Solar Panel Cost Guide in Grand Mound, WA (2024 Update)
- Grand Mound Solar Installation Cost: $11,424
- 25-Year Savings: $10,271
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Grand Mound
We go over average solar pricing in Grand Mound.
Although the national average of solar panels is $2.66 per watt, solar panels in Grand Mound generally cost around 4.The average solar panel system size in Grand Mound is around 4.5 kilowatts, meaning a cost of about $11,424 for a solar installation, or $16,336 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Grand Mound depending on a few factors, such as the brand of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $16,000 over 20 years on power bills.
To get a free estimate from a highly rated solar installation company in Grand Mound, you can click the button below.
Solar savings over time in Grand Mound
| Year | Return on Investment |
|---|---|
| 1 years | $-10,148 |
| 3 years | $-7,596 |
| 5 years | $-5,045 |
| 7 years | $-2,493 |
| 9 years | $59 |
| 11 years | $2,611 |
| 13 years | $5,163 |
| 15 years | $7,714 |
| 17 years | $10,266 |
| 19 years | $12,818 |
| 21 years | $15,370 |
| 23 years | $17,922 |
| 25 years | $20,474 |
Top Solar Installers in Grand Mound
When switching to solar energy, many homeowners prefer to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Plus, if you’re unsure what kind of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Grand Mound
Factors that Affect Solar Panel Costs in Grand Mound
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Grand Mound: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Grand Mound, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $3,590 for each additional kilowatt you need.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Grand Mound average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Grand Mound, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.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’re only able to 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 finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Grand Mound is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services for different budgets.Companies that only sell products with high efficiency and therefore a higher price point — 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 decide on the company that has the products, warranties and services you’re looking for and also fits within 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 | $3.73 | $15,681 | $9,054 | 15.8 years |
| 8 kW | $3.66 | $20,506 | $12,474 | 15.5 years |
| 10 kW | $3.59 | $25,130 | $16,095 | 15.2 years |
| 12 kW | $3.52 | $29,553 | $19,917 | 14.9 years |
| 14 kW | $3.45 | $33,775 | $23,940 | 14.6 years |
| 16 kW | $3.37 | $37,796 | $28,164 | 14.3 years |
| 18 kW | $3.30 | $41,615 | $32,589 | 14.0 years |
| 20 kW | $3.23 | $45,234 | $37,216 | 13.7 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Grand Mound, WA Solar Cost FAQs
How much does it cost to install solar panels in Grand Mound?
The average cost of solar panels in Grand Mound is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Grand Mound?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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 bang for your buck from going solar.
Is it worth going solar in Grand Mound?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 household 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.