Solar Panel Cost Guide in Silverdale, WA (2024 Update)
- Silverdale Solar Installation Cost: $11,397
- 25-Year Savings: $20,501
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Silverdale
Let’s have a look at the average cost of solar in Silverdale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Silverdale, the typical cost of solar panels is 4 per watt.The average Silverdale homeowner needs a 4.5-kilowatt system, which would cost about $11,397 with the federal tax credit, or $16,298 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Silverdale based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.Even with the high initial cost, the average Silverdale homeowner can save around $17,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Silverdale
| Year | Return on Investment |
|---|---|
| 1 years | $-10,121 |
| 3 years | $-7,569 |
| 5 years | $-5,017 |
| 7 years | $-2,466 |
| 9 years | $86 |
| 11 years | $2,638 |
| 13 years | $5,190 |
| 15 years | $7,742 |
| 17 years | $10,294 |
| 19 years | $12,845 |
| 21 years | $15,397 |
| 23 years | $17,949 |
| 25 years | $20,501 |
Top Solar Installers in Silverdale
Installing solar panels on your own can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar, going with a solar company can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
Working with a vetted solar installer can help you make the most of your investment in solar. 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 Silverdale
Factors that Affect Solar Panel Costs in Silverdale
There are many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of a solar system in Silverdale, one of the most crucial 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 usage, which you can gauge by looking at past electricity bills. Your overall 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 choose 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 energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Silverdale average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Silverdale, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also fit into your budget.
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 | $9,113 | 15.8 years |
| 8 kW | $3.66 | $20,506 | $12,553 | 15.5 years |
| 10 kW | $3.59 | $25,130 | $16,193 | 15.2 years |
| 12 kW | $3.52 | $29,553 | $20,035 | 14.9 years |
| 14 kW | $3.45 | $33,775 | $24,078 | 14.6 years |
| 16 kW | $3.37 | $37,796 | $28,322 | 14.3 years |
| 18 kW | $3.30 | $41,615 | $32,767 | 14.0 years |
| 20 kW | $3.23 | $45,234 | $37,413 | 13.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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 Silverdale, WA Solar Cost FAQs
What is the average cost of installing solar panels in Silverdale?
The average cost of solar panels in Silverdale is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Silverdale?
Leasing solar panels can be an appealing choice, because it commonly 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Silverdale, that will require at least a 10-kW system. Not all homes will have roofs that 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 long do solar panels last in Silverdale?
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 the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.