Cost Of Installing Solar Panels In Washington State

What range of costs should you expect to see in quotes for a solar panel system.

Cost of installing solar panels in washington state.

Washington state solar incentives 2020. Energy efficiency and solar grant funds projects result in energy and operational cost savings at state public higher education institutions local government facilities state agencies and kindergarten through 12th grade k 12 public school districts. On a cost per watt w basis a solar panel installation in washington ranges in price from 2 34 to 3 16. The average cost for an installed residential solar system in washington is currently 12 117 after claiming the 26 federal solar tax credit.

Solar panel cost in washington. Installing a typical 5 kw solar system should start at about 18 750. The average gross cost of installing a standard 5kw solar energy system in washington is just over 14 000 although with various incentives applied this cost can drop dramatically. Washington state department of commerce energy efficiency and solar grants.

The feds offer a tax credit of 30 of out of pocket costs so you ll get 5 625 back next april. From washington data it is shown that the average cost of a solar panel installation ranges from 11 688 to 15 812. When installing solar panels in washington homeowners are eligible to get 26 the cost of installing solar back in taxes using a federal solar tax credit while paying no local or state sales tax effective july 1st 2019. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31.

Solar panel costs for an average sized installation in the u s. As of sep 2020 the average cost of solar panels in washington is 2 73 per watt making a typical 6000 watt 6 kw solar system 12 117 after claiming the 26 federal solar tax credit now available. High installation costs keep many homeowners from buying and installing solar panels that they own. This is 2 73 per watt.

Here s an example of how the numbers work for a purchase of a 5 kw rooftop solar system in washington. Average lease costs are between 50 250 per month based on the size and overall production of your system. On average the payback period for installing a solar energy system is about 9 4 years and the average 20 year savings are over 17 600. How does system size impact the cost of solar.

In many instances solar providers offer free system monitoring maintenance repairs and insurance for the duration of your solar lease. As of september 2020 the average solar panel cost in washington is 2 75 w given a solar panel system size of 5 kilowatts kw an average solar installation in washington ranges in cost from 11 688 to 15 812 with the average gross price for solar in washington coming in at 13 750 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives.