Solar Panel Cost Guide in Oregon, OH (2024 Update)
- Oregon Solar Installation Cost: $18,269
- 25-Year Savings: $14,163
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Oregon
Find out what the average cost of solar panels are in Oregon.
In Oregon, solar panels cost about 3 per watt on average.Using this figure, a typical 7.7-kW system would cost about $18,269 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on electricity bills.
To receive a free quote from a vetted solar installer in Oregon, you can click the button below.
Solar savings over time in Oregon
Year | Return on Investment |
---|---|
1 years | $-16,972 |
3 years | $-14,377 |
5 years | $-11,782 |
7 years | $-9,188 |
9 years | $-6,593 |
11 years | $-3,999 |
13 years | $-1,404 |
15 years | $1,190 |
17 years | $3,785 |
19 years | $6,380 |
21 years | $8,974 |
23 years | $11,569 |
25 years | $14,163 |
Top Solar Installers in Oregon
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be time-consuming. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for you.
If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Oregon
Factors that Affect Solar Panel Costs in Oregon
The cost of installing a solar system in Oregon can vary by more than $10,000 from home to home. Your actual cost depends 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
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Oregon.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your all-in costs, so it’s important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $3.55 | $14,895 | $7,158 | 16.9 years |
8 kW | $3.48 | $19,478 | $9,927 | 16.6 years |
10 kW | $3.41 | $23,870 | $12,886 | 16.2 years |
12 kW | $3.34 | $28,071 | $16,036 | 15.9 years |
14 kW | $3.27 | $32,081 | $19,377 | 15.6 years |
16 kW | $3.21 | $35,900 | $22,908 | 15.3 years |
18 kW | $3.14 | $39,529 | $26,631 | 14.9 years |
20 kW | $3.07 | $42,966 | $30,545 | 14.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: When reading over 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 component breaking or the company going out of business.
- 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 model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Oregon, OH Solar Cost FAQs
What is the average cost of installing solar panels in Oregon?
The average cost of solar panels in Oregon is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Oregon?
You can’t get solar panels for free in Oregon. 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 want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your 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 Oregon is currently $200,439, so you can look forward to a value of about $8,218 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Oregon is a worthwhile investment.
How long do solar panels last in Oregon?
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.