Solar Panel Cost Guide in Coquille, OR (2024 Update)
- Coquille 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 Coquille
We go over average solar pricing in Coquille.
The average cost of a solar panel system in Coquille is 4 per watt.Using this figure, a typical 3.9-kW system would cost about $9,524 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what installation company you go with.With typical savings of about $23,000 on power bills over 20 years, many homeowners in Coquille find installing solar panels can pay off big.
Click the button below to get connected to a vetted solar installer in Coquille for a custom estimate.
Solar savings over time in Coquille
| 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 Coquille
Trying to put up solar panels on your own can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you make the most of incentives in Coquille, therefore optimizing your ROI.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Coquille
Factors that Affect Solar Panel Costs in Coquille
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Coquille: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $3,500 per kilowatt in Coquille.The type of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Coquille have solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence your pricing. Coquille’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.64 | $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 numerous companies available in Coquille, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: Before you sign a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
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 Coquille, OR Solar Cost FAQs
What is the average cost of installing solar panels in Coquille?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,500 for a 5-kW system and $35,000 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Coquille?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Coquille?
The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.