Solar Panel Cost Guide in Redmond, WA (2024 Update)
- Redmond Solar Installation Cost: $10,925
- 25-Year Savings: $10,641
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Redmond
We go over average solar pricing in Redmond.
While the national average of solar panels is $2.66 per watt, solar panels in Redmond generally cost about 4.The average Redmond homeowner needs a 4.3-kilowatt system, which would cost about $10,925 with the federal tax credit, or $15,623 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what company you go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on utility bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Redmond
| Year | Return on Investment |
|---|---|
| 1 years | $-9,649 |
| 3 years | $-7,098 |
| 5 years | $-4,546 |
| 7 years | $-1,994 |
| 9 years | $558 |
| 11 years | $3,110 |
| 13 years | $5,661 |
| 15 years | $8,213 |
| 17 years | $10,765 |
| 19 years | $13,317 |
| 21 years | $15,869 |
| 23 years | $18,421 |
| 25 years | $20,972 |
Top Solar Installers in Redmond
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Taking advantage of a solar company can make your swap to solar power much easier. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our suggestions 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 Redmond
Factors that Affect Solar Panel Costs in Redmond
The cost of installing a solar system in Redmond can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Redmond, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by around $3,590 for each additional kilowatt you need.The 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 power bills. In addition, extra products, like solar batteries, can bring your total well above the Redmond average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular choice because they lower your upfront costs and allow you to pay for your system over five to seven years on average.Even though solar loans make adopting solar energy more accessible for Redmond homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect how much you pay. Redmond’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $10,183 | 15.2 years |
| 8 kW | $3.66 | $20,506 | $13,979 | 14.9 years |
| 10 kW | $3.59 | $25,130 | $17,977 | 14.6 years |
| 12 kW | $3.52 | $29,553 | $22,175 | 14.3 years |
| 14 kW | $3.45 | $33,775 | $26,575 | 14.0 years |
| 16 kW | $3.37 | $37,796 | $31,176 | 13.7 years |
| 18 kW | $3.30 | $41,615 | $35,977 | 13.4 years |
| 20 kW | $3.23 | $45,234 | $40,980 | 13.1 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:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
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 Redmond, WA Solar Cost FAQs
How much does it cost to install solar panels in Redmond?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Redmond?
You can’t get solar panels for free in Redmond. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Redmond is currently $1,242,914, which means you can expect a value of about $50,959 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Redmond is a rewarding investment.
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 decreases 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.