Solar Panel Cost Guide in Mill Creek East, WA (2024 Update)
- Mill Creek East Solar Installation Cost: $11,028
- 25-Year Savings: $10,564
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Mill Creek East
Let’s take a look at the average cost of solar panels in Mill Creek East.
While the national average of solar panels is $2.66 per watt, solar panels in Mill Creek East generally cost about 4.The average Mill Creek East homeowner needs a 4.4-kilowatt system, which would cost about $11,028 with the federal tax credit, or $15,770 before the 0 tax credit is applied.
These figures are only averages, and how much solar costs for you may differ based on your specific situation and what company you choose to go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar installer in Mill Creek East for a quote for your home.
Solar savings over time in Mill Creek East
| Year | Return on Investment |
|---|---|
| 1 years | $-9,826 |
| 3 years | $-7,422 |
| 5 years | $-5,017 |
| 7 years | $-2,613 |
| 9 years | $-208 |
| 11 years | $2,196 |
| 13 years | $4,601 |
| 15 years | $7,005 |
| 17 years | $9,409 |
| 19 years | $11,814 |
| 21 years | $14,218 |
| 23 years | $16,623 |
| 25 years | $19,027 |
Top Solar Installers in Mill Creek East
Although you can install solar panels yourself, it requires extra labor and knowledge. For that reason, almost all homeowners choose a solar panel installer. The payback period of solar panels will vary based on factors like your location and energy use, but working with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our recommendations for providers 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 Mill Creek East
Factors that Affect Solar Panel Costs in Mill Creek East
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Mill Creek East: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,590. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Mill Creek East, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of 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 installers in Mill Creek East provide solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also increases your all-in costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Mill Creek East, and each can charge different amounts for labor and equipment.Additionally, some companies in Mill Creek East are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $9,941 | 15.3 years |
| 8 kW | $3.66 | $20,506 | $13,657 | 15.0 years |
| 10 kW | $3.59 | $25,130 | $17,574 | 14.7 years |
| 12 kW | $3.52 | $29,553 | $21,692 | 14.4 years |
| 14 kW | $3.45 | $33,775 | $26,011 | 14.1 years |
| 16 kW | $3.37 | $37,796 | $30,531 | 13.8 years |
| 18 kW | $3.30 | $41,615 | $35,252 | 13.5 years |
| 20 kW | $3.23 | $45,234 | $40,175 | 13.2 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
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 Mill Creek East, WA Solar Cost FAQs
How much does it cost to install solar panels in Mill Creek East?
This is a difficult question to answer exactly, 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 usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Mill Creek East?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to 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 bang for your buck from going solar.
Does Mill Creek East have a net metering program?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.