Solar Panel Cost Guide in Coos Bay, OR (2024 Update)
- Coos Bay Solar Installation Cost: $9,524
- 25-Year Savings: $15,224
- Payback Period: 10.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Coos Bay
We break down average solar pricing in Coos Bay.
The average cost of a solar system in Coos Bay is 4 per watt.The average Coos Bay homeowner needs a 3.9-kilowatt system, which would cost about $9,524 with the federal tax credit, or $13,619 before the 0 tax credit is applied.
These figures are only averages, and your own solar costs will most likely vary based on factors unique to your home and what company you want to go with.Despite the large initial cost, the average Coos Bay homeowner can save around $23,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Coos Bay
| Year | Return on Investment |
|---|---|
| 1 years | $-8,315 |
| 3 years | $-5,896 |
| 5 years | $-3,478 |
| 7 years | $-1,059 |
| 9 years | $1,359 |
| 11 years | $3,778 |
| 13 years | $6,197 |
| 15 years | $8,615 |
| 17 years | $11,034 |
| 19 years | $13,452 |
| 21 years | $15,871 |
| 23 years | $18,290 |
| 25 years | $20,708 |
Top Solar Installers in Coos Bay
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using a solar panel installer can make swapping over to solar power much easier. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Coos Bay:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Coos Bay
Factors that Affect Solar Panel Costs in Coos Bay
The cost of installing a solar system in Coos Bay can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,500 per kilowatt in Coos Bay.There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Coos Bay, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating in Coos Bay, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger 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 | $3.64 | $15,288 | $19,388 | 11.0 years |
| 8 kW | $3.57 | $19,992 | $26,242 | 10.8 years |
| 10 kW | $3.50 | $24,500 | $33,293 | 10.6 years |
| 12 kW | $3.43 | $28,812 | $40,539 | 10.4 years |
| 14 kW | $3.36 | $32,928 | $47,982 | 10.2 years |
| 16 kW | $3.29 | $36,848 | $55,620 | 10.0 years |
| 18 kW | $3.22 | $40,572 | $63,455 | 9.8 years |
| 20 kW | $3.15 | $44,100 | $71,485 | 9.5 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 models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Coos Bay, OR Solar Cost FAQs
What is the average cost of installing solar panels in Coos Bay?
The average cost of solar panels in Coos Bay is about $17,500 for a 5-kW system and $35,000 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Coos Bay?
Solar panels aren’t free in Coos Bay, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,155.85 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.