Solar Panel Cost Guide in Union Hill-Novelty Hill, WA (2024 Update)
- Union Hill-Novelty Hill 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 Union Hill-Novelty Hill
Let’s have a look at the average cost of solar in Union Hill-Novelty Hill.
The average cost of a solar system in Union Hill-Novelty Hill is 4 per watt.Because a 4.3-kW system is needed to cover the energy costs of a typical home in Union Hill-Novelty Hill, the average price of going solar will be about $10,925 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Union Hill-Novelty Hill can save about $17,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar company in Union Hill-Novelty Hill for a quote for your home.
Solar savings over time in Union Hill-Novelty Hill
| 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 Union Hill-Novelty Hill
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make swapping over to solar power much easier. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
If you're looking for a solar installer in Union Hill-Novelty Hill, the EcoWatch team has put together a list of our top suggestions here:
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 Union Hill-Novelty Hill
Factors that Affect Solar Panel Costs in Union Hill-Novelty Hill
For many Union Hill-Novelty Hill homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Union Hill-Novelty Hill, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Union Hill-Novelty Hill, 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Union Hill-Novelty Hill homeowners decide to finance their solar panel systems to make paying for 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 making a larger down payment.
Solar Panel Installation Company
The solar company you choose will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $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 many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
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 Union Hill-Novelty Hill, WA Solar Cost FAQs
What is the average cost of installing solar panels in Union Hill-Novelty Hill?
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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Union Hill-Novelty Hill?
You can’t get solar panels for free in Union Hill-Novelty Hill. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $862.14 per year.
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 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.