.2 years |
| 10 kW | $3.59 | $25,130 | $17,086 | 14.9 years |
| 12 kW | $3.52 | $29,553 | $21,106 | 14.6 years |
| 14 kW | $3.45 | $33,775 | $25,328 | 14.3 years |
| 16 kW | $3.37 | $37,796 | $29,750 | 14.0 years |
| 18 kW | $3.30 | $41,615 | $34,373 | 13.7 years |
| 20 kW | $3.23 | $45,234 | $39,198 | 13.4 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Warranty: If you’re worried about the endurance of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Hockinson, WA Solar Cost FAQs
How much does it cost to install solar panels in Hockinson?
The average cost of solar panels in Hockinson 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Hockinson?
Leasing solar panels can be an option if you are unable to 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 savings from going solar.
Is it worth going solar in Hockinson?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Hockinson?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.