Solar Panel Cost Guide in North Lynnwood, WA (2024 Update)
- North Lynnwood 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 North Lynnwood
See how much it might cost to install solar panels in North Lynnwood.
The average cost of a solar system in North Lynnwood is 4 per watt.The average solar panel system size in North Lynnwood is around 4.4 kilowatts, meaning a cost of about $11,028 for a solar installation, or $15,770 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in North Lynnwood based on several factors, such as the model of solar panels you choose and the solar company you hire.Even with the significant upfront cost, the average North Lynnwood homeowner can save about $17,000 on their energy bills over 20 years, which is one of the perks of solar.
To get a free quote from a highly rated solar installation company in North Lynnwood, you can click the button below.
Solar savings over time in North Lynnwood
| Year | Return on Investment |
|---|---|
| 1 years | $-9,760 |
| 3 years | $-7,222 |
| 5 years | $-4,685 |
| 7 years | $-2,148 |
| 9 years | $389 |
| 11 years | $2,927 |
| 13 years | $5,464 |
| 15 years | $8,001 |
| 17 years | $10,538 |
| 19 years | $13,076 |
| 21 years | $15,613 |
| 23 years | $18,150 |
| 25 years | $20,687 |
Top Solar Installers in North Lynnwood
Many homeowners choose to hire a solar installation company since installing solar panels on your own can be a lot of work. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 North Lynnwood
Factors that Affect Solar Panel Costs in North Lynnwood
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in North Lynnwood: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The type 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, higher efficiency could save you more over time on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the North Lynnwood average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many North Lynnwood homeowners decide to finance their solar panel systems to make going solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence the cost. North Lynnwood’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with 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 vehicle 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 | $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
The solar installer you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
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 North Lynnwood, WA Solar Cost FAQs
What is the average cost of installing solar panels in North Lynnwood?
This is a difficult question to answer exactly, because the cost depends on a few different 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. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in North Lynnwood?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in North Lynnwood?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
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 higher 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.