Solar Panel Cost Guide in Springfield, OR (2024 Update)
- Springfield Solar Installation Cost: $9,753
- 25-Year Savings: $15,050
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Springfield
We break down average solar pricing in Springfield.
The average cost of a solar panel system in Springfield is 4 per watt.The average solar panel system size in Springfield is around 4.0 kilowatts, meaning a cost of about $9,753 for a solar installation, or $13,947 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar panels you want to get, your solar contractor and more.With average savings of about $23,000 on energy bills over 20 years, many homeowners in Springfield find going solar can pay off big.
You can click the button below to get connected with a vetted solar installer in Springfield that can help you get a more accurate cost estimate for your home.
Solar savings over time in Springfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,612 |
| 3 years | $-6,328 |
| 5 years | $-4,044 |
| 7 years | $-1,761 |
| 9 years | $523 |
| 11 years | $2,806 |
| 13 years | $5,090 |
| 15 years | $7,373 |
| 17 years | $9,657 |
| 19 years | $11,941 |
| 21 years | $14,224 |
| 23 years | $16,508 |
| 25 years | $18,791 |
Top Solar Installers in Springfield
Installing solar panels by yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. Another good thing about choosing a vetted solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
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 Springfield
Factors that Affect Solar Panel Costs in Springfield
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Springfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,500.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Springfield, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Springfield, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.Though solar loans make adopting solar energy more accessible for Springfield homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Springfield is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that provides the products, warranties and services you want and also fit into your budget.
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 | $18,574 | 11.3 years |
| 8 kW | $3.57 | $19,992 | $25,157 | 11.1 years |
| 10 kW | $3.50 | $24,500 | $31,936 | 10.9 years |
| 12 kW | $3.43 | $28,812 | $38,912 | 10.6 years |
| 14 kW | $3.36 | $32,928 | $46,083 | 10.4 years |
| 16 kW | $3.29 | $36,848 | $53,450 | 10.2 years |
| 18 kW | $3.22 | $40,572 | $61,013 | 10.0 years |
| 20 kW | $3.15 | $44,100 | $68,773 | 9.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Springfield, OR Solar Cost FAQs
What is the average cost of installing solar panels in Springfield?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Springfield?
Solar panels aren’t free in Springfield, 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 can help lower the cost.
Is it worth going solar in Springfield?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.