Solar Panel Cost Guide in Gresham, OR (2024 Update)
- Gresham Solar Installation Cost: $10,692
- 25-Year Savings: $14,336
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Gresham
We go over average solar pricing in Gresham.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gresham, the average cost of solar panels is 4 per watt.Because a 4.4-kW system is needed to cover the energy needs of a typical home in Gresham, the average price of going solar will be about $10,692 after claiming the federal solar tax credit of 0.
These figures are just estimates, and how much solar costs for you will most likely vary based on your specific situation and what company you choose to go with.Despite the large initial cost, the average Gresham homeowner can save around $21,000 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 installer, click the button below.
Solar savings over time in Gresham
| Year | Return on Investment |
|---|---|
| 1 years | $-9,288 |
| 3 years | $-6,479 |
| 5 years | $-3,670 |
| 7 years | $-860 |
| 9 years | $1,949 |
| 11 years | $4,758 |
| 13 years | $7,567 |
| 15 years | $10,376 |
| 17 years | $13,185 |
| 19 years | $15,994 |
| 21 years | $18,803 |
| 23 years | $21,612 |
| 25 years | $24,421 |
Top Solar Installers in Gresham
Installing solar panels on your own can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 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 Gresham
Factors that Affect Solar Panel Costs in Gresham
The cost of installing a solar system in Gresham can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Gresham, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the growing popularity of sustainable energy solutions in Gresham, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $15,600 | 12.4 years |
| 8 kW | $3.57 | $19,992 | $21,192 | 12.1 years |
| 10 kW | $3.50 | $24,500 | $26,980 | 11.9 years |
| 12 kW | $3.43 | $28,812 | $32,964 | 11.7 years |
| 14 kW | $3.36 | $32,928 | $39,144 | 11.4 years |
| 16 kW | $3.29 | $36,848 | $45,520 | 11.2 years |
| 18 kW | $3.22 | $40,572 | $52,092 | 10.9 years |
| 20 kW | $3.15 | $44,100 | $58,860 | 10.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
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 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 Gresham, OR Solar Cost FAQs
How much does it cost to install solar panels in Gresham?
The average cost of solar panels in Gresham is about $17,500 for a 5-kW system and $35,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Gresham?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.